Key Market Indicators
Singapore's commercial vehicle registration is projected to rise to approximately 16,840 units by 2028, marking a steady annual growth rate of 1.1% from 2023's figure of around 15,790 units. Since 2010, the Singaporean market has seen an average annual increase of 3.1%. In the 2023 rankings, Singapore held the 62nd position, with Tunisia surpassing it at 15,790 units. Globally, Canada, Mexico, and Argentina secured the second, third, and fourth spots respectively in the commercial vehicle registration rankings.
