Key Market Indicators
By 2028, commercial vehicle registrations in Laos are projected to hit 8,640 units, marking a steady increase from the 7,240 units recorded in 2023. This growth represents an average annual rate of 2.8%. Since 2010, the Lao market has consistently expanded, showing an average annual growth rate of 7%. In the global context, Laos ranked 70th in commercial vehicle registrations in 2023, with Jordan slightly ahead, registering 7,240 units. Topping the list were Canada, Mexico, and Argentina, holding the second, third, and fourth positions, respectively.
