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Global Repair and Maintenance Market Report (2021 to 2030) - COVID-19 Impact and Recovery - ResearchAndMarkets.com

·4-min read

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%.

Companies Mentioned

  • Arnold Clark Automobiles Limited

  • Caterpillar

  • Apple Inc

  • Encompass Supply Chain Solutions Inc.

  • Asbury Automotive Group

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.

  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.

  • Create regional and country strategies on the basis of local data and analysis.

  • Identify growth segments for investment.

  • Outperform competitors using forecast data and the drivers and trends shaping the market.

  • Understand customers based on the latest market research findings.

  • Benchmark performance against key competitors.

  • Utilize the relationships between key data sets for superior strategizing.

  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

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

5.2. Distribution

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

24. Recommendations

25. Appendix

26. Copyright and Disclaimer

For more information about this report visit https://www.researchandmarkets.com/r/f3kf7s

View source version on businesswire.com: https://www.businesswire.com/news/home/20210128005735/en/

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