Electronic Equipment Repair Services Industry Profile

Companies in this industry repair computers and communications equipment, office machines, televisions and stereos, precision instruments, and other consumer and professional electronic equipment. Major companies include CPR Cell Phone Repair and UBreakiFix.

Audio equipment makers are targeting emerging markets for growth. Mobile devices such as tablet computers and smartphones are driving global demand for electronic devices. In 2024, global electronic repair services had a market value of more than $135 billion and are expected to reach about $255 billion in 2034, with a compound annual growth rate (CAGR) of 6.3% for the 2025-2034 period, according to Global Market Insights (GMI). Developing countries with rapid economic growth should support industry expansion as demand for repair services depends on electronics sales.

The US electronic equipment repair services industry includes about 13,000 establishments (single-location companies or units of multi-location companies) with combined annual revenue of about $17 billion.

The industry includes companies that primarily provide repair services for computers, consumer electronics, and communication products, and for precision equipment such as medical and scientific instruments. Repair services for household appliances are not included. The industry doesn't include companies that primarily manufacture or rebuild products, or companies that primarily sell new items and provide after-sale services and repairs.

COMPETITIVE LANDSCAPE

Demand is driven by the installed base of electronic equipment, equipment failure rates, and the cost advantage of regularly maintaining and fixing broken and idle equipment, rather ...