From 2013 to 2023, the production in the Repair of Motor Vehicles and Motorcycles sector in Sweden exhibited a steady growth. Starting from 630.34 billion SEK in 2013, it climbed to 934.33 billion SEK in 2023. The annual growth rates varied, with notable peaks in 2014 and 2019 at 6.5% and 5.06%, respectively. The compound annual growth rate (CAGR) over the past five years stood at 3.18% in 2023, reflecting a robust yet slightly decelerating trend.

Looking forward, based on forecasted data up to 2028, the sector is expected to continue growing, albeit at a moderate pace. The forecasted CAGR for the next five years is 1.85%, with an anticipated total growth rate of 9.62% from 2024 to 2028.

Future trends to watch for:

Advancements in vehicle technology, including electric and autonomous vehicles, impacting repair and maintenance requirements.
Increased focus on sustainable practices within the repair sector.
Potential economic fluctuations affecting consumer spending on vehicle maintenance.