In 2023, the value added of wholesale, retail, and repair of motor vehicles and motorcycles in France was approximately 35.56 billion euros. The forecasted growth shows a steady upward trend with values increasing year-on-year from 36.37 billion euros in 2024 to 39.72 billion euros in 2028. This represents a compound annual growth rate (CAGR) of about 2.7% over this period. The consistent year-on-year growth suggests a resilient sector with positive outlooks driven by factors such as increased vehicle demand and technological advancements in the automotive industry.
Future trends to watch for include:
- Technological innovation in vehicle repair and maintenance services.
- Increasing integration of digital retail platforms in the automotive sector.
- Growing emphasis on sustainable and electric vehicle markets.
- Regulatory impacts on automotive trade and repair services.
