Employment in the Maintenance and Repair of Motor Vehicles sector in Denmark has shown fluctuations over the last decade. From 2013 to 2023, employment varied significantly, with notable peaks and troughs. A sharp decline occurred in 2020 (-16.7%) due to external factors, followed by a recovery in 2021 (+14.86%). As of 2023, employment stands at 12,060 FTEs, reflecting a minor year-on-year increase of 0.34%. Over the last five years, the compound average growth rate (CAGR) has been slightly negative at -0.094%, indicating overall stability with minor fluctuations.
Looking ahead, forecast data from 2024 to 2028 suggests a stable growth trajectory, with the employment expected to reach 12,240 FTEs by 2028. The anticipated five-year CAGR is 0.29%, indicating moderate growth. Notable future trends to watch for include technological advancements in vehicle maintenance, the transition to electric vehicles, and potential economic impacts that might influence sector employment rates.
