Forecast: Production in Sale of Motor Vehicles Sector in Denmark

Over the course of the last decade, the production and sale of motor vehicles in Denmark have seen fluctuations, peaking in 2019 at 25.17 billion Danish Krones. However, there has been a clear decline since 2020, with significant year-on-year drops of 31.4% in 2021, 14.11% in 2022, and 16.26% in 2023, where the value stood at 11.53 billion DKK. The five-year CAGR leading up to 2023 indicates an average annual decrease of 13.37%.

Future projections for the sector look grim, with forecasted values dropping substantially to just 0.6753 billion DKK by 2028, translating to a forecasted five-year CAGR of -40.83% and a total decrease of 92.75% over this period.

Future trends to watch for:

• Adoption of electric and autonomous vehicles potentially reshaping market dynamics.
• Innovation in alternative mobility solutions such as shared and public transportation impacting demand.
• Regulatory changes and environmental policies could further influence market trends.