In 2023, the number of enterprises within Italy's wholesale and retail trade and repair of motor vehicles and motorcycles sector was slightly above 116,000. From 2024 to 2028, forecasts suggest a slight annual decrease, as the numbers decline incrementally to just under 115,000 by 2028. This represents a year-on-year decrease of roughly 0.27% from 2024 to 2028. The compound annual growth rate (CAGR) over these five years is projected to be -0.29%, indicating a modest but consistent contraction in the sector.
Future trends to watch for include:
- The impact of digital transformation and online sales on traditional retail distribution channels.
- Potential shifts in consumer preferences towards electric vehicles influencing repair and service enterprises.
- Regulatory changes impacting environmental standards and their effect on business operations.