In 2023, the turnover in the repair of motor vehicles and motorcycles sector in Germany was less than 2.3178 trillion euros. The forecasted turnover for 2024 is 2.3178 trillion euros, with a steady year-on-year increase reaching 2.4899 trillion euros in 2028. Each subsequent year from 2024 to 2028 shows a consistent rise of approximately 1.87%. The compound annual growth rate (CAGR) over this five-year period is estimated at around 1.81%, indicating steady growth driven by increasing vehicle ownership and aging motorcycle populations.
Future trends to watch:
- Growth in electric and hybrid vehicle repairs.
- Impact of new automotive technologies and digitalization.
- Evolving regulations affecting repair standards and costs.
