The production in the repair of motor vehicles and motorcycles sector in Germany has shown a consistent upward trend from 2013 to 2023, with a few minor fluctuations. Between 2013 and 2023, the value increased steadily, starting at 433.68 billion euros in 2013 and reaching 627.56 billion euros in 2023. Year-on-year variations indicate healthy growth, primarily in the single-digit range, except for a slight dip in 2020 (-0.75%) attributable to external economic factors, likely the COVID-19 pandemic.
Over the last two years, growth has slightly decelerated, with year-on-year variations of 2.28% in 2022 and 2.21% in 2023. Nevertheless, the sector maintained a consistent increase in production value. The CAGR over the past five years (2019-2023) stands at 2.45%, reflecting steady, though moderate, growth.
Looking ahead, forecasted data from 2024 to 2028 suggests continued growth, albeit at a slightly slower rate, with a forecasted 5-year CAGR of 1.58%. By 2028, production value is expected to reach 693.41 billion euros, representing an 8.18% increase from 2023.
Future trends to watch for include the integration of advanced automotive technologies, increased focus on electric vehicles, and regulatory changes impacting the sector. Additionally, shifts in consumer behavior and the evolution of mobility services could further influence production values in this sector.
