The analysis of global road motor vehicles by country reveals several key trends. In 2023, Serbia led the pack with a high value per million USD GDP at 53.43 units, followed closely by Mexico at 50.09 units. Among notable variations, Mexico and Chile exhibited significant growth with a year-on-year increase of 5.14% and 6.07%, respectively. Conversely, New Zealand and Romania showcased declining trends, with decreases of -3.3% and -1.15%. Countries like Japan and Canada saw marginal negative shifts, while Norway and Iceland experienced solid growth at 4.1% and 4.2%.
Future trends to watch for include the potential impact of evolving regulations, innovations in electric vehicle technology, and economic shifts that may affect production and consumption patterns globally. The ongoing transition towards sustainable and eco-friendly vehicles will likely redefine the landscape, influencing production and adoption rates across various countries.
Top countries in Road Motor Vehicles by Country
| # | 10 Countries | Units Per Million USD GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Serbia, Republic of | 53.43 | 2023 | |||
| 2 | 2 Mexico | 50.09 | 2023 | +2.33% | +5.14% | View data |
| 3 | 3 Morocco | 39.83 | 2023 | +1.25% | +1.76% | View data |
| 4 | 4 Macedonia | 38.1 | 2023 | -0.28% | +0.38% | View data |
| 5 | 5 Croatia | 34.77 | 2023 | +0.51% | +1.05% | View data |
| 6 | 6 Estonia | 31.46 | 2023 | -0.026% | +0.76% | View data |
| 7 | 7 Romania | 30.14 | 2023 | -1.9% | -1.15% | View data |
| 8 | 8 Slovakia | 28.76 | 2023 | +0.86% | +1.41% | View data |
| 9 | 9 Slovenia | 28.74 | 2023 | -0.13% | +1.07% | View data |
| 10 | 10 Latvia | 25.72 | 2023 | -0.22% | +0.51% | View data |