In 2023, the wholesale, retail, and repair of motor vehicles and motorcycles sector in Italy registered a notable performance prior to the forecast period. With the forecast beginning in 2024 at 406.72 billion Euros, the sector is expected to show a steady growth trend over the next five years.
The projected year-on-year increase from 2024 to 2025 is approximately 2.17%, followed by continual increment rates of around 2.11% leading up to 2028. The Compound Annual Growth Rate (CAGR) over this forecast period is estimated to be roughly 2.10%, suggesting stable sector health and expansion.
Future trends to keep an eye on include:
- The shift to electric vehicles, which could alter market dynamics and repair landscapes significantly.
- Potential legislative changes impacting the automotive trade and environmental norms.
- Technological advancements in automotive retail and repair processes, threatening traditional business models.
