Based on the forecasted data, the turnover for Household Appliances, Home, and Garden Equipment Repair in Sweden shows a consistent decline from 2024 to 2028. Starting at 109.8 million euros in 2024, it decreases steadily each year, reaching 94.9 million euros by 2028. This represents a year-on-year percentage decline of approximately 3.4% in 2025, 3.6% in 2026, 3.7% in 2027, and 3.8% in 2028. Over the last three years, the compound annual growth rate (CAGR) reflects a notable downward trend, emphasizing the sector's contraction.
Future trends to watch:
- Increasing consumer preference for purchasing new appliances over repairing older ones.
- Advancements in technology, leading to more durable household and garden equipment.
- Possible impacts of economic factors such as inflation or changes in disposable income.
- Environmental regulations encouraging repair over replacement could moderate the decline.
