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Pakistan Commercial Vehicle Industry Outlook 2024 - 2028

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

Key Market Indicators

The registration of commercial vehicles in Pakistan is projected to climb to approximately 60,900 units by 2028, marking an increase from about 48,900 units in 2023. This represents an average annual growth rate of 3.5%. In the broader context, the Pakistani market has been expanding at an average rate of 5.4% per year since 2010. In the global ranking for 2023, Pakistan held the 36th position, with Romania slightly ahead at 48,900 units. The top spots were occupied by Canada, Mexico, and Argentina, respectively. In terms of production, Pakistan's commercial vehicle output is expected to reach around 47,300 units by 2028, up from about 38,800 units in 2023. This equates to an average annual growth rate of 3.1%. Since 2004, the country's commercial vehicle supply has grown at a modest rate of 1% per year. In the 2023 production ranking, Pakistan was positioned at 26th, just behind Malaysia at 38,800 units. Leading the ranking were Mexico, China, and Canada.

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Pakistan Commercial Vehicle Market Data and Forecasts

How much will Pakistan Commercial Vehicle Market grow to 2028?

Forecast: Import of Trucks to Pakistan
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