The number of enterprises in the repair of motor vehicles and motorcycles sector in Germany shows a consistent downward trend from 2024 through 2028. In 2023, this sector comprised approximately 525,000 enterprises. From 2024 to 2028, the industry is projected to decrease annually, with year-on-year variations reflecting steady declines. The sector will experience an average compound annual growth rate (CAGR) of about -2% over the five-year period.
Future trends to watch for include:
- Increasing digitalization and technology adoption, which could consolidate the sector further.
- Shifts in consumer preferences towards electric vehicles affecting repair needs.
- Regulatory changes impacting the compliance costs for repair enterprises.
