The output in Sweden's motor vehicles and motorcycles sector had incremental growth from 2013 to 2020, ranging from 1.2 to 1.4 Units. Significant year-on-year variations occurred in 2015 (8.33%) and 2018 (7.69%). A notable increase was again observed in 2021 (7.14%). The output remains static at 1.5 Units for 2022 and 2023. The 5-year CAGR is forecasted at 1.3%, projecting a modest growth rate of 6.67% by 2028.
Future trends to watch include shifts towards electric vehicles (EVs) and sustainable transport solutions driven by regulatory changes and consumer preferences. These could further influence the market dynamics and output within the sector.
