The turnover of household appliances, home and garden equipment repair in Austria has shown a declining trend over the past decade. The turnover peaked in 2014 at 55.3 million Euros and mostly decreased afterward, reaching 43.8 million Euros in 2023. Year-on-year variations indicate fluctuating performance, with notable declines in 2015, 2019, and 2020. More recent years have shown slight contractions, with the last two years (2022-2023) reporting small negative growth rates (around 2%). The average annual variation, observed through CAGR over the last five years, stands at around -2.73%.
The forecast for the upcoming years indicates a continual decline in turnover, projected to diminish to 39.8 million Euros by 2028, reflecting an average annual decrease of about 1.53%. The overall five-year growth rate forecast from 2024 to 2028 is expected to be -7.44%.
Future trends to watch for include the increasing integration of smart technologies into household appliances, which may either reduce the need for traditional repair services or shift the demand towards specialized technical repairs. Additionally, sustainability trends and potential regulatory changes promoting repairs over replacements could affect the industry dynamics. Economic factors and consumer behavior towards home and garden equipment will also play crucial roles in shaping the market’s future trajectory.
