Forecast: Parts and Accessories for Motor Vehicles Turnover in Sweden

The turnover for parts and accessories for motor vehicles in Sweden has demonstrated significant fluctuations over the years, with notable peaks and troughs. The value stood at 7.11 billion Euros in 2023. From 2013 to 2018, there was a strong upward trend, with an impressive year-on-year increase in 2016 (14.85%) and continued growth till 2018. A dip occurred in 2019 (-9.19%) and a substantial decline in 2020 (-21.77%) attributed to market disruptions likely due to external factors. Post-2020, the market started recovering with double-digit growth in 2021 (22.12%) and consistent increases thereafter, displaying resilience and a robust recovery trajectory. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 highlights a moderate growth of 0.64% per year. Forecasted data reveal a steady increase, with expectations of reaching 8.1 billion Euros by 2028, reflecting a CAGR of 2.05%.

Looking ahead, several trends warrant attention:

• Emergence of electric vehicles and corresponding accessory demands
• Technological advancements influencing aftermarket parts
• Regulatory changes impacting parts manufacturing and distribution
• Potential disruptions from global supply chain dynamics