The turnover in the Maintenance and Repair of Motor Vehicles sector in Belgium has shown significant fluctuations from 2013 to 2023. The figures reveal a mix of growth and decline periods, highlighted by a significant dip in 2020, likely due to the COVID-19 pandemic, followed by a recovery phase. In 2023, the sector stood at 4.89 billion Euros, marking a 4.66% year-on-year increase. Over the past five years, the CAGR of 0.59% indicates modest growth. Looking ahead, the forecast suggests a steady upward trend with an average annual increase of 0.7% till 2028, projecting the sector to reach 5.11 billion Euros.

Future trends to watch for:

The impact of electric vehicle adoption on traditional maintenance routines.
Integration of advanced diagnostics and maintenance technologies.
Increasing emphasis on sustainability and eco-friendly repair practices.
Potential influence of economic fluctuations and regulatory changes on the sector.