Key Market Indicators
Lebanon's commercial vehicle registrations are projected to decline to approximately 1,400 units by 2028, down from around 1,530 units in 2023. This represents an annual decrease of 1.3% in the compound annual growth rate (CAGR). Since 2010, the Lebanese market has experienced a yearly decline of about 7.8%. In the global rankings for commercial vehicle registrations in 2023, Lebanon occupied the 97th spot. Sri Lanka edged out Lebanon with 1,530 units registered. In the same ranking, Canada, Mexico, and Argentina secured the second, third, and fourth positions, respectively.
