The employment in the maintenance and repair of motor vehicles sector in Norway has seen varied trends over the past decade. Starting from 19.57 thousand FTEs in 2013, it rose to 21.26 thousand in 2023. Notable fluctuations include a significant drop of 16.51% in 2020, likely due to the pandemic, followed by a strong recovery with a 15.11% increase in 2021. The sector experienced a steady growth from 2021 to 2023, with a 5-year CAGR of 0.54%.
Future trends to watch for:
- Technological advancements in electric and autonomous vehicles influencing service demand.
- Potential consolidation within the sector driven by increased automation.
- Environmental regulations impacting the type and frequency of repairs needed.