Key Market Indicators
The Lao Commercial Vehicle Registration market is projected to grow 3% annually on average, reaching 7,710 units by 2026. This figure is down from 6,360 units in 2021 and from 8,000 units in 2020, a decrease of 1% year on year since 2010. Lao came in at number 71 in the global rankings in 2021, behind Paraguay which had 6,360 units. Mexico, Argentina and Australia came in at numbers two, three and four respectively.