Watch Demo

Iran Commercial Vehicle Industry Outlook 2023

See how Iran Commercial Vehicle performed compared to key markets such as the United States, Canada and Mexico.

Key Market Indicators

In 2023, Iran saw a significant drop in commercial vehicle registrations, with numbers falling to approximately 5,740 units. This represents a steep 62% decline from the 15,110 units registered in 2022. The year-on-year decrease since 2010 has been 38.7%. Iran ranked 73rd globally in commercial vehicle registrations for 2023. Costa Rica surpassed Iran with the same number of units, while Canada, Mexico, and Argentina held the top three positions in this category. Looking ahead, Iranian commercial vehicle production is projected to decrease to about 110,370 units by 2028, down from 150,020 units in 2023. This forecast indicates an average annual decline of 4.9%. However, since 2005, Iran's production had been on an upward trend, increasing by 22.5% year on year. In 2023, Iran was ranked 18th in commercial vehicle production, with Indonesia slightly ahead at 150,020 units. The leading producers in this ranking were Mexico, China, and Canada.

Marketing Banner

Iran Commercial Vehicle Market Data and Forecasts

How much will Iran Commercial Vehicle Market grow?

Forecast: Import of Trucks to Iran
More in Commercial Vehicle Industry for 2028