The employment in the Maintenance and Repair of Motor Vehicles sector in Germany saw significant fluctuations over the past decade. Starting at 189.33 thousand in 2013, it reached 219.01 thousand in 2023, which showcases a long-term upward trajectory despite certain downturns. Highlights include a marked decline in 2018 by -10.14% and in 2020 by -15.98%, offset by surges like the 15.82% increase in 2021 following the COVID-19 impact. The compound annual growth rate (CAGR) returned to a positive 1.93% by 2023.
With forecasted values rising to 230.97 thousand by 2028, averaging a CAGR of 0.90%, the sector is expected to continue steady growth. Notably, the employment numbers are projected to grow by 4.56% over the next five years.
Future trends to watch for:
- The impact of electric vehicles (EVs) on maintenance and repair jobs
- Technological advancements influencing skills required in the sector
- Economic health and regulatory policies shifting employment dynamics
- Potential supply chain disruptions affecting sector stability
