In 2023, the gross investment in the UK repair of computers and communication equipment sector stood at £103.7 million. Based on forecasted data, the sector is expected to grow steadily, reaching £115.1 million by 2028. Year-on-year growth has been forecasted at 2.3% for 2024, with a consistent increase of around 2.1% to 2.2% annually up to 2028. The compounded annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected to be approximately 2.2%.

Future trends to watch for:

Technological advancements may increase the demand for specialized repair skills and services.
The shift towards a circular economy might boost the repair sector as sustainability becomes a critical focus.
Economic factors and consumer spending on new equipment might influence the repair market dynamics.