In 2023, the total hours worked in the Motor Vehicles and Motorcycles Wholesale, Retail Trade and Repair sector in Germany stood at 8.00 billion hours. From 2024 to 2028, a slight decline is observed with annual figures decreasing marginally year-on-year, indicating a persistently slow contraction in total hours worked. Specifically, the forecasted annual decrease is consistently around 0.13% each year. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) reflects this steady decline.
Future trends to watch for include:
- Technological advancements in automotive industries that could streamline operations and affect labor demand.
- Potential policy changes or economic conditions that may influence labor markets and working hours.
- Shifts toward electric vehicles, impacting job roles and time allocations in the sector.
