Over the past decade, the employment in the maintenance and repair of motor vehicles sector in Belgium showed fluctuations, peaking in 2015 at 11.17k FTE and reaching a low in 2020 at 8.53k FTE. The year 2023 recorded an employment value of 9.97k FTE. The sector has been experiencing an annual average decline of 0.82% over the recent years (forecasted CAGR from 2024 to 2028). Despite short-term recovery post-2020, the long-term trend remains downward.
Future trends to watch for:
- Technological advancements in vehicle maintenance, such as automation and AI integration, potentially affecting labor demands.
- The rise of electric vehicles (EVs) which may change the nature and frequency of repair needs.
- Economic factors and post-pandemic recovery impacting consumer spending on vehicle maintenance.