National passenger road transport by motor vehicles in Denmark stood at 77.92 billion passenger kilometers in 2023. The trend from 2013 to 2023 shows a general increase, with a significant dip in 2020 due to the COVID-19 pandemic, followed by a recovery phase. The year-on-year growth for 2022 was 6.09%, and it moderated to 0.76% in 2023. The last five years saw an average annual growth rate (CAGR) of 0.78%, indicating a generally stable upward trend.
Looking ahead, the forecasted values project a continued but modest growth, with a five-year CAGR of 0.62% culminating in 80.77 billion passenger kilometers by 2028. The total projected growth from 2023 to 2028 is 3.16%.
Future trends to watch for:
- Impact of emerging technologies like electric and autonomous vehicles on passenger transport.
- Shifts in consumer behavior influenced by sustainability and green transportation initiatives.
- Potential disruptions due to economic fluctuations or global events.