In 2023, the turnover in the Repair of Electrical Equipment sector in Germany stood at approximately 1.17 Billion Euros. The forecast from 2024 to 2028 suggests a consistent decline, with the turnover decreasing from 1.13 Billion Euros in 2024 to 0.9726 Billion Euros in 2028. Year-on-year, the sector is expected to decline by approximately 3.54% in 2025, 3.67% in 2026, 3.81% in 2027, and about 3.78% in 2028. Over the five-year period, the compound annual growth rate (CAGR) indicates an average decrease of around 3.03% per year.
Future trends to watch for:
- The impact of technological advancements on electrical equipment, as innovations may reduce the need for repairs.
- Shifts in consumer behavior favoring sustainable options, potentially prolonging equipment lifespan.
- Economic factors affecting investment in maintenance versus new purchases.
- Regulatory changes impacting repair versus replacement preferences.
