Consumer electronics repair and maintenance market forecasts 2024-2033 featuring cableshoppe, redington, electronix, b2x care solutions, encompass parts, ubreakifix, asurion, best buy
The global consumer electronics repair market, valued at usd 18.62 billion in 2024, is projected to grow to usd 31.03 billion by 2033, fueled by a 5.84% cagr from 2025-2033. this growth is driven by the demand for prolonged device lifecycles, cost-effective repair solutions, sustainability, and e-waste reduction. the sector encompasses various products and services, including authorized and independent repair providers for home appliances, personal and entertainment devices. key growth factors include electronic waste management, cost-efficiency over replacements, and government support for right-to-repair initiatives, despite challenges like limited spare parts availability and rapid tech advancements. major markets include the us, france, india, and saudi arabia, with leading players like ubreakifix and best buy shaping the landscape. the global consumer electronics repair market, valued at usd 18.62 billion in 2024, is projected to grow to usd 31.03 billion by 2033, fueled by a 5.84% cagr from 2025-2033. this growth is driven by the demand for prolonged device lifecycles, cost-effective repair solutions, sustainability, and e-waste reduction. the sector encompasses various products and services, including authorized and independent repair providers for home appliances, personal and entertainment devices. key growth factors include electronic waste management, cost-efficiency over replacements, and government support for right-to-repair initiatives, despite challenges like limited spare parts availability and rapid tech advancements. major markets include the us, france, india, and saudi arabia, with leading players like ubreakifix and best buy shaping the landscape.
