In 2023, the turnover in the UK’s repair of computers and peripheral equipment sector was £4.18 billion. The projected data indicates a steady growth from 2024 to 2028, with an average annual growth rate (CAGR) of approximately 2.21%. Year-on-year growth remains consistent, with an annual increase ranging from 2.79% to 2.37% across the projected years.
Trends to watch for in this sector include:
- The impact of technological advancements on repair demand.
- The shift towards circular economy practices, potentially increasing the repair lifespan of devices.
- Potential regulatory changes affecting the repair industry's operating conditions.
- Increasing consumer focus on sustainability might influence market dynamics.
