The number of petrol passenger cars in Finland has consistently increased from 2013 to 2023, standing at 2.6976 million in 2023. Notable year-on-year variations include a steady rise in numbers, with a peak increase in 2016 of 1.74%. The growth rate has slowed down somewhat, reflected in a CAGR of 1.08% over the last five years. Forecast data projects continued growth to 2.8402 million vehicles in 2028, with an expected average annual growth rate of 0.82%, resulting in a 4.16% overall growth rate over the next five years.
Future trends to watch for:
- Potential emergence and adoption of electric vehicles, which could influence the petrol vehicle market.
- Economic factors and petrol prices, which can impact vehicle purchase decisions.
- Government policies on emissions and environmental regulations expected to motivate a shift towards greener alternatives.