In 2023, the value added of the wholesale, retail, and repair of motor vehicles and motorcycles in Germany was 54.07 billion euros. Moving forward, the forecast data indicates a positive growth trend from 2024, beginning at 54.86 billion euros and reaching 58.9 billion euros by 2028. Year-on-year variations suggest a steady increase of around 1.9% annually. The compound annual growth rate (CAGR) over this five-year period is approximately 1.8%, reflecting a moderate but consistent expansion in the sector.
Future trends to watch for include technological advancements in vehicle automation and electrification, increased focus on sustainable practices, and shifts in consumer preferences towards digital retail channels. These factors could significantly influence market dynamics and shape industry growth.
