Key Market Indicators
Portugal's vehicle registration is forecast to reach 207,480 units by 2026. This is a slight decrease of 0.7% annually from the 192,390 units recorded in 2021. In the past decade, the Portuguese market has dropped by 4.9% per year on average. Meanwhile, production is expected to reach 299,290 units by 2026. This is an increase of 1.9% per year since 2021, when 263,950 units were produced. When compared to 2002 levels, Portuguese output has grown by 13%. Portugal was ranked 29th in 2021 for vehicle production, with Vietnam ahead at 263,950 units. The United States, Japan and India were the top three producers in that year.
Portugal Motor Vehicle Market Data and Forecasts
What is the size of the Portuguese Motor Vehicle Market in 2022?
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