Forecast: Passenger Cars in Use in the Netherlands

The number of passenger cars in use in the Netherlands stood at 8.87 million units in 2023. This figure has shown generally steady growth over the past decade, with a brief decline in 2020 likely due to external factors such as the COVID-19 pandemic. Year-on-year variations from 2013 onwards demonstrate a typical annual increase, albeit marginal, with a significant drop in 2020 and subsequent rebounds in 2021 and 2022.

Recent years show:

• 2022: +6.06% year-on-year
• 2023: +0.74% year-on-year

The compound annual growth rate (CAGR) over the last five years has averaged around 0.78%, indicating underlying market stability post-pandemic.

Future trends to watch for include continuous growth with an estimated CAGR of 0.61% from 2024 to 2028, suggesting a moderate but steady increase in the volume of passenger cars expected over the next five years. Keeping an eye on technological advancements, shifts towards electric vehicles, and regulatory changes will be crucial for understanding future market dynamics.