Key Market Indicators
Kuwaiti commercial vehicle registration is forecast to hit 1.04 million units by 2026, according to a recent report. The number of registered commercial vehicles in the country has shot up 127% since 2010. In 2021, Kuwait was ranked 11th in the world, with 773,000 vehicles. China led the way with 7.73 million vehicles, followed by Mexico, Argentina and Australia in second, third and fourth place respectively. The market is expected to grow at an average of 5.7% year-on-year between 2021 and 2026.
