The production value in the Austrian repair of consumer electronics sector has exhibited a significant declining trend from 2013 to 2023, decreasing from 31.4 million euros in 2013 to 24.2 million euros in 2023. This represents approximately a 23% drop over the past decade. Examining the data, we observe a dip of 21.32% in 2019, followed by a continual decrease, albeit with slight recoveries in 2021. The last two years have seen a continuing reduction with rates of -3.82% in 2022 and -3.97% in 2023. The compound annual growth rate (CAGR) over the last five years is recorded at -5.38%.
Looking ahead, the forecast indicates a persistent downward trend, projecting a decline from 23.2 million euros in 2024 to 19.3 million euros by 2028. The estimated CAGR for the next five years is -3.61%, pointing to an approximate 16.81% overall reduction in value.
Future trends to watch for:
- Technological advancements leading to increased durability of consumer electronics, thus reducing the need for repairs.
- Evolution in consumer behavior, possibly opting more for new purchases over repairs.
- Potential regulatory changes or incentives aimed at promoting electronic recycling and repair, which could influence production values.
