The turnover of household appliances, home and garden equipment repair in Belgium has shown significant volatility over the past decade. From 2013 to 2017, the sector experienced fluctuations with notable peaks and troughs, with the highest growth in 2014 (+26.5%) and the lowest in 2017 (-30.13%). A remarkable increase was observed in 2018 with turnover more than doubling, followed by stabilization in the subsequent years. Over the past five years, the compound annual growth rate (CAGR) declined, indicating a contracting market. In 2023, the turnover stood at 15.9 million Euros.
Looking ahead, the forecasts for 2024 to 2028 suggest a slight downward trend with the market expected to decrease marginally by an average of 0.25% per year. By 2028, turnover is anticipated to be around 15.7 million Euros, showing a minor yet consistent decline in market growth.
Future trends to watch for include technological advancements in household appliances which may reduce the need for repairs, increasing consumer preference for new purchases over repairs, and the potential influence of sustainability trends encouraging repair over replacement of household items.
