Key Market Indicators
Lao vehicle registration is projected to climb to approximately 12,600 units by 2028, reflecting an average annual growth rate of 1.9% from its current figure of around 11,200 units in 2023. Over the past decade, the Lao market has expanded at an average rate of 4.8% per year. In the global rankings for 2023, Laos secured the 92nd position, while Mauritius surpassed it with 11,230 units. Leading the rankings were Canada, China, and Austria, occupying the second, third, and fourth spots, respectively.
