Key Market Indicators
Nepal's truck import market is projected to surge to approximately $173 million by 2028, up from around $144 million in 2023. This growth represents a compound annual growth rate (CAGR) of 2.9%. Since 1999, the demand for trucks in Nepal has seen a consistent year-on-year increase of 4.7%. The upward trend highlights the country's expanding need for commercial vehicles to support its growing infrastructure and economic development.