Key Market Indicators
Kuwait's vehicle registration numbers are projected to climb to approximately 4.5 million units by 2028, up from just over 4.46 million units in 2023. This represents a modest annual growth rate of 0.1%. Since 2010, the Kuwaiti vehicle market has experienced a remarkable expansion, with a cumulative growth of 112.4% year over year. In the global ranking for 2023, Kuwait secured the 14th position, with Brazil surpassing it with the same number of registered units, approximately 4.46 million. Topping the list were Canada, China, and Austria, claiming the second, third, and fourth spots respectively.
