The maintenance and repair of motor vehicles sector in the UK is projected to experience steady growth from 2024 to 2028, starting at £20.36 billion and reaching £21.82 billion. This forecast suggests a consistent year-on-year growth trend of around 2% annually. In 2023, the actual production value of this sector stood at approximately £20.00 billion, indicating a healthy demand for vehicle maintenance and repair services. The compound annual growth rate (CAGR) over the next five years is expected to be around 1.7%.

Future trends to watch for include:

Continued advancements in automotive technology which may lead to increased demand for specialized repair services.
The impact of electric vehicles on traditional maintenance practices could reshape service offerings.
Potential effects of economic factors such as consumer spending behaviors and regulatory changes influencing sector growth.