Key Market Indicators
Luxembourg's commercial vehicle registrations are projected to reach 5,500 units by 2028, marking a modest growth from the 5,350 units recorded in 2023. This represents an average annual increase of 0.5%. Since 2010, the Luxembourg market has experienced an average yearly growth rate of 1.7%. In the global rankings for 2023, Luxembourg placed 75th, with Estonia surpassing it with 5,350 units. Leading the rankings were Canada, Mexico, and Argentina, occupying the second, third, and fourth spots respectively.
