In 2023, the number of employees in Italy's repair of household appliances and home and garden equipment sector was slightly below the forecast for 2024, which stands at 2.63 thousand employees. Forecasts from 2024 to 2028 indicate a modest but steady year-on-year increase of 0.38%. Over this five-year period, the compound annual growth rate (CAGR) remains consistent at approximately 0.38% annually, reflecting a slowly growing industry.
Future trends to watch for:
- Potential technological advancements enhancing repair efficiency.
- Growing consumer interest in sustainability might increase repair over replacement.
- Possible economic factors affecting disposable income and consumer repair preferences.
- Policy changes or incentives promoting repair services as a sustainable option.