Key Market Indicators
Kuwaiti commercial vehicle registrations are projected to reach approximately 285,450 units by 2028, up from around 284,470 units in 2023, reflecting a modest annual growth rate of 0.1%. Since 2010, Kuwait's market has expanded significantly, with an 88.3% year-on-year increase. In the 2023 rankings, Kuwait held the 16th position, narrowly surpassed by Germany, which registered 284,470 commercial vehicles. Canada, Mexico, and Argentina occupied the second, third, and fourth spots, respectively, in the same ranking.
