The sold production of electrical equipment repair in Sweden has experienced significant fluctuations from 2013 to 2023. Following a notable decline in 2014 and 2015, the market rebounded sharply in 2016 and continued to grow through 2017 and 2018. Although there was a mild decrease in 2019, the value surged again by 42.12% in 2020. This growth was short-lived as production dropped by 33.96% in 2021, with a modest stabilization observed between 2022 and 2023.
In 2023, the sold production stood at 205.71 million euros. Observing year-on-year variations, the last two years showed slight growth at 3.06% in 2022 and 0.45% in 2023. The compound annual growth rate (CAGR) over the past five years is -3.49%, indicating an average yearly decline in production.
Looking ahead, the forecasted data from 2024 to 2028 suggests a stable but modest growth pattern with a 5-year CAGR of 0.35%. By 2028, the production value is expected to reach 210.23 million euros, representing a 1.74% growth from 2023.
Future trends to watch for include technological advancements in electrical equipment, shifts in industry demand, and potential impacts of environmental regulations. These factors could significantly influence the production and repair landscape, either spurring growth or presenting new challenges in the market.
