The employment in the Maintenance and Repair of Motor Vehicles Sector in Austria has demonstrated fluctuations over the past decade, influenced by minor annual changes. It peaked in 2013, then showed a slight decline until 2016, recovering notably in subsequent years except for a plunge in 2020 due to unforeseen circumstances. As of 2023, the employment stands at 20.81 thousand FTE, with recent years indicating a stable trend.
Recent employment variations witnessed a significant rebound post-2020, reflecting a +14.5% increase in 2021 and a +5.3% rise in 2022. The 2023 to 2024 projected employment indicates minimal changes, suggesting a consolidation phase. Historical CAGR indicated slight declines and recovery, with the past 5-year CAGR at -0.14%, whereas future projections reveal a mild growth trend with a 0.04% CAGR expected over the next five years.
Future trends to watch for include increased automation and technological advancements, shifts towards electric vehicle maintenance, and environmental regulations potentially impacting employment dynamics in the sector.
