Based on the provided forecast, the turnover of consumer electronics repair in Norway shows a consistent decline from 2024 to 2028. The turnover in 2024 is 17.5 million euros, decreasing to 14.2 million euros by 2028. This represents a year-on-year decrease of approximately 4.6% in 2025, 5.4% in 2026, 5.1% in 2027, and 5.3% in 2028. The Compound Annual Growth Rate (CAGR) over these five years highlights an average annual decrease of around 5.1%.
Looking forward, key trends to watch include the increasing durability and declining prices of new consumer electronics, the growth of DIY repair culture, and changes in consumer behavior favoring replacement over repair, driven by more affordable and innovative technologies. Monitoring regulatory changes, such as right-to-repair laws, will also be important as these could impact the demand for professional repair services.
