The turnover of communication equipment repair in the UK is forecasted to increase steadily from 2024 to 2028, starting at 1.14 billion Euros in 2024 and reaching 1.27 billion Euros by 2028. Before 2024, the turnover stood at approximately 1.11 billion Euros in 2023. Year-on-year growth rates are modest but positive, indicating a stable market with growth rates around 2.63% annually. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is expected to be approximately 2.62%.
Future trends to watch include:
- Advancements in communication technology that may reduce the need for repairs.
- Potential regulatory changes impacting repair services.
- The influence of sustainability initiatives encouraging more repairs over replacements.