Over the years, the number of vehicles in use in Finland has shown a generally upward trend, starting from 2.67 million units in 2013 and reaching 2.8 million units in 2023. However, there was a notable dip in 2020 when the vehicle count fell to 2.3 million units, likely influenced by external factors such as the global COVID-19 pandemic. The market recovered in 2021 with a significant spike of 14.94%, bringing the count back to 2.64 million units, followed by a steadier increase to 2.79 million units in 2022, and reaching 2.8 million units in 2023.
Year-on-year variations over the last two years—5.69% in 2022 and 0.4% in 2023—indicate a smoothing of growth post-recovery. Analyzing the last five years with a Compound Annual Growth Rate (CAGR) of 0.42% shows a relatively stable but modest growth trajectory.
Future forecasts indicate a continued gradual increase, with vehicle counts expected to reach 2.85 million units by 2028. Trends to watch include the impacts of emerging technologies, regulatory changes promoting electric and hybrid vehicles, and shifting consumer preferences. The expected 5-year CAGR of 0.34% suggests slow yet steady growth.
