The number of persons employed in Germany's Repair of Motor Vehicles and Motorcycles sector is forecasted to grow steadily from 2024 to 2028. Starting at 7.25 million in 2024, employment is expected to reach 7.9 million by 2028. This indicates a consistent annual increase in employment numbers, reflecting a robust demand for services in this sector.
Year-on-year, employment is projected to grow by approximately 2.4% to 2.6% from 2024 to 2028, maintaining a healthy expansion rate. Over the five-year forecast, the compound annual growth rate (CAGR) is estimated at roughly 2.2%.
Future trends to watch for in this sector include:
- The impact of technological advancements in automotive repair practices, possibly requiring a more skilled workforce.
- Environmental regulations influencing the types of vehicles and repairs needed.
- Consumer preferences shifting towards electric vehicles which might affect traditional repair service demands.
