In 2023, the European turnover of consumer electronics repair showcased diverse trends across countries, signaling both growth and decline. France led the market with 324.2 million euros despite a slight decline of -1.84%. Romania experienced substantial growth at 4.15%, reaching 229.4 million euros. The UK and Germany, key markets, displayed mixed dynamics with slight growth and marked decline of 0.57% and -6.33% respectively. Poland exhibited notable growth of 9.83%, marking it as a burgeoning market at 139.5 million euros.
Belgium and Finland recorded moderate growth, while countries like Austria, Denmark, Portugal, Greece, Hungary, and Norway experienced declines ranging from -1.15% to -4.07%. Noteworthy growth was observed in smaller markets, such as Serbia with an 18.64% increase and Bosnia and Herzegovina with a 13.56% rise. Sweden saw the most significant decline at -11.06%, followed by other Eastern European countries showing mixed trends.
Future trends to watch include the consistent rise in Eastern European markets like Romania and Poland, and the recovery potential in Western European markets like France and Germany. The increase in small markets, such as Serbia and Bosnia and Herzegovina, suggests a trend towards market diversification. Emphasis on sustainable repair practices and technology advancements are expected to drive future growth.
Top countries in Turnover of Consumer Electronics Repair by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 324.2 | 2023 | -1.07% | -1.84% | View data |
| 2 | 2 Romania | 229.4 | 2023 | +4.18% | +4.15% | View data |
| 3 | 3 United Kingdom | 211.8 | 2023 | -1.35% | +0.57% | View data |
| 4 | 4 Germany | 208.3 | 2023 | -7.34% | -6.33% | View data |
| 5 | 5 Italy | 195.4 | 2023 | +10.21% | +3.27% | View data |
| 6 | 6 Spain | 190.2 | 2023 | +3.37% | +2.41% | View data |
| 7 | 7 Poland | 139.5 | 2023 | +2.88% | +9.83% | View data |
| 8 | 8 Belgium | 68.3 | 2023 | +2.25% | +4.81% | View data |
| 9 | 9 Finland | 52 | 2023 | +3.38% | +3.97% | View data |
| 10 | 10 Austria | 32 | 2023 | -1.23% | -2.6% | View data |