The repair of household appliances and home and garden equipment sector in Germany is expected to show steady growth from 2024 to 2028. Starting at 435.8 million Euros in 2024, the turnover is forecasted to reach 460.5 million Euros by 2028. This represents a year-on-year growth rate averaging around 1.8% annually. For historical context, in 2023, the industry's turnover was presumably slightly below 435.8 million Euros, marking the beginning of this growth trajectory. The compound annual growth rate (CAGR) over the five-year forecast period strengthens the view of consistent sector expansion.
Future trends to watch for include the impact of sustainability initiatives and technological advancements. The increase in consumer preference for repair over replacement due to environmental concerns might boost demand. Additionally, innovations in smart home and garden solutions could also influence repair trends, potentially increasing complexity and specialization of services required in this sector.
