The turnover for electrical and electronic equipment in motor vehicles in Sweden has seen significant fluctuations from 2013 to 2023. In 2023, the turnover stood at 266.8 million Euros, showing a year-on-year increase of 28.7%. The last two years have shown a substantial recovery with an overall increase. Reviewing the period from 2013 to 2023 shows volatile trends with extreme highs in 2018, followed by a dramatic drop in 2020. The Compound Annual Growth Rate (CAGR) for 2023 is -7.59%, reflecting the impact of preceding downturns.
Future forecasts from 2024 to 2028 predict a stable increase, with a CAGR of 4.48% and a total growth rate of 24.52%. These projections suggest a period of steady growth, reaching 354.5 million Euros by 2028.
The key trends to watch for include technological advancements in automotive electronics, the growth of electric vehicles (EVs), and global supply chain impacts. Additionally, Sweden's commitment to sustainability and environmental policies will likely drive further evolution in this sector.
