Key Market Indicators
Estonian car registrations are projected to reach nearly 39,000 units by 2028, rising from approximately 34,000 units in 2023. This marks an annual compound growth rate (CAGR) of 2.1%. Since 2010, the demand for vehicles in Estonia has increased at an average annual rate of 5.4%. In the global car registration rankings for 2023, Estonia secured the 67th position, with Costa Rica surpassing it at the same registration figure of around 34,000 units. In the broader context, Indonesia, Austria, and Belgium took the top three spots in the global car registration rankings.
