The number of enterprises involved in electrical equipment repair in Germany is projected to increase steadily from 2024 to 2028. In 2024, there are expected to be 765 enterprises, climbing to 820 by 2028. This represents a consistent growth trend with an average annual increase in enterprise numbers.
The year-on-year growth from 2024 to 2025 is approximately 2%, with similar increases each subsequent year, indicating a stable and positive market expansion. From 2023, where actual data should have shown around 750 enterprises, the CAGR from 2024 to 2028 suggests strong market confidence and continuous growth at about 1.75% annually.
Future trends to watch for include:
- Technological innovations enhancing repair methodologies.
- Government policies impacting the repair industry.
- Changes in consumer behavior towards repair versus replacement.
- Green initiatives that might spur growth in repairing electrical equipment rather than discarding.