In 2023, the production volumes of Italy's motor vehicles and motorcycles wholesale, retail trade, and repair stood at approximately 374 billion euros. The forecasted figures from 2024 to 2028 show a steady growth trajectory, starting at 378.45 billion euros in 2024 and reaching 392.54 billion euros by 2028. This represents a consistent annual increase of around 1%, with a Compound Annual Growth Rate (CAGR) of about 1% over the five-year forecast period.
Future trends to watch for in this sector include:
- The adoption of electric vehicles and its impact on both production volumes and aftermarket services.
- Regulatory changes and incentives that could affect sales and production trends.
- Technological advancements in vehicle connectivity and their influence on market demand.