Based on the provided data, the turnover in the Repair of Motor Vehicles and Motorcycles sector in Belgium is forecasted to grow steadily from 2024 to 2028. In 2023, the turnover was 521.25 billion Euros, increasing to 531.4 billion Euros in 2024. The projected growth rates are:
2024 to 2025: 1.92%
2025 to 2026: 1.87%
2026 to 2027: 1.81%
2027 to 2028: 1.76%
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.84%.
Future trends to watch for include the increasing adoption of electric vehicles, which may impact the nature of repair services, and the integration of advanced diagnostic technologies that could drive efficiency and service quality in the sector.
