The employment in the repair of consumer electronics sector in Finland has shown moderate fluctuations between 2014 and 2023, starting from 458 units of full-time equivalents (FTEs) in 2014 and standing at 376 units in 2023. Significant declines were observed in the early years, with a remarkable drop of 21.18% in 2015 and 17.73% in 2016. The sector saw a recovery with slight growths and minor declines in the subsequent years. Particularly noticeable rebounding years were 2017 with a 9.43% growth and 2021 with a 15.71% increase. Recent years indicate more stable growth patterns with 2.22% in 2022 and 1.9% in 2023.
Looking over the last five years, the sector maintained a compound annual growth rate (CAGR) of 1.68% from 2019 to 2023. Forecasts from 2024 to 2028 predict a gradual increase with a forecasted 5-year CAGR of 1.27% and overall growth of 6.53% by 2028.
Future trends to watch for include technological advancements and increased consumer reliance on electronics, which may spur demand for repair services. Additionally, sustainability initiatives promoting repair over replacement could further influence employment positively in this sector.
