It is an unavoidable fact that smartphones can, and do, break. When they do, people want to get them repaired, but often the only option they have is to take their device back to wherever they purchased it from and have the merchant return it to the manufacturer.
This process of sending it away, having it repaired, and sending it back can take days, or sometimes weeks if the fault is serious, and this can be frustrating and inconvenient for the owner. Being able to repair smartphones for people in your local area could give you a great opportunity to start your own business, or add a repair service to your existing business if you already deal in electronics or phones.
Trends and Facts About Smartphone & Laptop Repair Business
1. Nearly 52% of the World’s population has Internet access – that’s just under 4 BILLION people. Those numbers are heavily influenced by North America and Europe where Internet penetration is over 80% for each continent.
2. Smartphone & Laptop repair is a major segment of the industry. IBISWorld estimates the yearly revenue of the cell phone repair industry at $4 billion, with an annual growth rate of 3%.
3. SquareTrade, a company that insures smartphones, reports “a cellphone in the U.S. breaks every two seconds.” Fragile LCD assembly, short battery life and other breakable parts also contribute to a stable market for smartphone repair shops. Tablet repair is also quickly gaining market share.
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