In 2023, the turnover of the consumer electronics repair industry in the UK was recorded at a specific value. Moving forward, forecasts indicate a gradual decline in this figure, with the industry expected to see turnovers of 209.02 million Euros in 2024, followed by successive decreases each year, reaching 197.28 million Euros by 2028. The year-on-year variation suggests a steady decline, with the average annual decrease highlighting a worsening trend.

Future trends to watch for:

Increased adoption of circular economy practices may drive demand for repair services over replacements.
Advancements in technology may reduce repair costs, potentially slowing the decline.
Government regulations promoting sustainability and waste reduction could create new market opportunities.