Key Market Indicators
Mongol Vehicle Registration is projected to hit approximately 4,730 units by 2028, up from around 4,090 units in 2023. This growth represents an average annual increase of 2.3%. Since 2010, the Mongol market has experienced a significant rise, averaging a 12.9% year-on-year growth. In the global ranking for 2023, Mongolia is placed at number 106, just behind Cambodia, which also reported 4,090 units. Leading the rankings are Canada, China, and Austria, occupying the second, third, and fourth positions, respectively.
