Key Market Indicators
Nepal's commercial vehicle registration is projected to hit 23,470 units by 2028, up from approximately 18,050 units in 2023. This marks an average annual growth rate of 4.2%. Since 2010, Nepal's market has seen a year-on-year increase of 4.8%. In 2023, Nepal ranked 57th globally in commercial vehicle registrations. Finland surpassed Nepal with the same number of units, 18,050. In the global ranking, Canada, Mexico, and Argentina secured the second, third, and fourth positions, respectively.
