The "Repair and Maintenance Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global repair and maintenance market as it emerges from the COVID-19 shut down.
The global repair and maintenance market is expected to grow from $1172. 05 billion in 2020 to $1261. 56 billion in 2021 at a compound annual growth rate (CAGR) of 7. 6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1643. 07 billion in 2025 at a CAGR of 7%.
Arnold Clark Automobiles Limited
Encompass Supply Chain Solutions Inc.
Asbury Automotive Group
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The repair and maintenance market consists of sales of repair and maintenance services by entities (organizations, sole traders and partnerships) that provide repair and maintenance services for automotive, personal goods, electronics and other products but excluding aerospace and defense equipment. The repair and maintenance market is segmented into automotive repair and maintenance; commercial and industrial machinery and equipment repair and maintenance; electronic and precision equipment repair and maintenance; and personal goods repair and maintenance.
Asia Pacific was the largest region in the global repair and maintenance market, accounting for 36% of the market in 2020. Western Europe was the second largest region accounting for 29% of the global repair and maintenance market. Africa was the smallest region in the global repair and maintenance market.
Many personal services employers in Europe, especially in the UK are increasingly offering zero-hours contracts to deal with uncertain consumer demand. Zero-hours contracts also known as casual contracts enables companies to employ staff without giving work guarantee. Employees are given little notice before shifts, they are called to work whenever there is "piece work " or "contract work", they are generally not offered leaves and other employee benefits. These contracts are increasingly becoming popular owing to flexibility it offers to both employers and employees. For instance, according to the Office for National Statistics, UK, there was a 14% increase in zero-hours contracts from 2015 and 30% increase in zero hours contracts from 2016, a significant proportion of these employees are expected to be from the personal services industry which often employ free lancers on a non-contractual basis.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Repair and Maintenance Market Characteristics
4. Repair and Maintenance Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Repair and Maintenance Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Repair and Maintenance Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Repair and Maintenance Market Trends and Strategies
8. Impact of COVID-19 on Repair and Maintenance
9. Repair and Maintenance Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.3. Forecast Market Growth, Value ($ Billion)
10. Repair and Maintenance Market Regional Analysis
10.1. Global Repair and Maintenance Market, 2020, by Region, Value ($ Billion)
10.2. Global Repair and Maintenance Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Repair and Maintenance Market, Growth and Market Share Comparison, by Region
11. Repair and Maintenance Market Segmentation
12. Repair and Maintenance Market Segments
13. Repair and Maintenance Market Metrics
14. Asia-Pacific Repair and Maintenance Market
15. Western Europe Repair and Maintenance Market
16. Eastern Europe Repair and Maintenance Market
17. North America Repair and Maintenance Market
18. South America Repair and Maintenance Market
19. Middle East Repair and Maintenance Market
20. Africa Repair and Maintenance Market
21. Repair and Maintenance Market Competitive Landscape
21.1. Competitive Market Overview
21.2. Market Shares
21.3. Company Profiles
22. Key Mergers and Acquisitions in the Repair and Maintenance Market
23. Market Background: Services Market
26. Copyright and Disclaimer
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View source version on businesswire.com: https://www.businesswire.com/news/home/20210128005735/en/
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