In 2023, the ownership of passenger cars in Denmark stood at 470.1 units per thousand persons. Analysis of historical data reveals a consistent upward trend, with year-on-year variations in the range of 1.09% to 2.48% from 2013 to 2023. The Compound Annual Growth Rate (CAGR) over the past five years has been 1.49%, reflecting steady growth in car ownership. Forecasted data suggest a continuation of this trend, with a projected CAGR of 0.83% over the next five years, leading to an expected ownership level of 495.13 units per thousand persons by 2028.
Future trends to watch for include the impact of government policies on electric vehicle adoption, the rise of car-sharing services, and changes in urban transport infrastructure, which might influence car ownership rates.
