From 2013 to 2023, Germany's employment in the Repair of Motor Vehicles and Motorcycles sector saw a steady increase, peaking at 5.0734 million Full-Time Equivalents (FTE) in 2023. Year-on-year variations showed fluctuating growth, with notable increments in 2015 (5.14%), 2021 (4.14%), and 2022 (1.5%). The Compound Annual Growth Rate (CAGR) over this ten-year period generally mirrors moderate growth trends.
Looking forward from 2023 to 2028, forecasts indicate a continued rise in employment, reaching an estimated 5.4276 million FTE by 2028. The forecasted CAGR for this period is 1.07%, suggesting steady yet modest growth. The five-year growth rate is expected to be 5.48%.
Future trends to watch for:
- Technological advancements and automation in vehicle repairs.
- Impact of electric vehicles on traditional repair needs.
- Regulatory changes and their effects on the sector.
- Employment challenges in aligning workforce skills with new technologies.
- Market consolidation and its impact on employment dynamics.
