The production in the repair of furniture and home furnishings sector in Belgium saw substantial fluctuations between 2013 and 2023, with notable peaks in 2016 and 2017 followed by significant dips in 2018 and 2020. By 2023, the sector was valued at 19.7 million Euros. Year-on-year variations reveal moderate stability, especially in the recent two years with 3.68% growth in 2023 and a 6.74% increase in 2022.
Looking ahead, the forecasted data from 2024 to 2028 indicates a minor declining trend with a -0.2% CAGR. The production value is projected to stabilize around 19.4 million Euros from 2026 to 2028, suggesting a plateau in market growth.
Future trends to watch for include:
- The impact of economic fluctuations on consumer spending for repair services.
- Potential technological advancements in repair processes.
- Shifts in consumer preferences towards sustainable furniture practices which may increase demand for repair services.