Forecast: Turnover in Maintenance and Repair of Motor Vehicles Sector in Finland

The turnover in the Maintenance and Repair of Motor Vehicles sector in Finland has exhibited variable trends from 2013 to 2023. In 2013, the turnover saw a sharp increase of 29.2%, but it declined significantly by 12.32% in 2014. The period from 2015 to 2017 showed moderate year-on-year fluctuations, with values slightly dipping in 2016 but recovering by 8.63% in 2017. Post-2017, turnover experienced minor declines and increases, with a significant 15.59% rise in 2021. From 2021 to 2023, turnover saw consistent growth, reaching a value of 3.69 Billion Euros in 2023.

Looking ahead, the forecasted data shows a continuous upward trend with an average annual growth (CAGR) of 2.26% over the next five years. By 2028, the sector's turnover is projected to reach 4.26 Billion Euros.

Future trends to watch for include:

  • Impact of emerging vehicle technologies and the shift towards electric vehicles on maintenance needs.
  • Potential regulatory and environmental changes affecting the automotive repair industry.
  • Technological advancements in automotive diagnostics and repair techniques.

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