Key Market Indicators
In 2019, vehicle registrations in Bangladesh saw a modest increase, reaching approximately 4,900 units. This marks a 5.4% rise from the 4,650 units registered in 2018. Despite this growth, the Bangladeshi market has experienced a significant downturn since 2010, declining by roughly 38% year on year. Looking ahead, the country's vehicle production is projected to expand. By 2028, production is expected to reach around 923 units, up from 772 units in 2023. This growth represents an annual compound growth rate (CAGR) of 2.9%. Since 2018, Bangladesh's vehicle supply has seen a steady year-on-year increase of 4.5%.