The registration of commercial vehicles in Finland stood at 18.17 thousand units in 2023. Historical data reveals a fluctuating trend with significant peaks and troughs. Between 2013 and 2021, the market witnessed several periods of growth and decline, with notable increases in 2016, 2019, and 2020. The year-on-year changes varied considerably, indicating volatility in the sector. The 5-year CAGR up to 2023 was 2.07%, showing moderate growth on average each year. This positive trend reversed dramatically in 2022 with a -49.06% drop, although there was a recovery of 21.53% in 2023.
Looking ahead, the forecast suggests a gradual decline with a 5-year CAGR of -3.47%, leading to a projected registration value of 14.62 thousand units by 2028. Key trends to watch for include technological advancements, regulatory changes, and economic conditions which could significantly impact commercial vehicle demand.
