Forecast: Employment in Repair of Motor Vehicles and Motorcycles Sector in Austria

Analysis of Employment in the Repair of Motor Vehicles and Motorcycles Sector in Austria shows a relatively stable growth with some fluctuations over the past decade. The employment stood at approximately 492.28 thousand FTE in 2023.

From 2013 to 2019, the sector saw a modest increase with a compound annual growth rate (CAGR) peaking at 0.86% in 2019. Notably, there was a slight decline in 2020 by -1.51%, likely due to the pandemic. However, the sector rebounded with steady growth between 2021 and 2023, showing year-on-year variations of 0.74%, 0.41%, and 0.4%, respectively.

The forecasted data from 2024 to 2028 suggests further growth in employment, with an expected CAGR of 0.31% over the next five years and an overall growth rate of 1.55%.

Future trends to watch for may include:

  • The impact of technological advancements in vehicle maintenance and repairs.
  • The shift towards electric vehicles and how it affects employment demands in the sector.
  • Potential economic shifts and their effects on consumer spending and vehicle ownership.
  • Regulatory changes influencing the automotive industry and employment standards.

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