In 2023, the number of petrol passenger cars in Denmark stood at 1.9645 million, reflecting a year-on-year variation of 2.22%. The compound annual growth rate (CAGR) for the last five years averaged 2.09%, indicating a steady growth pattern from 2018 to 2023. Forecasts suggest a continued increase, reaching 2.1319 million units by 2028, although the CAGR over the next five years is expected to slow down to 1.3%.

Notable trends include:

A sharp increase of 2.82% in 2021, which marked the peak recent year-on-year growth
A significant deceleration in 2022 with only a 0.31% increase
Renewed moderate growth of 2.22% observed in 2023

Future trends to watch for:

Potential impact of policies favoring electric vehicles, which could slow the growth of petrol passenger cars
Technological advancements in fuel efficiency and hybrid technologies influencing buying patterns
Economic factors and consumer preferences that could either spur or dampen growth