Chaotte's FotoPage

By: Chaotte Regino

[Recommend this Fotopage] | [Share this Fotopage]
[Archive]
Friday, 7-Jun-2013 00:35 Email | Share | | Bookmark
Iphone repairs industry growth



The Cell Phone Repair industry experienced a very strong growth over the past five years. Industry revenue is expected to rise at an average annual rate of 10.9%, with 13.7% growth anticipated from 2011 to 2012. It reached total $1.1 billion revenue. Much of this growth has been on the back of the growth in the popularity of smart-phones especially Iphone repairs. Moving forward, however, the increasing affordability of cell phones is encouraging more consumers to purchase new cell phones rather than repairing their existing ones. According to IBIS World industry analyst Nima Samadi, internet enabled smartphones are more expensive than basic feature phones and are therefore more likely to be repaired instead of replaced. Iphones also have fragile LCD (liquid crystal display) screens and touchscreens, inaccessible batteries, with the iPhone being one of the most notorious offenders, 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. The rapid market acceptance of smartphones has created a need for more cell phone repair shops to keep up with this growing market. Over the five years to 2012, the number of cell phone repair shops has grown at an average rate of 6.8% per year to 2,455.



Over the five years to 2017, Iphone repairs revenue is forecast to grow 2.9% per year to reach a half billion. The industry is expected to grow at a slower rate than the previous five years due to rapid technology growth, the falling price of Iphones, and rising disposable incomes all encouraging replacement demand versus Iphone repairs. The emergence of 4G wireless technology (and an increasing number of 4G-enabled devices being released) should encourage a more rapid transition to 4G devices, which will discourage customers from repairing older 3G devices (and instead purchase a new 4G-capable device). Falling prices have also supported demand for new smartphones, providing stronger incentives for consumers to replace their existing cell phones as opposed to repairing them. In addition, it's expected disposable income growth and a rise in consumer sentiment over the next five years will encourage more consumers to simply replace their broken Iphone instead of experiences iphone repairs.



The Iphone repairs, in particular, are highly fragmented and small operators dominate the industry. The top four players are estimated to account for less than 5.0% of industry revenue in 2012, indicating a low industry concentration. There are a large number of small firms in the industry specializing in cell phones repairs services that operate independently and are targeted to serve a small geographic region. Industry concentration has remained relatively stable in the past five years as cell phone repair services are generally owned by small, independent operators. In the past five years, the number of industry establishments has increased an annualized 6.8% to 2,455 in 2012. The high growth in the number of establishments, that provide smartphones repair services, is due to an increased demand for Iphone repairs service as this device is ranked as one of the top used smartphones in the world. http://www.xtremeonline.com.au/repairs. is also the main link for good repairs.

Find out more iphone repairs brisbane



[Archive]

© Pidgin Technologies Ltd. 2016

ns4008464.ip-198-27-69.net