The number of enterprises in the UK's watches, clocks, and jewellery repair sector is forecasted to grow steadily from 357 in 2024 to 365 by 2028. Although we do not have the actual 2023 figures, the forecast indicates an average annual growth rate (CAGR) leading up to 2028. The data shows a consistent year-on-year increase of approximately 0.56%.
Looking ahead, potential trends include:
- Increased digitalization of services and customer interactions
- Consumer interest in sustainable and repair-friendly products
- Potential impacts of economic conditions on consumer spending in luxury repairs
