The UK repair of consumer electronics sector saw fluctuating production values from 2013 to 2023, starting at 201.0 million pounds in 2013. The sector experienced notable drops in 2014 and 2018, with respective declines of -19.45% and -16.81%. Conversely, years like 2015 and 2019 showed positive growth of 14.76% and 10.59% respectively. In 2023, the production value was 176.6 million pounds, marking a -0.51% year-on-year decline.
Over the last two years, the sector experienced minimal yet negative growth, with average yearly contractions reflected by the forecasted five-year CAGR of -0.39%, predicting a cautious but slight decline through 2028.
Future trends to watch for include:
- Technological advancements that might reduce the need for repairs.
- Increasing consumer demand for sustainability, possibly boosting repair services.
- Economic factors impacting consumer spending on new electronics versus repairs.
