Key Market Indicators
The Swiss vehicle registration market is projected to grow modestly over the next five years, reaching approximately 1.07 million units by 2028. This marks an increase from the estimated 1.05 million units registered in 2023, reflecting an average annual growth rate of 0.4%. Since 2010, the Swiss market has experienced a notable expansion, with vehicle registrations rising by 25% annually. As of 2023, Switzerland holds the 29th position globally in vehicle registrations. In the same year, Spain edged ahead of Switzerland with an identical registration figure of around 1.05 million units. Leading the rankings were Canada, China, and Austria, securing the second, third, and fourth positions respectively.
