The market size volume for passenger vehicles with spark-ignition engines of a cylinder capacity of less than 1,500 cm³ in Finland displayed growth from 2013 to 2023, achieving 70.24 thousand units in 2023. Notably, 2020 saw a dip by 14.11% due to global disruptions, but the market rebounded with a 17.61% increase in 2021. Growth persisted, though at a modest pace, with a 2.51% rise in 2023. The compound annual growth rate over the last five years stands at 2.63%, reflecting moderate overall expansion.
Future trends to watch:
- Transition to electric and hybrid vehicles influencing market dynamics.
- Legislative incentives or restrictions impacting sales volumes.
- Shift in consumer preferences towards more environmentally-friendly options.
