In 2023, the wages and salaries for the repair of watches, clocks, and jewelry in Germany stood at approximately 8.6 million euros. Forecasted values from 2024 to 2028 indicate a mild decline, reaching 8.4 million euros. The stagnant figures from 2024 to 2028 suggest minimal fluctuation, with a noticeable year-on-year decrease in 2026 and 2027. Overall, there is an average CAGR reflecting almost negligible variation over the five years, indicative of a stable market segment with modest adjustments.
Future trends to watch for:
- The impact of technological advancements on repair processes and required skill sets.
- Shifts in consumer purchasing behavior towards eco-friendly products and services.
- The potential influence of economic conditions on discretionary spending and repair services demand.
