Forecast: Motor Vehicles, Trailers and Semi-Trailers Manufacturing Output in Denmark

The manufacturing output of motor vehicles, trailers, and semi-trailers in Denmark experienced both growth and decline from 2013 to 2023. The output stood at 7.04 billion DKK in 2023. The period from 2013 to 2015 saw a decline with some recovery in 2016. A consistent upward trend was evident from 2016 to 2018, followed by significant drops in 2019 and 2020, coinciding with global disruptions. Recovery resumed in 2021 and 2022, and the output rose steadily in 2023.

From 2019 to 2023, the sector experienced a negative average variation per year, as indicated by a CAGR of -1.15%. However, the forecast from 2024 to 2028 predicts a gradual growth with a 5-year CAGR of 0.6% and an average annual growth rate of 3.04%, suggesting a positive future outlook.

Future trends to watch for include advancements in green technology, shifts in global trade policies, and increased investment in automation and AI in manufacturing processes, which could further boost the output and efficiency in the Danish motor vehicles and trailers sector.