Electronic Equipment Repair Service Market : Opportunity Analysis and Industry Forecast upto 2024
The global electronic equipment repair service market is currently being driven by the large number of innovative electronics equipment reaching the commercial markets. This is propelling the demand for electronic equipment repair services from both companies and single point service individuals across the world. Furthermore, the global demand for refurbished electronics products is growing at a fast rate due to consumers from developing economies where price is a greater concern than other aspects. The wide scope of the global electronic equipment repair service market in refurbishing electronics is anticipated to push it further. Developing economies, especially the ones from Asia Pacific, are showing a phenomenal rate of growth in consumption of electronic devices. The global electronic equipment repair service market is expected to reach US$147.24 bn by 2024. The market is anticipated to expand at a CAGR of 8.5% during the period from 2016 to 2024. By the end of 2016, this market’s revenue is expected to reach US$76.7 bn. Obtain Report Details @ http://www.transparencymarketresearch.com/electronic-equipment-repair-service.html Geographically speaking, the global electronic equipment repair service market was led by Europe in 2015, when the region held a share of nearly 30% in the market’s revenue. The growing focus by government bodies through regulatory guidance for the promotion of better ewaste management processes has amplified the electronic equipment repairing and recycling activities here. North America was second in terms of overall demand volume in the global electronic equipment repair service market for 2015. Consumer electronics repair held the leading share within the North American market among all applications. Asia Pacific, on the other hand, is projected to expand at a leading CAGR of 8.8% between 2016 and 2024 in the global electronic equipment repair service market, owing to a phenomenal rate of adoption of smart phones and tablets. China is likely to be leading contributor region’s electronic equipment repair service market over the forecast period. The Middle East and Africa (MEA) and South America are also expected to