Key Market Indicators
Kuwaiti vehicle registrations are projected to climb to approximately 4.5 million units by 2028, according to recent forecasts. This marks a modest compound annual growth rate (CAGR) of 0.1% from the 4.46 million units recorded in 2023. Since 2010, the Kuwaiti market has experienced a significant surge, expanding by more than 112% year on year. In the global ranking for 2023, Kuwait held the 14th position, with Brazil narrowly surpassing it with the same number of registrations. Leading the rankings were Canada, China, and Austria, occupying the second, third, and fourth spots respectively.
