The repair of consumer electronics sector in Belgium displayed significant fluctuations in production values from 2013 to 2023, with a notable high of €71.5 million in 2016 and a low of €41.1 million in 2014. The period witnessed both sharp declines and increases, including a 39.65% year-on-year growth in 2016 and a dramatic drop of 35.82% in 2018. By 2023, the sector's value was €56.5 million, experiencing a modest 0.53% year-on-year growth.
Over the last five years, the sector showed resilience with an average annual growth rate (CAGR) of 6.06%. Projections for 2024 and beyond suggest a more stable outlook, with annual production expected to reach €57.7 million by 2028 and a forecasted 5-year CAGR of 0.31%.
Future trends to watch for:
- Increased consumer demand for repairs due to economic conditions promoting thriftiness.
- Advancements in repair technology and techniques.
- Potential impacts of regulatory changes regarding electronic waste and sustainability efforts.
- Continued evolution of consumer electronics, possibly reducing the lifespan of products, thereby influencing repair frequencies.
