As of 2023, there were approximately 3,000 enterprises in the household appliances, home, and garden equipment repair sector in Italy. The forecasted data indicates a consistent, albeit gradual, decline from 2.95 thousand enterprises in 2024 to 2.81 thousand by 2028. This represents a slight year-on-year decrease, highlighting a challenging period for the industry. The compound annual growth rate (CAGR) over the forecasted period suggests a steady downward trend in the number of enterprises.
Future trends to watch for:
- Increased competition from online retailers and DIY solutions may further impact the number of enterprises.
- Technological advancements in smart home appliances could offer new service opportunities, potentially offsetting the decline.
- Sustainable consumer behavior could stimulate demand for repair services, slowing the decrease in enterprises.