Between 2013 and 2023, the turnover for parts and accessories for motor vehicles in Germany has shown a general upward trend, starting at 73.42 billion Euros in 2013 and reaching 95.21 billion Euros in 2023. The CAGR over the last five years reveals growth at an average annual rate of 1.25%. Key variations include a significant dip in 2020 by 11.58% due to the COVID-19 pandemic, followed by a robust recovery in the subsequent years. Specifically, 2021 saw a 12.43% increase, with a steady growth of 6.29% in 2022 and a further 4.85% in 2023.

Looking ahead, from 2024 to 2028, the forecasted data anticipate a continued increase, with CAGR expected to stabilize at 1.73%, leading to a total growth of 8.94% over the five-year period. In 2028, the turnover is projected to reach 106.15 billion Euros.

Future trends to watch for:

Further adoption of electric and hybrid vehicle parts impacting market dynamics.
Technological advancements and automation in the automotive industry.
Regulations and policies aimed at sustainability and carbon emissions.
Global supply chain disruptions and their impact on part availability and costs.