Laptop Repair Market: Current Analysis and Forecast (2023-2030)
$3999 – $6999
Emphasis on Component (Software, Hardware); Product Type (Screen, Battery, Motherboard, Storage Devices, Others); Business Type (Brick-and-mortar stores, Company-operated Service center); End User (Individual, Business, Educational Institutions); and Region/Country
The laptop repair market is expected to grow at a strong CAGR of around 3.65% during the forecast period owing to increasing demand for laptops from all over the world. The growth of the laptop repair market is attributed to factors such as the increasing demand for laptops all over the world especially in emerging economies, the rising popularity of DIY repair services, and the increasing use of laptops in the education and healthcare sectors as laptops are extensively used in educational institutions for online learning, research, and administrative purposes. Similarly, healthcare facilities rely on laptops for digital record-keeping, patient care, and communication. Further, the laptop repair market is highly competitive, with many repair shops vying for business. To stay competitive, repair shops must offer high-quality services at reasonable prices, as well as having a good reputation for customer service.
Some of the major players operating in the market include Apple Inc., Dell Inc., Lenovo, HP Development Company, L.P., Acer Inc., Microsoft, TOSHIBA CORPORATION, SAMSUNG, ASUSTeK COMPUTER INC., Sony. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst component types, the hardware segment held a significant share of the market in 2022.”
Based on components, the market is bifurcated into software and hardware. The hardware segment held a significant share of the market in 2022. It involves replacing one or more components of a laptop, such as the hard drive, memory, battery, or keyboard, to fix a problem or improve the performance of the device. Additionally, the complexity of modern-day laptop hardware makes prognosis and repair more difficult, resulting in a greater demand for skilled technicians and specialized tools. Moreover, the high cost of changing certain hardware components, which include displays and batteries, can cause a longer repair time and higher labor expenses, further solidifying the importance of the hardware segment inside the laptop repair market.
“Amongst product types, the screen repair segment has the highest revenue share in 2022.”
Based on product type, the market is segmented into screens, battery, motherboard, storage devices, and others. The screen repair segment holds the highest revenue in the laptop repair market which includes fixing or replacing the screen of a laptop that has been damaged or is not functioning properly. Moreover, the cost of replacing a laptop display screen can range from several hundred to over one thousand dollars, depending on the model and quality of the device. As an end result, customers are inclined to pay top-rate fees for high-quality display screen maintenance such as OLED screens, driving the revenue of this segment. Additionally, the complexity of display repairs requires specialized skill sets and systems, leading to higher labor costs and further contributing to the segment’s dominance in terms of revenue.
Amongst business types, the company-operated service center held a significant share of the market in 2022.”
Based on the business type, the market is bifurcated into brick-and-mortar stores and company-operated Service centers. The company-operated service center held a significant share of the market and is expected to showcase the same fashion in the forecast period. The company-operated service centers offer convenient and timely repair services to customers. These centers are typically located in strategic locations, such as major cities and towns, making it easier for customers to access their services. For instance, Apple has a wide network of authorized service providers across the globe, allowing customers to get their MacBooks and iMacs repaired quickly and efficiently. Similarly, Dell and HP have their own service centers located in different regions, offering fast turnaround times and hassle-free repair experiences. Moreover, these devices are quietly costly, so consumers need better infrastructure and resources to repair their devices which are provided by the company-operated service centers.
Amongst end-users, the business segment held a dominant share of the market in 2022.”
Based on the end user, the market is segmented into individual, business, and educational institutes. The business segment held a dominant share of the market in 2022 and is expected to showcase the same trend in the foreseeable future. The business segment has a large consumer base and purchases in bulk amounts for various purposes, such as data entry, document management, and communication. As a result, they need reliable and efficient laptop repair services to minimize downtime and maintain productivity. Moreover, many businesses opt for prolonged warranties and maintenance contracts to ensure their laptops remain in good working condition. These agreements provide recurring revenue streams for laptop repair service providers, assisting them in maintaining a strong position within the market.
“North America dominated the laptop repair market in 2022.”
The laptop repair market in North America is a rapidly growing industry, driven by the increasing popularity of laptops and the need for their repair and maintenance. With the rise of remote work and online education, the demand for laptop repair services has increased significantly in recent years. The market is highly competitive, with a large number of small and large repair shops, as well as independent technicians, vying for customers. However, this competition also presents opportunities for those who are willing to invest in the necessary skills and equipment to provide high-quality repair services.
Laptop Repair Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
The global laptop repair market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
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|2.1.||Research Process of the Laptop Repair Market|
|2.2.||Research Methodology of the Laptop Repair Market|
|3. MARKET SYNOPSIS|
|5||GLOBAL LAPTOP REPAIR MARKET COVID-19 IMPACT|
|6||GLOBAL LAPTOP REPAIR MARKET REVENUE, 2020-2030F|
|9.2.||Company-operated Service center|
|11.1.||Types of Issues|
|11.1.5.||Data Security & Privacy|
|11.2.||Competitive Benchmarking (10 Leading Companies) – Based on Key Issues Faced by Companies|
|12.1.3.||Rest of North America|
|12.2.6.||Rest of Europe|
|12.3.4.||Rest of Asia Pacific|
|12.4.||Rest of World|
|14||LAPTOP REPAIR MARKET OPPORTUNITIES|
|15||LAPTOP REPAIR MARKET TRENDS|
|16.1.||Demand Side Analysis|
|16.2.||Supply Side Analysis|
|17||VALUE CHAIN ANALYSIS|
|18.1.||Porter’s Five Forces Analysis|
|19.4.||HP Development Company, L.P.|
|19.9.||ASUSTeK COMPUTER INC.|
Research Methodology for the Laptop Repair Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global laptop repair market were the three major steps undertaken to create and analyze the adoption of laptop repair in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global laptop repair market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the laptop repair market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the laptop repair market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as component, product type, business type, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the laptop repair market. Further, we conducted factor analysis using dependent and independent variables such as component, product type, business type, and end-user of the laptop repair market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the laptop repair market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global laptop repair market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the laptop repair market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global laptop repair market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global laptop repair market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of component, product type, business type, and end-user in the global laptop repair market.
The main objective of the Laptop Repair Market Study
The current & future market trends of the global laptop repair market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the laptop repair market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the component, product type, business type, and end-user
- Define and analysis of the regulatory framework for the laptop repair industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the laptop repair market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the laptop repair market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry