Employment in the Sale of Motor Vehicles sector in Sweden has generally shown a positive trend from 2013 to 2023. In 2023, the employment stood at 39.08 thousand full-time equivalents, marking a 1.16% year-on-year increase from 2022. From 2018 to 2023, the sector experienced steady growth, with the exception of a significant drop in 2020, attributable to COVID-19 impacts. However, the sector quickly rebounded in 2021.
From 2024 onwards, the sector is forecasted to continue its growth, albeit at a slower pace with a forecasted 5-year CAGR of 0.94%, leading to an estimated employment of 41.32 thousand by 2028. This suggests a stable but gradual upward trend in employment within the sector.
Future trends to watch for include:
- The impact of technological advancements and automation on employment.
- Shifts in consumer preferences towards electric vehicles.
- Potential economic fluctuations affecting vehicle sales and employment.
