The motor vehicles, trailers, and semi-trailers sector in Sweden showed a fluctuating yet generally upward production trend from 2013 to 2023. Standing at 39.41 billion euros in 2023, the sector experienced significant growth peaks, notably between 2015 and 2016 with a 9.56% increase and 2016 and 2017 with a 10.03% increase. However, 2020 saw a considerable downturn of 17.02%, attributed likely to the global pandemic, but recovery followed in subsequent years.
The current forecast predicts a steady increase, with an anticipated CAGR of 2.1% from 2024 to 2028, resulting in a forecasted value of 44.98 billion euros by 2028.
Future trends to watch for include advancements in electric and autonomous vehicle technology, shifts in consumer preferences towards sustainable transportation, and potential impacts from regulatory changes aimed at reducing carbon emissions.
