Forecast: Production in Maintenance and Repair of Motor Vehicles Sector in France

Between 2013 and 2023, the production value in the maintenance and repair of motor vehicles sector in France indicated a steady increase from 8.25 billion euros to 14.68 billion euros. Notable year-on-year variations include a significant rise of 34.47% in 2017 and a decrease of 23.67% in 2018. The past two years have shown stable growth with increases of 3.9% in 2022 and 3.72% in 2023. The compound annual growth rate (CAGR) over the last five years (2018 to 2023) stands at 6.47%.

Future trends to watch for:

  • Forecasted production values indicate continued growth, reaching 17.23 billion euros by 2028.
  • A modest average annual increase of 2.54% is expected over the next five years.
  • Market dynamics such as technological advancements, regulatory changes, and evolving consumer behaviors should be closely monitored to understand potential impacts on the sector.

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