The wages and salaries for parts and accessories for motor vehicles in Finland stood at 39.8 Million Euros in 2023, showing a slight decline from the previous years. From 2013 to 2023, the sector experienced several fluctuations, demonstrating occasional growth spurts such as in 2018 and 2019, but generally trending towards stabilization and slight decline. The year-on-year variation over the last two years showed a negative trend at -0.75%, and the compound annual growth rate (CAGR) over the last 5 years stands at 0.93%.
Future forecasts from 2024 to 2028 predict a continuing gradual decline, with the 5-year CAGR projected at -0.3% and a total growth decline of -1.52%. Key trends to watch for include advancements in automotive technology, potential increases in electric vehicle production, and fluctuations in the global supply chain, which could collectively influence wages and salaries within the industry.
