Appliance Shortages Combined With Increased Wear and Tear to Drive Demand for Repair in 2021
Dublin, January 21, 2021 (GLOBE NEWSWIRE) – ResearchAndMarkets.com published a new article on the electronics and equipment repair industry, “Equipment shortages combined with increased wear and tear to drive demand for repairs in 2021”
In the early days of the pandemic, refrigerator and freezer sales skyrocketed as consumers stocked up on groceries. Game systems, electronics, computers, and mobile device sales also rose in response to consumers working, learning, and socializing online. The surge in demand was accompanied by slowdowns in production due to factory closures and supply chain disruptions. This has resulted in a decrease in inventory levels of retail equipment and longer waiting times for new equipment. The demand for repair services in 2021 will be driven by difficulties in obtaining new equipment, as well as increased equipment wear and tear as a result of consumers spending more time at home.
Pandemic unemployment and loss of income can also increase the demand for repair services to extend the life of older products. Repair firms may also see growing interest in refurbished equipment and electronics from price-conscious consumers. The equipment repair industry is becoming more and more attractive for job seekers. The number of people seeking training to become repair technicians has increased dramatically. The Dyer Appliance Repair Academy, one of only two Appliance Repair Schools in the US that was previously 65% busy, reported that courses were overbooked from May to December 2020.
The ResearchAndMarkets.com article contains a selection of reports on repairing electronics and equipment such as:
- 2021 Other Personal & Household Goods Repair, Global Market Size and Growth Report, showing COVID-19 Impact
- Personal and Household Goods Repair and Maintenance – US Market Research Report 2021 with Updated COVID-19 Forecasts
- Electronic Device Repair Services Market Research Report By Product, By End Usage – Global Forecast to 2025 – Cumulative Impact Of COVID-19
For the full article and a list of related reports in the market, please see “Equipment Scarcity Combined With Increased Wear And Tear To Increase Demand For Repairs In 2021.”
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