Forecast: Motor Vehicles, Trailers and Semi-Trailers Turnover in Sweden

From 2013 to 2022, the motor vehicles, trailers, and semi-trailers turnover in Sweden exhibited steady growth, peaking in 2019 with a value of 50.65 billion euros. The sector faced a significant decline in 2020 due to global disruptions, dropping by 15.94%. However, it quickly rebounded, reaching 55.05 billion euros in 2023. The average annual growth rate (CAGR) from 2019 to 2023 was 1.76%. Future projections indicate a gradual increase with a 5-year forecast CAGR of 1.91%, predicting a market value of 62.1 billion euros by 2028.

Trends to watch for:

  • Technological advancements and their impact on production and supply chain efficiencies.
  • Regulatory changes concerning emissions and environmental standards.
  • Shifts in consumer preferences towards electric and hybrid vehicles.

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