Forecast: Employment in Repair of Furniture and Home Furnishings Sector in Germany

The employment landscape in Germany's Repair of Furniture and Home Furnishings sector has exhibited notable variation over the past years. In 2023, employment stood at 2.71 thousand Full-Time Equivalents, showing an 8.06% year-on-year increase. Over the last two years, the sector recovered with significant growth, reversing the negative impact experienced in 2020. The five-year CAGR prior to the forecast period is 4.56%, indicating a steady recovery and growth pattern.

Looking ahead to the forecast period (2024-2028), employment in the sector is projected to continue its upward trajectory with a forecasted CAGR of 2.84%, leading to a 15.06% cumulative growth over these five years.

Future trends to watch for:

  • Technological advancements in repair and refurbishment techniques.
  • Shifts in consumer preferences towards sustainability and upcycling.
  • Potential impact of economic uncertainties and regulatory changes on the sector.

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