Industry Analysis & Industry Trends
The Cell Phone Repair industry has profoundly grown over the past five years due to several factors, including cheaper and more reliable mobile internet and the exploding popularity of smartphones, which are more fragile and therefore more likely to need repairs. Smartphones also feature higher price tags, which have led consumers to repair rather than replace them. However, as the industry reaches market saturation and the cost of replacement becomes more affordable, demand for this industry's services is expected to stall.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Cell Phone Repair industry is in the growth stage of its life cycle. Over the 10 years to 2019, industry value added (the industry's contribution to the economy) is expected to increase 2.0% on average annually. In contrast, GDP is expected to grow 2.7% over the same period.
Internet-enabled smartphones cost more than basic-feature phones and therefore remain more likely to be repaired instead of replaced. Smartphones also have more fragile displays and touchscreens, inaccessible batteries and other breakable parts that make them more likely to need repair. Smartphones currently represent more than two-thirds of all mobile phone sales and half of all mobile phone users... purchase to read more