Key Market Indicators
Saudi Arabia's vehicle registrations are projected to skyrocket, hitting nearly 4.7 million units by 2028, up from roughly 1.8 million units in 2023. This marks a robust compound annual growth rate (CAGR) of 14.4%. The Saudi market has seen significant expansion, with a year-on-year increase of 34.5% since 2010. As of 2023, Saudi Arabia ranks 24th in global vehicle registrations. Pakistan leads the pack with approximately 1.8 million units. Trailing behind Pakistan are Canada, China, and Austria, occupying the second, third, and fourth spots respectively in the rankings.
