In 2023, the Repair of Household Appliances and Home and Garden Equipment sector in the UK had 1.25 thousand enterprises. The forecast for 2024 to 2028 shows a steady growth trend, with enterprise numbers rising from 1.27 thousand in 2024 to 1.36 thousand by 2028. Year-on-year growth is expected to be consistent, with a CAGR of approximately 1.70% over the five-year period from 2024 to 2028.
Future trends to watch for include:
- Technological advancements driving increased repair capabilities.
- The impact of sustainability efforts, potentially increasing repair demand over new purchases.
- The influence of economic conditions on consumer spending in maintenance services.