Key Market Indicators
Lao Vehicle Registration is projected to hit 12,620 units by 2028, up from approximately 11,230 units in 2023. This growth reflects an average annual increase of 1.9%. Since 2010, the Lao market has experienced a steady rise, with an average annual growth rate of 4.8%. Despite this progress, Laos ranked 92nd globally in 2023 in terms of vehicle registrations. Mauritius surpassed Laos with around 11,230 units registered in the same year. Leading the global rankings, Canada, China, and Austria secured the second, third, and fourth positions, respectively.
