The sold production of motor vehicles electrical and electronic equipment in Denmark has seen a marked decline over the past decade. From 2013 to 2023, values dropped significantly from 1.6177 million kg to 0.15472 million kg. The most notable decreases occurred between 2017 and 2018, with an 82.55% drop, highlighting the declining trend. Year-on-year analysis indicates a decrease of 3.26% in 2023, while the CAGR over the past five years stands at -6.39%. This downward trend is projected to continue, with a forecasted CAGR of -2.85% to 2028, reflecting an overall decline of 13.47% by then.
Future trends to watch for include advancements in electric vehicle technology and potential regulatory changes in emissions standards, which could influence production volumes and market demand significantly. Monitoring developments in global supply chains and sustainability initiatives will also be key.
