Key Market Indicators
Burmese vehicle registration is projected to hit approximately 33,000 units by 2028, up from about 25,000 units in 2023. This represents an average annual growth rate of 4.2%. Since 2010, the Burmese market has experienced a robust annual growth rate of 10.9%. In 2023, Myanmar ranked 78th globally in vehicle registrations, with Lebanon slightly ahead at around 25,000 units. Canada, China, and Austria secured the second, third, and fourth positions, respectively, in the global vehicle registration rankings.