Between 2013 and 2023, the turnover in the Repair of Furniture and Home Furnishings sector in Sweden showed a general declining trend, dropping from 404.9 million SEK in 2013 to 396.5 million SEK in 2023. Year-on-year variation highlights notable fluctuations: a peak increase of 3.14% in 2014 and a sharp decrease of 4.48% in 2013. Over the last five years (2018-2023), the sector experienced a slight average annual decline, with a CAGR of -0.23%.
The forecasted data from 2024 to 2028 suggests a continued, albeit minor, decrease in turnover. The sector is expected to witness an average yearly contraction of -0.07%, highlighting a stabilization trend compared to previous years. The forecast period's total anticipated decline would be around -0.35% over the next five years.
Future trends to watch for in the sector include:
- Technological advancements enabling more efficient repair techniques.
- Consumer shifts towards sustainable practices, potentially influencing repair and restoration demand.
- Economic factors, including inflation and consumer spending power, that may impact service demand.
