Forecast: Motor Vehicles, Trailers and Semi-Trailers Manufacturing Output in Sweden

Between 2013 and 2023, Sweden's motor vehicles, trailers, and semi-trailers manufacturing output has experienced variable growth. Starting at 223.43 billion SEK in 2013, it reached 409.89 billion SEK by 2023. Significant growth periods include 2015 and 2018, showcasing year-on-year increases of 20.66% and 12.67%, respectively. However, 2020 saw a sharp decline of 17.84%, likely due to the global pandemic. Recovery followed with consistent growth, marked by a 6.35% increase in 2023.

For the forecasted period between 2024 and 2028, output is expected to continue growing at a moderate CAGR of 1.81%, projecting a value of 459.41 billion SEK by 2028.

Future trends to watch for:

• Technological advancements and the shift towards electric vehicles (EVs).
• Global supply chain disruptions and their impacts.
• Government policies supporting sustainable automotive manufacturing.