The turnover in the maintenance and repair of motor vehicles sector in Spain has shown variable trends from 2013 to 2023, standing at 12.21 Billion Euros in 2023. From 2013 to 2015, the sector experienced a decline and subsequent recovery with a CAGR of -2.86%. Between 2016 and 2019, there was strong growth, with the CAGR increasing to 5.5%. A notable decline occurred in 2020 due to external factors such as the global pandemic, followed by a rebound in the subsequent years, leading to a CAGR of 3.82% in 2023. The forecast from 2024 onwards predicts a continued rise, reaching 14.52 Billion Euros by 2028, with a forecasted 5-Year CAGR of 2.75%.

Factors that will influence future trends include:

Increased adoption of electric vehicles and the corresponding need for specialized repairs.
Technological advancements in vehicle diagnostics and repair techniques.
Regulatory changes regarding vehicle maintenance standards and environmental norms.
Economic conditions influencing consumer spending on vehicle maintenance.
Adoption of preventative maintenance services enabled by IoT and connected vehicle technologies.