The turnover of household appliances, home, and garden equipment repair in Germany has shown varied trends over the years. From 2013 to 2015, there were fluctuations with a notable decline until 2015. However, there was a significant recovery in 2016 with an 18.59% increase. Between 2018 and 2022, the turnover exhibited an overall increasing trend, reaching 423.3 Million Euros in 2022.
In 2023, the turnover is forecasted to be 429.6 Million Euros, an increase of 1.49% from the previous year. The projected CAGR over the next five years is 1.11%, indicating a steady but modest growth rate. The forecasted turnover for 2028 is 460.5 Million Euros, representing a 5.67% growth rate over the next five years.
The future of the household appliances and home and garden equipment repair market in Germany may be influenced by increased demand for sustainable and energy-efficient products. Additionally, advancements in smart home technologies could drive the need for specialized repair services. Keeping an eye on these trends will be crucial for understanding the market trajectory.
