Forecast: Motor Vehicles, Motorcycles Wholesale, Retail and Repair Output in the Netherlands

The output for motor vehicles, motorcycles wholesale, retail, and repair in the Netherlands stood at 23.46 billion Euros in 2023. Analyzing the year-on-year growth rates shows a generally positive upward trend over the past decade, despite slight dips in 2014 and 2020. Notably, 2021 experienced the highest growth at 8.48%, signifying a strong recovery post-pandemic. The Compound Annual Growth Rate (CAGR) over the last five years averaged 3.65%, reflecting steady growth.

Looking forward, the forecasted CAGR for the next five years is 1.32%, indicating slower growth compared to the previous period. The overall five-year growth rate is projected to be 6.78%, reaching 25.5 billion Euros by 2028.

Future trends to watch for include:

  • Industry adaptation to electric and autonomous vehicles.
  • Impact of regulatory changes focused on sustainability and emissions.
  • Potential effects of economic conditions and consumer confidence on vehicle sales.
  • Technological advancements in vehicle repair and maintenance services.

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