The number of persons employed in the wholesale, retail trade, and repair of motor vehicles and motorcycles in Germany is forecasted to increase steadily from 2024 to 2028. The employment level starts at 888,000 persons in 2024 and is projected to reach 905,000 by 2028, showing an annual growth trend. The year-on-year growth is consistently around 0.45% to 0.56%, reflecting a modest increase in employment. The Compound Annual Growth Rate (CAGR) for these five years is estimated to be approximately 0.47%.
Future trends to watch for include technological advancements in vehicle repair and retail, shifts towards electric vehicles impacting employment needs, and evolving consumer preferences that may require sector adaptation. Monitoring economic policies and trade environments will also be crucial as they can significantly influence employment numbers within this sector.
