Key Market Indicators
Swedish Vehicle Registrations are projected to reach approximately 429,000 units by 2028, up from around 422,000 units in 2023. This represents a modest annual growth rate of 0.3%, continuing a trend that has seen the market rise by 0.2% annually since 2010. In 2023, Sweden ranked 43rd globally in vehicle registrations, with the Philippines surpassing it by registering approximately 422,000 units. Leading the rankings, Canada, China, and Austria occupied the second, third, and fourth positions, respectively. Meanwhile, Swedish Vehicle Production is expected to decline, reaching roughly 183,000 units by 2028 from about 198,000 units in 2023. This indicates an average annual decrease of 1.1%. Since 2002, the country's vehicle supply has been shrinking at an average annual rate of 1.4%.
