In 2023, Greece recorded the highest global ownership of road motor vehicles with 973.63 units per thousand persons, marking a notable 1.88% year-on-year increase. The United States, ranking second, showed a modest 0.57% rise. Poland, at 914.39 units, reflected a strong growth rate of 2.43%, while New Zealand's ownership increased by 0.68%. Other notable increases included the Czech Republic (2.03%) and Lithuania (2.43%). Japan, indicating market maturity, only grew by 0.13%. Sweden and Belgium had minimal growth, each under 1%.
Several factors are projected to influence future trends in global ownership of road motor vehicles:
- Advancements in autonomous vehicle technology.
- Increased adoption of electric vehicles driven by environmental policies.
- Urbanization trends potentially reducing vehicle ownership in densely populated areas.
- Economic fluctuations impacting disposable income and vehicle affordability.
Top countries in Ownership of Road Motor Vehicles by Country
| # | 10 Countries | Units Per Thousand Persons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Greece | 973.63 | 2023 | +1.51% | +1.88% | View data |
| 2 | 2 United States | 935.22 | 2023 | +0.61% | +0.57% | View data |
| 3 | 3 Poland | 914.39 | 2023 | +2.09% | +2.43% | View data |
| 4 | 4 New Zealand | 839.13 | 2023 | +0.75% | +0.68% | View data |
| 5 | 5 Luxembourg | 809.28 | 2023 | +0.099% | +0.41% | View data |
| 6 | 6 Malta | 800.52 | 2023 | +0.49% | +0.33% | View data |
| 7 | 7 Austria | 793.48 | 2023 | +0.35% | +0.71% | View data |
| 8 | 8 Spain | 791.97 | 2023 | +0.71% | +0.77% | View data |
| 9 | 9 Australia | 783.32 | 2023 | +0.51% | +0.41% | View data |
| 10 | 10 Norway | 773.5 | 2023 | +0.62% | +0.63% | View data |
