| Product Code: ETC8143278 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Maldives automotive market saw a significant surge in multi-wheel drive import shipments in 2024, with top exporters including Japan, Sri Lanka, China, Thailand, and UAE. The market concentration, as measured by the HHI, rose from moderate in 2023 to very high in 2024, indicating a more consolidated market landscape. The impressive compound annual growth rate of 11.23% from 2020 to 2024, coupled with a staggering growth rate of 392.24% in 2024 alone, highlights the increasing demand for multi-wheel drive vehicles in the Maldives, presenting lucrative opportunities for market players.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Automotive Multi-Wheel Drive Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Automotive Multi-Wheel Drive Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Automotive Multi-Wheel Drive Market - Industry Life Cycle |
3.4 Maldives Automotive Multi-Wheel Drive Market - Porter's Five Forces |
3.5 Maldives Automotive Multi-Wheel Drive Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Maldives Automotive Multi-Wheel Drive Market Revenues & Volume Share, By Transmission Type, 2021 & 2031F |
3.7 Maldives Automotive Multi-Wheel Drive Market Revenues & Volume Share, By Wheel Drive Type, 2021 & 2031F |
4 Maldives Automotive Multi-Wheel Drive Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for off-road capabilities in Maldives due to the presence of rough terrains and unpaved roads. |
4.2.2 Growing tourism industry in Maldives leading to higher demand for multi-wheel drive vehicles for tours and transportation. |
4.2.3 Government initiatives to improve infrastructure and connectivity in remote areas, driving the need for multi-wheel drive vehicles. |
4.3 Market Restraints |
4.3.1 High import duties and taxes on vehicles in Maldives increasing the overall cost of multi-wheel drive vehicles. |
4.3.2 Limited availability of servicing and maintenance facilities for multi-wheel drive vehicles in Maldives. |
4.3.3 Environmental concerns and regulations regarding emissions and fuel efficiency impacting the adoption of multi-wheel drive vehicles. |
5 Maldives Automotive Multi-Wheel Drive Market Trends |
6 Maldives Automotive Multi-Wheel Drive Market, By Types |
6.1 Maldives Automotive Multi-Wheel Drive Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Automotive Multi-Wheel Drive Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 Maldives Automotive Multi-Wheel Drive Market Revenues & Volume, By Passenger Cars, 2021- 2031F |
6.1.4 Maldives Automotive Multi-Wheel Drive Market Revenues & Volume, By Light Commercial Vehicles, 2021- 2031F |
6.1.5 Maldives Automotive Multi-Wheel Drive Market Revenues & Volume, By Heavy Commercial Vehicles, 2021- 2031F |
6.2 Maldives Automotive Multi-Wheel Drive Market, By Transmission Type |
6.2.1 Overview and Analysis |
6.2.2 Maldives Automotive Multi-Wheel Drive Market Revenues & Volume, By Manual MWD, 2021- 2031F |
6.2.3 Maldives Automotive Multi-Wheel Drive Market Revenues & Volume, By Automatic MWD, 2021- 2031F |
6.3 Maldives Automotive Multi-Wheel Drive Market, By Wheel Drive Type |
6.3.1 Overview and Analysis |
6.3.2 Maldives Automotive Multi-Wheel Drive Market Revenues & Volume, By Front-wheel Drive (FWD), 2021- 2031F |
6.3.3 Maldives Automotive Multi-Wheel Drive Market Revenues & Volume, By Rear-wheel Drive (RWD), 2021- 2031F |
6.3.4 Maldives Automotive Multi-Wheel Drive Market Revenues & Volume, By Four-wheel Drive (4WD)/All-wheel Drive (AWD), 2021- 2031F |
7 Maldives Automotive Multi-Wheel Drive Market Import-Export Trade Statistics |
7.1 Maldives Automotive Multi-Wheel Drive Market Export to Major Countries |
7.2 Maldives Automotive Multi-Wheel Drive Market Imports from Major Countries |
8 Maldives Automotive Multi-Wheel Drive Market Key Performance Indicators |
8.1 Average number of multi-wheel drive vehicles per capita in Maldives. |
8.2 Percentage increase in off-road vehicle tours and rentals in Maldives. |
8.3 Number of new infrastructure projects in remote areas that require multi-wheel drive vehicles for transportation. |
8.4 Average age of the multi-wheel drive vehicle fleet in Maldives. |
8.5 Frequency of government policies or incentives supporting the adoption of multi-wheel drive vehicles. |
9 Maldives Automotive Multi-Wheel Drive Market - Opportunity Assessment |
9.1 Maldives Automotive Multi-Wheel Drive Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Maldives Automotive Multi-Wheel Drive Market Opportunity Assessment, By Transmission Type, 2021 & 2031F |
9.3 Maldives Automotive Multi-Wheel Drive Market Opportunity Assessment, By Wheel Drive Type, 2021 & 2031F |
10 Maldives Automotive Multi-Wheel Drive Market - Competitive Landscape |
10.1 Maldives Automotive Multi-Wheel Drive Market Revenue Share, By Companies, 2024 |
10.2 Maldives Automotive Multi-Wheel Drive Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |