Key Market Indicators
Senegal's vehicle registration is projected to drop to approximately 5,240 units by 2028, down from about 5,490 units in 2023. This indicates a year-on-year compound annual growth rate (CAGR) decline of 0.7%. Since 2010, the Senegalese market has experienced a consistent annual decrease, with a decline rate of 1.2% each year. In the global ranking for 2023, Senegal holds the 102nd position. Turkmenistan surpasses Senegal with a similar registration figure of 5,490 units. Leading the rankings are Canada, China, and Austria, securing the 2nd, 3rd, and 4th positions respectively.
