The production value of wholesale, retail trade, and repair of motor vehicles and motorcycles in Italy was observed at approximately EUR 47.72 billion in 2023. From 2024 onwards, forecasts indicate a gradual annual increase: from EUR 48.47 billion in 2024 to EUR 51.37 billion by 2028. This represents a compound annual growth rate (CAGR) of around 1.4% over the five-year period. Observing year-on-year variations, the production value experiences small but steady increments, reflecting a stable growth trend in the sector.
Future trends to watch for:
- Emergence and expansion of electric vehicles impacting repair services.
- Increased digital retail solutions and their influence on traditional sales methods.
- Potential economic impacts or policies influencing production and trade regulations.
- Sustainability trends driving changes in business operations and consumer preferences.