The value added of the motor vehicles and motorcycles wholesale, retail trade, and repair sector in Germany is projected to grow from 340.73 billion euros in 2024 to 366.14 billion euros in 2028. This marks a steady year-on-year growth rate of around 1.88% on average. In 2023, the value stood at 334.5 billion euros, indicating a healthy growth trajectory even during the forecast period, with a Compound Annual Growth Rate (CAGR) of approximately 1.82% over the five years leading up to 2028.
Trends to watch for in the future include:
- The evolving nature of mobility solutions, which might drive shifts in consumer preferences and impact the traditional sales models.
- Technological advancements in electric and autonomous vehicles, possibly expanding the service needs and altering value propositions in repairs and retail sectors.
- Regulatory changes and environmental considerations potentially affecting market dynamics and encouraging greener practices.
