In 2023, the turnover for consumer electronics repair in Germany was approximately 208 million euros. The forecast indicates a steady decline in turnover, from 191.8 million euros in 2024 to 126.9 million euros in 2028. The year-on-year variation highlights a consistent negative trend, with each subsequent year experiencing a further reduction in value. Over the five-year forecast period, the compound annual growth rate (CAGR) reflects this declining trend, with an average annual decrease in turnover. This suggests a waning demand or possible market shifts impacting the consumer electronics repair industry.
Future trends to watch for include:
- Increasing consumer inclination toward replacement rather than repair.
- Advancements in technology leading to less frequent need for repairs.
- Potential market opportunities in sustainable and eco-friendly repair solutions.