In Denmark, the number of commercial vehicles in use has seen a generally declining trend from 2013 to 2023, with a notable dip in 2020 due to extraordinary circumstances. For 2023, the value stood at 415.25 thousand units. Between 2013 and 2023, the year-on-year variations indicate small annual reductions with a sharp drop in 2020, followed by periods of recovery. Over the last two years, there has been some stabilization with a 4.36% increase in 2022 and a slight decline of 0.85% in 2023. The CAGR over the last 5 years was -0.87%, showing a modest downward trend.
Future forecasts point towards a continued decline but at a slower pace, with a 5-year CAGR projected at -0.71% and a total reduction of 3.51% by 2028.
Future trends to watch for include potential impacts of economic recoveries, advancements in commercial vehicle technologies, government policies on transportation, and shifts towards sustainable and electric vehicle options that could significantly influence the commercial vehicle landscape.
