The market for motor vehicles and caravans with only petrol engines (superior to 1,500 cm³ and motor caravans of a capacity superior to 3,000 cm³) in Denmark displayed fluctuations from 2013 to 2023. In 2023, the market size reached 838.44 million euros, showing a slight year-on-year growth of 2.15%. Over the past five years, the compound annual growth rate (CAGR) stood at 1.85%, indicating nearly steady growth after the earlier decline between 2016 to 2021. Year-on-year variations typically stayed positive, barring a few noticeable declines.
Future trends to watch include:
- A potential shift towards more sustainable energy sources and electric vehicles as environmental concerns intensify.
- Market adaptations to stringent emissions regulations possibly impacting future petrol engine vehicle sales.
- Continued technological advancements in vehicle efficiency that could influence buyer preferences.
