From 2013 to 2019, Denmark's national passenger road transport by passenger cars witnessed a stable growth, reaching 60.89 Billion Passenger Kilometers in 2019 from 52.56 Billion in 2013. The upward trend was disrupted in 2020 due to the pandemic, causing a significant drop of 16.18%. However, recovery was quick, with the value surging to 58.97 billion in 2021, followed by a continued rise, reaching 63.21 Billion in 2023.
Over the past five years, the average annual growth rate (CAGR) stood at 0.91%. From 2024 onwards, the forecast projects a steady increase, reaching 65.97 Billion Passenger Kilometers by 2028, indicating a 0.73% CAGR and an overall growth rate of 3.71% over the forecast period.
Trends to Watch:
- Post-pandemic recovery and stabilization of transportation volumes.
- Potential shifts due to advancements in sustainable technologies and policies promoting green transportation.
- Impact of urbanization and infrastructure developments on passenger road transport demand.
- Behavioral changes due to increased remote work and telecommuting practices.
