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.