In 2023, the gross investment in the repair of the consumer electronics sector in Belgium stood at €1,000 thousand. By observing the forecast data, it is evident that there will be a decreasing trend in investment over the next five years. The investment is expected to drop successively from €800 thousand in 2024 to €0 thousand by 2028. This results in year-on-year declines of 25% from 2024 to 2025, 33.3% from 2025 to 2026, and 50% from 2026 to 2027, eventually resulting in a complete cessation of investments in 2028. Over the latest 5-year period, the compound annual growth rate (CAGR) is -48.7%.
Future trends to watch for:
• Increasing consumer preference for replacing rather than repairing electronics.• Advances in technology making older electronics obsolete faster.• Potential policy changes or incentives to encourage repair over replacement.• Growing environmental concerns possibly reviving the repair sector.
