Production in the manufacture of motor vehicles sector in Finland has shown a considerable upward trend from 2013 to 2023. The production value in 2023 stood at 1390.0 Million Euros. Trends indicate substantial growth, particularly in 2017, with production values showing a near 50% increase year-on-year. While there was a significant dip in 2020, subsequent years have exhibited recovery and growth, with 2023 registering an 8.06% year-on-year increase. The 5-year CAGR from 2018 to 2023 is 3.36%, demonstrating consistent industry growth.

Future trends to watch for include:

Continued growth in production value forecasted to reach 1720.0 Million Euros by 2028, with a 5-year CAGR of 3.31%.
Monitoring potential impacts of technological advancements in electric vehicles and autonomous driving on production volumes.
Evaluating the influence of global supply chain disruptions and resource availability on the sector’s growth trajectory.
Assessing regulatory changes related to emissions and environmental standards which could impact production processes and costs.