Key Market Indicators
Taiwan's vehicle registration is projected to reach approximately 655,000 units by 2028, up from 484,000 units in 2023. This represents an average annual growth rate of 4.8%. Since 2010, the Taiwanese market has seen a significant annual increase of 15.6%. In 2023, Taiwan ranked 40th globally, with Bulgaria surpassing it at 484,000 units. Leading the rankings, Canada, China, and Austria secured the second, third, and fourth positions, respectively. In terms of vehicle production, Taiwan is expected to produce around 268,000 units by 2028, slightly up from 266,000 units in 2023. This marks an average annual growth rate of just 0.1%. Since 2002, Taiwan's vehicle production has increased by 1% annually. In 2023, Taiwan held the 29th spot, with Vietnam overtaking it at 266,000 units. The United States, Japan, and Germany occupied the second, third, and fourth ranks in this category.
