From 2013 to 2023, the production in France's Repair of Furniture and Home Furnishings sector has shown a steady decline, with values decreasing from 252.9 Million Euros in 2013 to 161.9 Million Euros in 2023. Despite a few positive year-on-year variations, such as a 17.68% increase in 2018, the general trend has been downward with notable decreases in years like 2015 (-16.44%) and 2017 (-11.24%). The Compound Annual Growth Rate (CAGR) over the last five years is -2.63%, indicating a continuous negative performance.
The forecast from 2024 to 2028 expects a continued but slightly slower decline in production values, with an average annual reduction (CAGR) of about -0.67%. By 2028, the sector is projected to decrease to 155.3 Million Euros.
Future trends to watch for:
- The influence of economic recovery or downturn on consumer spending on furniture repairs.
- The impact of sustainability trends that may drive demand for repair services versus purchasing new items.
- Technological advancements in repair processes and materials.
