The production volumes of motor vehicles and motorcycles wholesale, retail trade, and repair in Germany are set to increase from 558.01 billion Euros in 2024 to 588.47 billion Euros in 2028. Compared to the 2023 data, where the industry stood at 550 billion Euros, there is an upward trend evident with a steady year-on-year rise.
- 2024 forecasts a growth of approximately 1.46% from 2023.
- Subsequent years show consistent annual increases, with the 2025-2028 period reflecting similar year-on-year growth patterns of around 1.4% to 1.5%, culminating in a CAGR of about 1.4% over five years.
Future trends to watch for include a potential acceleration in growth driven by technological advancements in the automotive sector, increasing demand for electric vehicles, and changing consumer preferences towards environmentally friendly transportation solutions.
