The number of ATMs in Sweden has shown a consistent decline from 2013 to 2023. As of 2023, the number stood at 2.5 thousand units, down from 3.24 thousand units in 2013. The year-on-year variation in 2023 was -1.46%, with the CAGR for the last five years being -1.35%. The decline started becoming more pronounced in 2016 and continued at a steady pace.
Looking forward, the forecasted data suggests a continued decline in the number of ATMs, with a forecasted CAGR of -1.24% from 2024 to 2028. By 2028, the number of ATMs is expected to reach approximately 2.31 thousand units, indicating a -6.06% drop over the five-year period.
Future trends to watch for include the digitalization of banking services, increased usage of mobile payments, and a possible shift towards more advanced and multifunctional ATM solutions that could influence the demand and utility of ATMs in Sweden.
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