Analysis of historical data from 2013 to 2023 for the turnover in the Repair of Communication Equipment sector in Belgium shows significant variation. Key highlights include a sharp decline in 2015 and a continuous downward trend from 2014 onwards, except for a small uptick in 2017 and 2020. The calculated Compound Annual Growth Rate (CAGR) over the recent five years is averaging -16.13%, reflecting a substantial contraction in the industry.
Future trends to watch include increased digitization and potential technological shifts that may reduce demand for repair services. Additionally, the industry may face further challenges with rising costs and changing consumer behavior preferring replacements over repairs. Stakeholders should closely monitor these evolving trends to adapt strategies effectively.