Key Market Indicators
Lithuanian commercial vehicle registrations are projected to decline to approximately 4,040 units by 2028, down from around 4,160 units in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 0.4%. Despite this upcoming decline, the Lithuanian market has shown an overall upward trend since 2010, with an average annual increase of 1.4%. However, in 2023, Lithuania ranked 79th globally in commercial vehicle registrations, with Qatar surpassing it with the same number of units—approximately 4,160. In contrast, leading the rankings were Canada, Mexico, and Argentina, holding the second, third, and fourth positions respectively.
