Key Market Indicators
Bangladesh's car production is projected to rise significantly over the next five years. By 2028, the country's production is expected to hit approximately 923 units, up from 772 units in 2023. This marks an annual growth rate of 2.9%. Since 2018, the supply of cars in Bangladesh has been increasing steadily, with an annual growth rate of 4.5%. On the registration front, Bangladesh saw 3,000 car registrations in 2019, up from 2,750 in 2018. This represents a 9.1% increase compared to the previous year. However, it's worth noting that since 2010, the demand for cars in Bangladesh has experienced a significant decline, dropping by 36.6% annually.
