Commercial vehicles registrations in Sweden have experienced significant fluctuations over the past decade. The values started at 43.47 thousand units in 2013, peaking at 64.36 thousand units in 2018 before plummeting to 8.6 thousand in 2020, primarily due to market disruptions. The segment has shown recovery signs with a 16.15% year-on-year growth in 2023, standing at 48.53 thousand units. This reflects a -5.49% CAGR over the last five years, indicating overall decline in the period. Forecasts up to 2028 suggest a relatively stable market with a slight increase of 0.3% CAGR, expecting minimal growth in the short-term future.
Future trends to watch for:
- Electrification of commercial vehicle fleets aiming to reduce carbon footprint.
- Technological advancements in autonomous driving could impact market dynamics.
- Regulatory changes such as emission standards and incentives affecting demand.
