The turnover for parts and accessories for motor vehicles in Finland has witnessed fluctuations over the years. After a low point in 2014 with a significant drop of 20.93%, the market started to recover, showing a notable increase in 2015 of 36.76%. From 2016 onwards, there has been a general upward trend, culminating in a turnover value of 333.6 million Euros in 2023, a 2.9% increase from 2022. The most recent 5-year CAGR stands at 6.27%, indicating steady growth. Forecasts suggest a continued, albeit slower, growth trajectory with an average annual increase of 1.02% leading up to 2028.

Future trends to watch for:

Technological advancements in vehicle components driving innovation.
Potential impacts of economic shifts and regulatory changes on the automotive sector.
Increasing focus on sustainable and eco-friendly vehicle parts.
The influence of electric vehicle market expansion on accessory demand.