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

The Germany Repair of Furniture and Home Furnishings sector has demonstrated fluctuating growth over the past decade. From 2013 to 2017, the sector showed robust expansion, peaking in 2017. This was followed by slight declines in 2018 and 2019. The most significant drop occurred in 2020, coinciding with the global pandemic. However, the sector rebounded through 2021 and 2022, culminating in a value of 260.7 million Euros in 2023, reflecting a year-on-year growth of 8.99%. The CAGR over the last five years stands at 2.11%, indicating moderate annual growth.

Future trends to watch for include:

  • Forecasts predict a steady growth with a 5-year CAGR of 2.88%, suggesting a positive outlook for the sector.
  • Technological advancements and sustainability trends may drive new demand for furniture repair services.
  • Consumer preferences towards eco-friendly and cost-effective home furnishings could further boost the sector's growth.

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