Key Market Indicators
Israeli vehicle registration is projected to soar to approximately 9.3 million units by 2028, up from around 5.4 million units in 2023. This growth represents a compound annual growth rate (CAGR) of 8.5%. Since 2010, the Israeli automotive market has experienced a remarkable surge, increasing by nearly 82% year-on-year. In 2023, Israel ranked tenth globally in vehicle registration, with Argentina slightly ahead, registering the same number of units. Leading the global standings, Canada, China, and Austria occupied the second, third, and fourth spots, respectively.
