Key Market Indicators
Uzbekistan's vehicle registration is projected to hit approximately 1.14 million units by 2028, up from around 863,000 units in 2023. This marks an average annual growth rate of 4.4%. Since 2010, the Uzbek vehicle market has seen a significant increase of nearly 70% year-over-year. In the global rankings for 2023, Uzbekistan held the 30th position, with Switzerland slightly ahead at 863,000 units. Canada, China, and Austria secured the 2nd, 3rd, and 4th spots respectively. In terms of vehicle production, Uzbekistan is expected to reach nearly 270,000 units by 2028, climbing from around 250,000 units in 2023. This indicates an average yearly increase of 1.2%. Uzbek vehicle supply has been on an upward trajectory with a 2.5% annual rise since 2002. In the 2023 global rankings, Uzbekistan again occupied the 30th position, with Belgium marginally leading at 250,000 units. The United States, Japan, and Germany ranked 2nd, 3rd, and 4th respectively in this category.
