GITNUX MARKETDATA REPORT 2024

Cell Phone Repair Industry Statistics

The cell phone repair industry is experiencing steady growth with an expected compound annual growth rate (CAGR) of around 3% in the coming years.

Statistic 1

"The cell phone repair industry in the US alone has reached $4 billion in revenue in 2019."

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Statistic 2

"An average smartphone owner will spend around $80 to get their phone repaired."

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Statistic 3

"Over 30% of consumers damaged their smartphone in 2017."

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Statistic 4

"Approximately 80 percent of Americans own smartphones."

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Statistic 5

"The screen repair segment of the phone repair industry is expected to dominate over 50% of the market share."

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Statistic 6

"Nearly half of all smartphone users have broken their screen, creating a large demand for repairs and part replacements."

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Statistic 7

"During the COVID-19 pandemic, the cell phone repair industry growth rate was negatively impacted and dropped to 1.6% in 2020."

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Statistic 8

"The average price to get a cracked iPhone screen repaired at a third-party retailer is $100-$150."

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Statistic 9

"Small independent repair companies hold the largest market share with 61.6% and revenue of $880 million in 2021."

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Statistic 10

"The global cellphone repair market is expected to grow with a CAGR of approximately 3% from 2021 to 2026."

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Statistic 11

"The percentage of repairs performed by third-party service providers was nearly 77% in 2019."

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