In 2023, the UK’s repair of consumer electronics sector employed 3.08 thousand individuals. Forecasts indicate stability, with minor declines expected from 2027, bringing the figure to 3.07 thousand by 2028. This represents an annual decrease of approximately 0.32% over the forecasted period. The sector remains steady with a minimal five-year CAGR due to prevailing trends in electronics usage and repair needs.
Future trends to watch for:
- The impact of technological advancements leading to more repairable electronics.
- Potential shifts due to evolving consumer behavior towards sustainable practices.
- Regulatory changes promoting right-to-repair policies.