Electronic & Computer Repair Services in the US
The Electronic and Computer Repair Services industry is in need of repair itself. The increasing affordability of electronics and computers has prompted consumers and businesses to purchase new products rather than replace their existing equipment, leading to a drop in demand. Furthermore, businesses and consumers typically have opted to purchase more advanced products and scrap damaged or outdated goods. The life cycle of electronic goods and computers has shortened over the five years to 2018, and the introduction of new technology has provided further incentive for consumers and businesses to replace their old equipment. Over the next five years, industry revenue is expected to decline. New, technologically complex products will lead the way for increased repair demand as businesses and consumers ramp up purchasing activity amid economic growth.
Companies in this industry are involved in repairing and maintaining one or more of the following: consumer electronic equipment, computers, office machines, communication equipment and other electronic and precision equipment; items are not sold new. Establishments in this industry repair items including microscopes, radar and sonar equipment, TVs, stereos, video recorders, computers, photocopying machines, communications equipment, scientific instruments and medical equipment.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.