The production in the Maintenance and Repair of Motor Vehicles sector in Austria shows a generally positive trend from 2013 to 2023, with an increase from €2.34 billion to €3.57 billion. Notable annual variations include spikes such as 16.95% in 2017 and dips such as -4.65% in 2020. The sector performance also rebounded post-2020 with an increase of 11.95% in 2021. The year 2023 saw a year-on-year growth of 3.37%, standing at €3.57 billion. Over the last two years, the sector experienced an average annual growth rate (CAGR) of 2.9%.
Looking ahead, forecasts predict a continued positive trend with the value expected to reach €4.14 billion by 2028. The forecasted CAGR for the next five years is 2.33%, indicating modest but steady growth. Trends to watch for include advances in automotive technology, the impact of electric vehicles on maintenance demands, and possible volatility due to economic conditions. Continued focus on environmentally sustainable practices may also shape the future landscape of the sector.
