The European Turnover Index for Motor Vehicles Maintenance and Repair shows significant disparities among countries. In 2023, Lithuania leads with the highest index at 29.81, followed by Romania at 23.01 and Croatia at 20.33. Other notable countries include Poland and Latvia with indices of 18.3 and 17.19, respectively. Western European countries like France, Germany, and Italy have lower indices around the 12-14 range. Year-on-year changes from 2022 indicate a remarkable increase of 18.76% in Lithuania, displaying the highest growth momentum, while Bulgaria and Italy experienced minimal growth.
Future trends to watch include the continued growth in Eastern European countries, driven by increasing vehicle ownership and higher demand for maintenance services. Technological advancements in automotive repairs and maintenance may further influence turnover indices. However, market saturation and economic conditions could level out growth in more developed markets like Germany, France, and Italy.
Top countries in Turnover Index of Motor Vehicles Maintenance and Repair by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 298.1 | 2022 | +28.49% | +18.76% | View data |
| 2 | 2 Romania | 230.1 | 2022 | +10.73% | +7.96% | View data |
| 3 | 3 Croatia | 203.3 | 2022 | +11.34% | +7.4% | View data |
| 4 | 4 Poland | 183 | 2022 | +27.53% | +10.86% | View data |
| 5 | 5 Latvia | 171.9 | 2022 | +16.94% | +7.65% | View data |
| 6 | 6 France | 143.6 | 2022 | +8.13% | +5.42% | View data |
| 7 | 7 Czech Republic | 141.3 | 2022 | +10.3% | +3.92% | View data |
| 8 | 8 Norway | 137.8 | 2022 | -1.15% | +4.54% | View data |
| 9 | 9 Belgium | 136.7 | 2022 | +8.75% | +3.52% | View data |
| 10 | 10 Netherlands | 132.4 | 2022 | +11.82% | +3.83% | View data |
