The production in the repair of consumer electronics sector in Sweden has followed a declining trend from 2013 to 2023, marked by consistent reductions almost every year. As of 2023, the sector's production value stood at 164.5 million Swedish Kronas. Historical data shows several significant drops, notably between 2016 and 2017, and again between 2020 and 2021. Despite brief periods of minor recuperation in 2018 and 2019, the overall trend has been negative.
The last two years have seen a year-on-year decline of 3.91% in 2023 and 3.39% in 2022. The compound annual growth rate (CAGR) over the last five years is -6.63%, indicating a steady reduction in the sector's output.
Looking forward, the forecast suggests the sector will continue to shrink, with a forecasted CAGR of -3.25% over the next five years, resulting in an overall reduction of 15.24% by 2028. Future trends to watch for include technological advancements that may reduce the need for traditional repair services, continued market consolidation, and potential shifts towards more sustainable consumer practices favoring repair over replacement, which could influence sector dynamics.
