The UK production in the repair of household appliances and home and garden equipment sector shows a steady upward trend from 2024, starting at £311.76 million, and reaching £333.06 million by 2028. The year-over-year growth rate between 2024 and 2028 ranges around 1.75% to 1.6%, indicating consistent industry expansion. In 2023, the production was £306.70 million. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 1.66%, reflecting moderate growth.
Future trends to watch for include:
- Technological advancements driving service efficiencies and customer demand.
- The impact of sustainability and recycling initiatives on repair services.
- Economic factors influencing discretionary spending on repairs versus new purchases.