The turnover in the Repair of Motor Vehicles and Motorcycles sector in Finland experienced a general decrease from 2013 to 2015, with values declining from €123.04 billion to €114.12 billion. However, a steady upward trend began in 2016, with increasing values each year, reaching €123.57 billion in 2023. During these last five years, the Compound Annual Growth Rate (CAGR) was 0.77%, indicating moderate growth. The year-on-year variations show minor fluctuations, with notable increases in 2018 and the last few years.
Future projections forecast a continued upward trend, with the turnover reaching €131.05 billion by 2028, marking a forecasted 5-year CAGR of 0.93%. The overall expected growth rate for the next five years is 4.76%.
Future trends to watch for include the adoption of new technologies in repair services, increased regulation affecting maintenance standards, and an evolving market for electric and autonomous vehicles, which could significantly impact the sector's turnover and operational dynamics.
