The production in the repair of motor vehicles and motorcycles sector in Chile has shown a general upward trend from 2013 to 2023, rising from 21.874 trillion to 37.786 trillion Chilean pesos. The sector saw substantial growth until 2019, experienced a downturn in 2020 likely due to the pandemic, then rebounded significantly from 2021 onward. Year-on-year growth rates revealed a volatile trend with high variations, especially notable in 2020 with a significant decline and a sharp recovery in 2021. The five-year CAGR leading into 2023 reflected moderate growth at 2.06%.

Future trends to watch for include:

Continued but slower growth with forecasted values indicating a CAGR of 1.78% over the next five years.
The sector is expected to reach 42.155 trillion Chilean pesos by 2028, reflecting an overall growth rate of 9.21% from 2023.
Potential impacts of technological advancements and shifts towards electric and hybrid vehicles.
Economic and policy changes influencing consumer spending and business investment in vehicle maintenance and repair.