The forecasted gross investment in the repair of household appliances and home and garden equipment sector in Germany remains constant at 10.3 million euros annually from 2024 through 2028. This steady investment level suggests a stabilization in the market. Assuming no significant change occurred from 2023 to 2024, the value was likely maintained at 10.3 million euros in 2023 as well.
With no year-on-year variation, the sector is expected to exhibit no growth or decline over this five-year period, indicating a 0% CAGR. This could imply a mature market with established demand.
Future trends to watch for include:
- Technological advancements in smart home appliances potentially revitalizing demand for repairs.
- Environmental regulations pushing for repairability over replacement, influencing investment levels.
- Economic factors affecting consumer spending power, thereby impacting repair market size.