In 2023, the production value in the repair of motor vehicles and motorcycles sector in the UK stood at 457.12 billion pounds. Since 2024, forecasts show a positive growth trend, with production reaching approximately 504.86 billion pounds by 2028. The year-on-year growth between 2024 and 2025 is approximately 2.07%, and from 2025 to 2026, it is around 1.99%. The five-year compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.92%.
Future trends to watch for:
- Impact of electric vehicle adoption on repair dynamics and demand.
- Technological advancements in vehicle diagnostics and maintenance.
- Changes in consumer behavior towards vehicle ownership and maintenance.
