The employment in the Repair of Consumer Electronics sector in the UK has experienced fluctuations from 2013 to 2023. The sector saw notable increases in 2015 and 2016 but faced a significant decline in 2017. From 2019 onwards, the employment numbers showed stability with minor year-on-year changes, though 2020 saw a decline. By 2023, the sector employed 2.46 thousand FTE, reflecting a slight decrease over the previous year.
Year-on-year variations revealed significant growths and contractions throughout the period. Particularly notable were the 31.98% increase in 2015 and the 33.31% decrease in 2017. Likewise, the last two years before 2023 saw marginal contraction (-2.78% in 2022 and -0.81% in 2023).
The Compound Annual Growth Rate (CAGR) over the last 5 years stands at -0.19%, indicating an overall slight downward trend in employment. The forecast from 2024 to 2028 suggests a continuation of this trend with a forecasted CAGR of -0.69%, projecting employment to decline to 2.36 thousand FTE by 2028.
Future trends to watch for include:
- Technological advancements reducing the need for manual repairs.
- Market shifts towards more disposable consumer electronics.
- Potential growth in demand for specialized, high-skill repair services.
- Impact of regulatory changes on repairability and consumer rights.
