The turnover in the maintenance and repair of motor vehicles sector in Austria has experienced varied growth from 2013 to 2023. The sector showed notable fluctuations, with a significant dip in 2014 (-5.43%) and a peak growth in 2017 (+8.91%). The value stood at 4.94 billion euros in 2023, marking a stable increase over the decade. In the last two years, the sector witnessed incremental growth, with 2022 and 2023 having year-on-year variations of 1.5% and 1.46% respectively. The CAGR over the last five years is at 0.48%, indicating a relatively steady sector with moderate growth.
Forecasts suggest a continued upward trend, with a predicted annual growth rate (CAGR) of 1.08% over the next five years, culminating in a total sector value of 5.29 billion euros by 2028, translating to a total growth rate of 5.5% from 2023. Future market dynamics to watch include advancements in vehicle technology and increased adoption of electric vehicles, which may drive changes in maintenance needs, alongside potential regulatory impacts and shifts in consumer behavior towards sustainability and cost efficiency.
