The market for passenger vehicles with spark-ignition engines of a cylinder capacity of less than 1,500 cm³ in Sweden has shown a general upward trend from 2013 to 2023, reaching a volume of 120.23 thousand units in 2023. Over the last two years, the market exhibited moderate growth, with a year-on-year increase of 8.3% in 2022, and 2.75% in 2023. The five-year compound annual growth rate (CAGR) stood at 2.69%, reflecting a steady but slightly fluctuating growth trend with a notable dip in 2020, followed by a recovery in subsequent years.
Future trends to watch for include potential shifts toward more environmentally friendly vehicle options, responding to increased environmental regulations and consumer preferences. Additionally, technological advancements may further influence market dynamics, alongside economic factors and incentives affecting vehicle choice.
