Global Repair and Maintenance Market Report 2022

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Major companies in the repair and maintenance market include LKQ Corporation, LeasePlan Corporation NV, Xerox Corporation, ADNOC, Monro Muffler Brake, Juniper Networks Inc., Asbury Automotive Group Inc.

New York, 15 Feb. 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Repair and Maintenance Global Market Report 2022” – https://www.reportlinker.com/p06229740/?utm_source=GNW
Nippon Express Co. Ltd., Emcor Group and Fanuc Corp.
The global repair and maintenance market is expected to grow from $1,280.72 billion in 2021 to $1,420.54 billion in 2022 at a compound annual growth rate (CAGR) of 10.9%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $2,066.72 billion in 2026 with a CAGR of 9.8%.

The repair and maintenance market includes sales of repair and maintenance services by entities (organizations, sole proprietorships and partnerships) that provide repair and maintenance services for automotive, personal property , electronics and other products, but excluding aerospace and defense equipment.

The main types of repair and maintenance are automotive repair and maintenance, repair and maintenance of commercial and industrial machinery and equipment, repair and maintenance of electronic and precision equipment, repair and maintenance of personal property. An auto repair shop is a place where auto mechanics and technicians work. on vehicles.

The different modes include online, offline and involve various services such as offsite service, onsite service.

Many personal services employers in Europe, particularly in the UK, are increasingly offering zero-hours contracts to cope with uncertain consumer demand. Zero-hour contracts, also called occasional contracts, allow companies to employ staff without giving a guarantee of work.

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 time off and time off. other benefits. These contracts are becoming increasingly popular due to the flexibility they offer to both employers and employees.

For example, according to the Office for National Statistics, UK, in 2019 the proportions of zero hours for men and women fell from 2.7 percentage points in Q2 to 3.3 percentage points in Q4 . , a significant proportion of these employees are expected to come from the personal services sector, which often employs freelancers on a non-contract basis.

Asia Pacific was the largest repair and maintenance market region in 2021. Western Europe was the second largest repair and maintenance market region.

Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered by the repair and maintenance market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria , Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela and Vietnam.

Read the full report: https://www.reportlinker.com/p06229740/?utm_source=GNW

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