Key Market Indicators
Singaporean vehicle registration is projected to reach approximately 100,520 units by 2028, up from around 97,150 units in 2023. This represents an average annual growth rate of 0.6%. Since 2010, the Singaporean market has seen a modest annual increase of 0.4%. In the global ranking for 2023, Singapore held the 58th position. Notably, Algeria surpassed Singapore with 97,150 registered units. Leading the rankings were Canada, China, and Austria, occupying the second, third, and fourth positions, respectively.
