Key Market Indicators
Peru's commercial vehicle registration is projected to climb to approximately 59,800 units by 2028, up from around 46,000 units in 2023. This marks an annual growth rate of 4.2%, according to industry forecasts. Since 2010, the Peruvian market has demonstrated a robust upward trend, expanding at an average annual rate of 7.2%. In the global rankings for 2023, Peru secured the 42nd position, with Vietnam slightly ahead, registering the same number of units as Peru. In comparison, Canada, Mexico, and Argentina occupied the second, third, and fourth positions, respectively, in the global commercial vehicle registration rankings.
