The production in the repair of motor vehicles and motorcycles sector in Denmark experienced fluctuations from 2013 to 2023. The sector stood at 372.14 billion Danish Krones in 2023, showing a minimal year-on-year growth of 0.2%. Fluctuations in CAGR over the last five years average about 0.65% annually. The sector has shown a generally stable growth trend, with periodic dips, the most notable being in 2018 with a nearly 6% decline.
Key recent trends include:
- 2.4% decline in 2021
- 0.2% growth in both 2022 and 2023
Forecasted data points to continuous albeit modest growth, with a 5-year CAGR of 0.15% and an overall increase of around 0.76%. Production values are projected to rise gradually, reaching 375.7 billion Danish Krones by 2028.
Future trends to watch for include the impact of technological advancements in automotive repair, shifts towards electric vehicles, and regulatory changes influencing the sector. Additionally, economic fluctuations and consumer behavior towards vehicle maintenance and repair will play crucial roles in shaping future trends.
