The repair of consumer electronics sector in Finland has experienced fluctuations over the past decade. From 2014 to 2016, production values decreased, hitting a low in 2016. A rebound occurred from 2017, reaching 46.0 million euros in 2021. The production value steadily increased to 49.1 million euros in 2023. Analysis of year-on-year variations shows significant decreases in 2015 and 2016, a robust recovery in 2017, and moderate to strong growths from 2019 and onwards. Over the last two years, the sector saw growth rates of 3.26% and 3.37%, with a five-year CAGR of 4.08% leading up to 2023.
Looking ahead, the sector is forecasted to maintain steady growth from 2024 to 2028, with production reaching 56.9 million euros by 2028. The expected average yearly growth (CAGR) over this period is 2.33%, showing a positive, albeit moderate, upward trend.
Future trends to watch for in this sector include:
- Advancements in consumer electronics technology, potentially increasing demand for specialized repair services.
- Sustainability initiatives and regulations encouraging the repair and reuse of electronic devices rather than discarding them.
- Impact of global supply chain issues on the availability of spare parts and components.
