PUNE, Jan. 17, 2023 (GLOBE NEWSWIRE) -- "Smartphone Repair Market" research report focus on overall information that can help to take decisions on current market situation. Smartphones have changed the world in a remarkably brief time frame. Currently, nearly half of the world’s population uses a smartphone and annual spending on new smartphone hardware exceeds 370 billion US dollars.
Smartphone Repair Market Report Contains 2023: -
- Complete overview of the global Smartphone Repair Market
- Top Country data and analysis for United States, Canada, Mexico, Germany, France, United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil and Saudi Arabia, etc. It also throws light on the progress of key regional Smartphone Repair Markets such as North America, Europe, Asia-Pacific, South America and Middle East and Africa
- Description and analysis of Smartphone Repair market potential by type, Deep Dive, disruption, application capacity, end use industry
- impact evaluation of most important drivers and restraints, and dynamics of the global Smartphone Repair Market and current trends in the enterprise
- Some of the major players operating in the market include Apple inc., Best Buy Co. Inc., Cell Phone Repair Franchise Systems Inc., Square Trade, LG Electronics, Samsung Electronics, HTC Corporation, uBreakiFix, Staymobile, Motorola. The industry has witnessed emergence of several small and big phone repair start-ups who are coming up with innovative ideas to repair phone at low price range.
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Owing to the growing dependence on smartphones as well as availability of affordable smartphones, the average global smartphone replacement cycle has reached 21 months. Customers from the emerging market are being more aggressively replacing their smartphone, compared to the customers in the developed economy. The growth of Chinese brands, which offer higher specification devices at affordable price, has generated faster upgrade cycle. In addition, the rise of used and refurbished smartphones is also catalyzing this trend. About 50% of the smartphone users in Australia, China, Germany, and Saudi Arabia revealed that they would spend more than US$400 to replace their current smartphones. In comparison, only 13% of the smartphone users in Japan would spend more than US$400 on their new smartphone device.
Insights Presented in the Report
“Currently Hardware component segment dominates the Smartphone repair market with more than 90% share in 2020.”
Based on component, the Smartphone Repair Market is bifurcated into Software and Hardware. Currently, hardware segment dominates the market, and is expected to remain dominant during the analyzed period. As per Urgagdgetdotors, 30% of Americans have cracked their phone screen in 2019. Cracked screen is the most common repair work in this industry. Approximately 50 million cracked and smashed phones are repaired every year in the US.
“Screen Repair and Replacement is the major activity conducted in the Smartphone Repair market.”
Based on activity type, the global Smartphone Repair market is bifurcated into Screen Repair and Replacement, Battery Repair and Replacement, Button and Jack Repair and Replacement, Camera and sensor repair and replacement and Others (Software related). Currently, Screen Repair and Replacement segment dominates the market, with more than 61% share in 2020. The Square Trade survey, stated that as many as 66% of consumers damaged their devices over the past year, including cracks, scratches, and damaged batteries.
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“Company operated Service center dominates the smartphone repair market in terms of value.”
Based on the business type, the global Smartphone Repair market is segmented into Brick-and-mortar stores and Company operated Service center. Company operated Service center charge almost double the charge for repairing smartphone, compared to what is charged by Brick-and-mortar stores. In terms of volume Brick-and-mortar stores perform more smartphone repair related activity.
“Asia-Pacific dominates the Smartphone Repair Market, accounting for 72.9% share in 2020.”
For a better understanding of the overall demand and penetration of smartphone repair related business, a detailed analysis was conducted for the major region/country including North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Netherlands, Poland, Rest of Europe); Asia-Pacific (China, India, South Korea, Rest of APAC) and Rest of the World. China and India lead the smartphone adoption globally, owing to high population growth paired with rising disposable income and emergence of low-cost Chinese smartphone brands.
researcher’s latest report provides a deep insight into the global Smartphone Repair Market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
Smartphone Repair Market segments help decision-makers direct the product, sales, and marketing strategies, and can power your product development cycles by informing how you make product offerings for different segments.
Market segment by Region/Country including: -
- North America (United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Spain, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Southeast Asia, etc.)
- South America (Brazil, Argentina, Colombia, etc.)
- Middle East & Africa (South Africa, UAE, Saudi Arabia, etc.)
Key Players in the Smartphone Repair Market: -
- pple inc.
- Best Buy Co. Inc.
- Cell Phone Repair Franchise Systems Inc.
- Square Trade
- LG Electronics
- Samsung Electronics
- HTC Corporation
- uBreakiFix
- Staymobile
- Motorola
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Key Benefits of Smartphone Repair Market Research Report:
- Types, applications, regions, and key players covered in the study
- Industry drivers, restraints, and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Artificial Intelligence AI Chips Market
- Sales, price, revenue, market share, and growth rate are covered in the report sales channels, distributors, traders, dealers, etc. are covered in the report
Detailed TOC of Smartphone Repair Market: Current Analysis and Forecast (2021-2027)
1 MARKET INTRODUCTION
1.1 Market Definition
1.2 Objective of the Study
1.3 Limitation
1.4 Stakeholders
1.5 Currency used in the Report
1.6 Scope of the Smartphone Repair Market Study
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Research Methodology for the Smartphone Repair Market Study
2.1.1 Main objective of the Smartphone Repair Market Study
3 INDUSTRY SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL SMARTPHONE REPAIR MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increased penetration of Online Businesses
5.1.2 Proliferation of Social Media and Smartphones
5.1.3 Increasing per capita disposable income
5.2 Market Challenges
5.2.1 Unauthorized repairers and lack of access to original spare parts
5.2.2 Waste regulations and refurbishment
5.3 Market Opportunities
5.3.1 Changing price of semiconductor and electronic components
6 SMARTPHPONE REPAIR COST ANALYSIS
And More…
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1.To study and analyze the global Smartphone Repairconsumption (value) by key regions/countries, product type and application
2.To understand the structure of Smartphone Repair Market by identifying its various sub segments.
3.Focuses on the key global Smartphone Repairmanufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years.
4.To analyze the Smartphone Repair with respect to individual growth trends, future prospects, and their contribution to the total market.
5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
6.To project the consumption of Smartphone Repair submarkets, with respect to key regions (along with their respective key countries).
7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
8.To strategically profile the key players and comprehensively analyze their growth strategies.
Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global Smartphone Repair Market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the Smartphone Repair Market and its impact in the global market.
Learn about the Smartphone Repair Market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the Smartphone Repair Market.
Besides the standard structure reports, we also provide custom research according to specific requirements
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Client Focus
1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Smartphone Repair market?
Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and we elaborate at full length on the impact of the pandemic and the war on the Smartphone Repair,Industry.
2. How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Please find the key player list in Summary.
3. What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report.
Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users.
Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
4. Can I modify the scope of the report and customize it to suit my requirements?
Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
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