The employment in the Repair of Motor Vehicles and Motorcycles sector in Norway is projected to slightly decline from 2024 to 2028. In 2023, actual employment stood at 267.37 thousand FTE, with forecasted figures showing a year-on-year decrease. Specifically, employment is expected to fall by 0.23% from 2024 to 2025, 0.23% from 2025 to 2026, 0.23% from 2026 to 2027, and 0.23% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period is negative, with an average decline of 0.23% per year.
Future trends to watch for:
- Technological advancements in automotive repair and maintenance.
- Increased adoption of electric vehicles impacting traditional repair needs.
- Development of digitization and automation in the sector.
- Changes in consumer behavior and regulatory shifts.
