Industry Analysis & Industry Trends
This industry is one of few that can benefit from weak economic conditions. Therefore, the sluggish economic recovery and persistent high unemployment has presented opportunities for providers of electronic and computer repair services. However, because many electronic gadgets quickly become obsolete due to rapid technological advances, consumers will be tempted to simply replace these items rather than repair them. Nevertheless, high-end electronic items like flat-screen TVs will continue to generate demand for the industry, as these items generally cost less to repair than to replace... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Electronic and Computer Repair Services industry is in the decline stage of its life cycle. Industry value added, which measures the industry's overall contribution to the economy, is expected to decrease 1.0% per year on average during the 10 years to 2019. In contrast, GDP is expected to grow an annualized 2.7% over the same period. Factors such as rising costs (e.g. gasoline) and pressured demand have constrained profit during the period. At the same time, the number of enterprises is expected to increase incrementally at an annualized 0.2% during the 10-year period.
Independent repair and maintenance firms have introduced some new services, such as help-desk support... purchase to read more