Key Market Indicators
Iraqi vehicle registration is projected to increase to approximately 69,000 units by 2028, up from about 68,000 units in 2023, marking a compound annual growth rate (CAGR) of 0.3%. Since 2010, Iraq's vehicle market has experienced an average annual increase of 4.9%. In 2023, Iraq held the 62nd position globally in terms of vehicle registration, with Belarus surpassing it with nearly 68,000 units. Canada, China, and Austria secured the second, third, and fourth positions, respectively, in the global vehicle registration rankings.
