Key Market Indicators
**Taiwan's Commercial Vehicle Registration to Halve by 2028** Taiwanese commercial vehicle registrations are projected to plummet to around 20,700 units by 2028, down from roughly 43,400 units in 2023. This marks an average annual decline of 11.8%. Since 2010, Taiwan's market has consistently contracted by 7.1% annually. In 2023, Taiwan ranked 43rd globally, with Peru surpassing it with the same number of units. Canada, Mexico, and Argentina occupied the second, third, and fourth positions, respectively. **Commercial Vehicle Production in Taiwan Also on the Decline** Taiwan's commercial vehicle production is expected to fall to approximately 46,500 units by 2028, from about 58,300 units in 2023. This represents an average annual decrease of 3.6%. However, since 2002, Taiwanese supply has seen a modest annual increase of 0.3%. In 2023, Taiwan ranked 23rd worldwide in commercial vehicle production, with Morocco taking the lead with the same number of units. Mexico, China, and Canada followed in second, third, and fourth places, respectively.
