The maintenance expenditure on road transport vehicles in Finland showed considerable fluctuations from 2013 to 2023. In 2023, the value stood at 570.76 Million Euros. Notable trends include a decline in 2020 by 16.19%, followed by a recovery with a 15.54% increase in 2021 and a continued modest growth, culminating in a 0.89% rise in 2023. Over the last two years, the increases were more stable, with an average CAGR of 0.44% over the past five years.
Looking ahead to 2024-2028, forecasts predict steady growth with an average CAGR of 0.73%, leading to an overall growth rate of 3.68% by 2028. This points towards a stable upward trajectory in maintenance expenditure.
Future trends to watch for include:
• Advances in vehicle technology and their impact on maintenance costs.
• Economic factors affecting consumer spending and vehicle ownership.
• Regulatory changes influencing maintenance standards and practices.
