From 2013 to 2023, the turnover in the Repair of Motor Vehicles and Motorcycles sector in Austria showed fluctuations with notable variations year-on-year. The period between 2017 and 2019 showed positive growth, reaching a peak turnover of €257.74 billion in 2023. The average Compound Annual Growth Rate (CAGR) over the last five years was 0.7%, indicating steadier growth. Notable variations were seen in 2017 with a growth of 6.19%, whereas 2015 saw a decline of 3%.
Future trends indicate a modest yet consistent growth forecasted through to 2028, with a CAGR of 0.34% and a total anticipated growth rate of 1.69%. Key factors to watch include technological advancements in motor vehicle repairs, sustainable automotive practices, and regulatory changes that may impact industry operations.
