Key Market Indicators
Finnish vehicle registration is projected to hit approximately 407,000 units by 2028, up from around 276,000 units in 2023. This marks an average annual growth rate of 6.1%. Since 2010, the Finnish market has increased at an average rate of 11.1% per year. In 2023, Finland was ranked 49th in vehicle registration, with the Czech Republic leading at the same figure of 276,000 units. Following closely were Canada, China, and Austria, occupying the second, third, and fourth positions, respectively. Meanwhile, Finnish vehicle production is expected to reach nearly 180,000 units by 2028, growing from about 144,000 units in 2023. This represents a compound annual growth rate (CAGR) of 3.5%. Since 2002, Finland's vehicle production has grown by an average of 5.2% per year. In 2023, Finland was ranked 35th in vehicle production, with Austria surpassing it with the same production figure of 144,000 units. The United States, Japan, and Germany were the leading nations in this ranking, holding the second, third, and fourth spots, respectively.
