Based on the data, the number of enterprises in the repair sector for household appliances and home and garden equipment in Germany is predicted to remain stable from 2024 through 2027 at approximately 1.19 thousand enterprises, before slightly decreasing to 1.18 thousand in 2028. In 2023, the actual number of enterprises was also 1.19 thousand, showing no variation year-on-year for up to 2027, and a slight decrease of 0.84% by 2028. Over the five-year forecast period, the Compound Annual Growth Rate (CAGR) reflects a stable market with a minor negative deviation in the final year noted.
Future trends to watch for include:
- Technological advancements in appliance repair techniques potentially influencing enterprise operations.
- The evolving preference for sustainable living impacting demand for repair services.
- Possible shifts in consumer behavior towards repairing rather than replacing appliances.