Forecast: Production in Maintenance and Repair of Motor Vehicles Sector in Germany

In 2023, production in the maintenance and repair of motor vehicles sector in Germany stood at 20.49 billion euros. From 2013 to 2023, the sector displayed a consistent growth trend, with values increasing from 14.4 billion euros in 2013. Despite some year-on-year fluctuations, such as a minor decline in 2020, the compound annual growth rate (CAGR) remained positive, highlighting steady sectoral expansion.

Over the past two years, the year-on-year growth rates were 2.2% in 2022 and 2.13% in 2023, indicating a consistent, albeit modest, upward trend. The 5-year CAGR from 2018 to 2023 averaged at 2.42%, denoting sustainable long-term growth. Future forecasts suggest a slight deceleration in growth, with a 5-year CAGR of 1.53% leading up to 2028 and an overall growth rate of 7.9% over the same period.

Future trends to watch for include:

• Technological advancements in automotive maintenance and repair services
• Increased demand for electric vehicle maintenance
• Potential economic impacts on consumer spending for vehicle repairs