Key Market Indicators
Estonia's vehicle registration is projected to climb to approximately 44,900 units by 2028, up from around 39,700 units in 2023. This represents a compound annual growth rate (CAGR) of 2%. The Estonian market has seen a steady increase since 2010, with an average annual growth rate of 4.8%. In 2023, Estonia ranked 69th globally in vehicle registrations. Costa Rica surpassed Estonia with the same number of units registered. Leading the global rankings, Canada, China, and Austria took the second, third, and fourth spots, respectively.
