Luxembourg Automotive Industry Outlook 2024 - 2028

See how Luxembourg Automotive performed compared to key markets such as Australia, Canada and China.

Key Market Indicators

Luxembourg's vehicle registration is projected to climb to approximately 63,800 units by 2028, marking a modest average annual growth rate of 0.6% from 2023's figure of 61,500 units. This forecast comes in the wake of a steady increase observed since 2010, during which the market has expanded at an average yearly rate of 1.3%. In the global context, Luxembourg stood at the 63rd position in 2023. Iraq surpassed Luxembourg with an identical registration number of 61,500 units. Meanwhile, Canada, China, and Austria took the second, third, and fourth spots, respectively, in the global vehicle registration rankings.

Luxembourg Automotive Market Data and Forecasts

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