Key Market Indicators
Estonian vehicle registration is projected to hit approximately 44,900 units by 2028, marking a steady annual growth rate of 2% from its current level of around 39,700 units in 2023. This forecast underscores a continuous upward trend in Estonia's vehicle market, which has been expanding at an average rate of 4.8% per year since 2010. In the global ranking for 2023, Estonia secured the 69th position, with Costa Rica surpassing it by registering the same number of units, 39,700. Notably, the top spots in this ranking were claimed by Canada, China, and Austria, which held the second, third, and fourth positions respectively. This sustained growth in Estonia's vehicle registration figures reflects broader trends in the automotive sector, signaling a robust market outlook for the coming years.
