The gross value added for the wholesale, retail, and repair of motor vehicles and motorcycles in France is projected to steadily increase from 281.26 billion Euros in 2024 to 320.2 billion Euros by 2028. Compared to 2023, the industry appears to be on a growth trajectory, though specific figures for 2023 aren't provided. Year-on-year growth shows an average increase of approximately 3-3.5% each year from 2024 to 2028. The compound annual growth rate (CAGR) for this five-year period reflects a consistent upward trend, suggesting a robust expansion in the sector.
Future trends to watch for include:
- The impact of electric vehicle adoption and related policy measures on market dynamics.
- Advancements in automotive technology and digitalization influencing retail and repair services.
- Potential disruptions in supply chains and economic fluctuations affecting consumer demand.
