In 2023, the turnover of consumer electronics repair in Belgium stood at approximately 68.5 million Euros. The forecasted data reflects a gradual year-on-year increase in turnover, with the values expected to rise from 69.9 million Euros in 2024 to 76.0 million Euros by 2028. The variations over the last two years show a consistent growth, indicating a steady demand for repair services in the consumer electronics sector.
Key observations:
- 2024 to 2025: 2.1% increase
- 2025 to 2026: 2.1% increase
- 2026 to 2027: 2.2% increase
- 2027 to 2028: 2.0% increase
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 2.1%, reflecting a stable upward trend.
Future trends to watch for include advancements in consumer electronics technology that could alter repair needs, the impact of sustainability initiatives encouraging longer device lifespans, and economic factors influencing consumer spending on repairs versus replacements.
