Key Market Indicators
Burmese vehicle registration is on track to hit 33,000 units by 2028, up from approximately 25,000 units in 2023. This marks an annual growth rate of 4.2% CAGR. The Burmese market has seen a notable upward trend, increasing by nearly 11% annually since 2010. In 2023, Myanmar ranked 78th globally in terms of vehicle registration, trailing just behind Lebanon, which also reported around 25,000 units. In the global rankings, Canada, China, and Austria secured the second, third, and fourth spots, respectively.
