In 2023, the wages and salaries for the repair of household appliances, home, and garden equipment in the UK stood at 82.9 million Euros. From 2024 onward, forecasts indicate a steady increase, reaching 90.2 million Euros by 2028. This represents a compound annual growth rate (CAGR) of approximately 1.73% over this period.
Year-on-year increases show a consistent upward trend: 1.8% from 2024 to 2025, 1.87% from 2025 to 2026, 1.72% from 2026 to 2027, and 1.58% from 2027 to 2028, reflecting stability in wage growth.
Future trends to watch for:
- Technological advancements potentially reducing the need for repairs.
- Shifts in consumer behavior towards purchasing new products rather than repairing older ones.
- Impact of economic conditions, such as inflation, on wage adjustments.
- Government policies affecting employment and wages in this sector.
