Key Market Indicators
Pakistani vehicle registration is projected to reach approximately 957,000 units by 2028, up from around 606,000 units in 2023. This marks an average annual growth rate of 7.2%. Since 2010, the Pakistani market has seen a robust increase of 18.9% year-on-year. In the 2023 ranking, Pakistan secured the 37th position, with Malaysia taking the lead at 606,000 units. Canada, China, and Austria ranked second, third, and fourth, respectively. In terms of vehicle production, Pakistan is expected to achieve around 290,000 units by 2028, up from approximately 225,000 units in 2023, reflecting an average annual growth rate of 4%. However, since 2004, Pakistani vehicle production has experienced a decline of 3.5% year-on-year. For 2023, Pakistan ranked 32nd, with Uzbekistan surpassing it with 225,000 units. The United States, Japan, and Germany held the second, third, and fourth positions in this ranking, respectively.
