Repair and Maintenance Market Offers Zero-Hour Contracts To Deal With Uncertainty
The Business Research Company’s Repair And Maintenance Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
LONDON, GREATER LONDON, UK, February 2, 2022 /EINPresswire.com/ — 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, enable 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 the flexibility it offers to both employers and employees. For instance, according to the Office for National Statistics, UK, the zero hour proportions for male and female people had increased from 2.7 percentage points in Q2 to 3.3 percentage points in Q4., 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.
The global repair and maintenance market size is expected to grow from $1.28 trillion in 2021 to $1.42 trillion in 2022 at a compound annual growth rate (CAGR) of 10.9%. Repair and maintenance market 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 $2.06 trillion in 2026 at a CAGR of 9.8%.
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Asia Pacific accounts for the largest repair and maintenance market share. Western Europe is the second-largest region in repair and maintenance market. The regions covered in the market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major players covered in the global repair and maintenance industry are LKQ Corporation, LeasePlan Corporation N.V., Xerox Corporation, ADNOC, Monro Muffler Brake, Juniper Networks Inc, Asbury Automotive Group Inc., Nippon Express Co. Ltd., Emcor Group and Fanuc Corp.
TBRC’s global repair and maintenance market research report is segmented by type into automotive repair and maintenance, commercial and industrial machinery and equipment repair and maintenance, electronic and precision equipment repair and maintenance, personal goods repair and maintenance, by mode into online, offline, by service into off-site service, on-site service.
Repair And Maintenance Global Market Report 2022 – By Type (Automotive Repair And Maintenance, Commercial And Industrial Machinery And Equipment Repair And Maintenance, Electronic And Precision Equipment Repair And Maintenance, Personal Goods Repair And Maintenance), By Mode (Online, Offline), By Service (Off-Site Service, On-Site Service) – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides a repair and maintenance market overview, forecast repair and maintenance market size and growth for the whole market, repair and maintenance market segments, geographies, repair and maintenance market trends, repair and maintenance market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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Personal Goods Repair And Maintenance Global Market Report 2022 – By Type (Home And Garden Equipment Repair And Maintenance, Appliance Repair And Maintenance, Reupholstery And Furniture Repair, Footwear And Leather Goods Repair, Other Personal And Household Goods Repair And Maintenance), By Mode (Online, Offline), By Service Type (Inspection, Maintenance, Repair) – Market Size, Trends, And Global Forecast 2022-2026
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