Key Market Indicators
Swedish car registrations are projected to reach approximately 314,000 units by 2028, up from around 307,000 units in 2023. This growth reflects an average annual increase of 0.3%. However, since 2010, the demand for cars in Sweden has seen a yearly decline of 2.8%. In 2023, Sweden ranked 39th in car registrations, with the United States surpassing it with the same number of units. Indonesia, Austria, and Belgium held the second, third, and fourth positions, respectively. On the production front, Swedish car output is expected to decrease to about 245,000 units by 2028, down from nearly 266,000 units in 2023. This translates to an annual decline rate of 1.3%. Since 2002, car production in Sweden has been falling at an annual rate of 1.8%. In 2023, Sweden was ranked 28th in car production, trailing behind Uzbekistan, which produced the same number of units. Japan, Germany, and India secured the second, third, and fourth spots in this category, respectively.
