Key Market Indicators
Saudi Arabia's commercial vehicle registration is projected to hit approximately 112,000 units by 2028, up from around 99,000 units in 2023. This marks an average annual growth rate of 1.9%. Since 2010, the Saudi market has experienced a significant annual increase of 9.3%. In the global ranking for 2023, Saudi Arabia held the 30th position. Morocco surpassed it with a similar registration figure of about 99,000 units. Canada, Mexico, and Argentina occupied the second, third, and fourth spots respectively in this ranking.
