Key Market Indicators
Iranian vehicle registration is projected to dip to approximately 535,000 units by 2028, down from nearly 699,000 units in 2023. This represents an average annual decline of about 4.1%. Since 2010, the Iranian market has been shrinking at a rate of 10.2% per year. In the global ranking for 2023, Iran stood at 33rd place, with Poland slightly ahead at 699,000 units. Canada, China, and Austria secured the second, third, and fourth positions, respectively. In contrast, Iranian vehicle production is expected to climb to around 1.38 million units by 2028, up from roughly 1.3 million units in 2023, averaging a growth rate of 1.1% per year. Since 2004, Iran's vehicle supply has seen a yearly increase of 3.4%. In the 2023 global ranking, Iran was positioned 17th, with Russia marginally ahead at 1.3 million units. The United States, Japan, and Germany held the second, third, and fourth spots, respectively.
