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.