Key Market Indicators
Israeli vehicle registrations are projected to soar to approximately 9.26 million units by 2028, up from around 5.37 million units in 2023. This represents an annual compound growth rate of 8.5%. Since 2010, the Israeli market has seen a significant expansion, increasing by nearly 82% year over year. In 2023, Israel ranked 10th globally in vehicle registrations. Argentina narrowly edged out Israel with an equivalent figure of 5.37 million units. Canada, China, and Austria secured the second, third, and fourth positions, respectively, in this global ranking.
