Key Market Indicators
Lebanese vehicle registration is projected to decline to approximately 22,900 units by 2028, down from 25,600 units in 2023. This represents a compound annual growth rate (CAGR) decrease of 1.7% year on year. Since 2010, the Lebanese market has experienced a consistent decline, averaging a 6.3% decrease annually. In the 2023 rankings, Lebanon was positioned at number 77, with Guatemala leading slightly ahead at 25,600 units. On the global stage, Canada, China, and Austria held the second, third, and fourth positions, respectively, in vehicle registration numbers.
