Forecast: Number of Persons Employed in Motor Vehicles and Motorcycles Wholesale, Retail Trade and Repar in Germany

As of 2023, the employment in Germany's motor vehicles and motorcycles wholesale, retail trade, and repair sector stood at approximately 6 million persons. The forecasted employment figures suggest a gradual increase over the next five years, reaching 6.10 million by 2028. The year-on-year variations indicate a steady growth of 0.16% from 2024 to 2025, and marginally higher at 0.33% by 2027-2028. The Compound Annual Growth Rate (CAGR) over the five-year period is modest, pointing to stable sectoral growth.

Future trends to watch include advancements in automotive technologies and electric vehicle adoption, which may stimulate shifts in employment structures. Additionally, changes in customer preferences and potential regulatory impacts may further influence employment in this sector.

Top Countries about Retail