Forecast: Employment in Repair of Motor Vehicles and Motorcycles Sector in Spain

The employment in the repair of motor vehicles and motorcycles sector in Spain has seen various fluctuations from 2013 to 2023, starting at 2.0579 million FTEs and reaching 2.2454 million FTEs in 2023. The year-on-year variation and CAGR figures reveal several trends, with significant growth from 2015 to 2019 and a slight decline or stabilization from 2020 onwards. In 2023, employment slightly decreased by 0.87% compared to the previous year, continuing a trend of minor annual reductions since 2020.

Looking ahead, forecasts indicate a gradual decline in employment for the sector from 2024 to 2028, with an expected decrease to 2.1503 million FTEs by 2028. The forecast five-year CAGR stands at -0.69%, signaling an average annual reduction in employment over this period.

**Future Trends to Watch For:**

  • Technological advancements in vehicle repair may impact labor requirements.
  • The shift towards electric vehicles might alter demand for traditional repair services.
  • Economic fluctuations and regulatory changes could influence sector employment trends.

Top Countries about Auto Repair