Industry Analysis & Industry Trends
Fixer-upper
This industry is one of the few that can benefit from weak economic conditions. Therefore, the sluggish economic recovery and persistent high unemployment will present 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 Analysis Chapter
The Electronic and Computer Repair Services industry declined over the past five years. Industry revenue is expected to fall at an average annual rate of 0.8% to $20.6 billion over the five years to 2012, with revenue decreasing an estimated 1.1% from 2011 to 2012. The industry suffers from the increasing affordability of electronics and computers; as prices continue to decrease, consumers and businesses replace products at higher rates. Additionally, per capita disposable income growth after the recession increased the affordability of consumer electronics, leading to demand declines. However, consumers and businesses repaired their communication, computer and electronic equipment at increasing rates during and shortly after the recession to save money, supporting the industry... purchase to read more