| Product Code: ETC5872925 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Despite a significant decline in the growth rate of Maldives` light duty vehicle import shipments in 2024, top exporters such as Japan, Singapore, Germany, China, and Malaysia continue to dominate the market. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market with limited competition. The negative Compound Annual Growth Rate (CAGR) from 2020 to 2024 may pose challenges for the industry, while the steep decline in growth rate from 2023 to 2024 highlights potential economic obstacles faced by Maldives in the automotive sector.
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 Light Duty Vehicle Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Light Duty Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Light Duty Vehicle Market - Industry Life Cycle |
3.4 Maldives Light Duty Vehicle Market - Porter's Five Forces |
3.5 Maldives Light Duty Vehicle Market Revenues & Volume Share, By Transmission Type, 2021 & 2031F |
3.6 Maldives Light Duty Vehicle Market Revenues & Volume Share, By Turbocharger, 2021 & 2031F |
4 Maldives Light Duty Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of Maldivian population |
4.2.2 Growth in tourism industry leading to higher demand for transportation |
4.2.3 Government initiatives to improve infrastructure and promote automobile industry |
4.3 Market Restraints |
4.3.1 Limited availability of skilled labor for maintenance and repair of vehicles |
4.3.2 High import taxes and tariffs on vehicles increasing overall costs |
4.3.3 Vulnerability to external factors such as global economic conditions and exchange rates |
5 Maldives Light Duty Vehicle Market Trends |
6 Maldives Light Duty Vehicle Market Segmentations |
6.1 Maldives Light Duty Vehicle Market, By Transmission Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Light Duty Vehicle Market Revenues & Volume, By Automatic transmission (AT), 2021-2031F |
6.1.3 Maldives Light Duty Vehicle Market Revenues & Volume, By Continuous variable transmission (CVT), 2021-2031F |
6.1.4 Maldives Light Duty Vehicle Market Revenues & Volume, By Manual transmission (MT), 2021-2031F |
6.2 Maldives Light Duty Vehicle Market, By Turbocharger |
6.2.1 Overview and Analysis |
6.2.2 Maldives Light Duty Vehicle Market Revenues & Volume, By Gasoline Turbocharged, 2021-2031F |
6.2.3 Maldives Light Duty Vehicle Market Revenues & Volume, By Diesel Turbocharged, 2021-2031F |
7 Maldives Light Duty Vehicle Market Import-Export Trade Statistics |
7.1 Maldives Light Duty Vehicle Market Export to Major Countries |
7.2 Maldives Light Duty Vehicle Market Imports from Major Countries |
8 Maldives Light Duty Vehicle Market Key Performance Indicators |
8.1 Average age of vehicles in Maldives |
8.2 Number of new vehicle registrations per year |
8.3 Adoption rate of electric or hybrid vehicles in the market |
9 Maldives Light Duty Vehicle Market - Opportunity Assessment |
9.1 Maldives Light Duty Vehicle Market Opportunity Assessment, By Transmission Type, 2021 & 2031F |
9.2 Maldives Light Duty Vehicle Market Opportunity Assessment, By Turbocharger, 2021 & 2031F |
10 Maldives Light Duty Vehicle Market - Competitive Landscape |
10.1 Maldives Light Duty Vehicle Market Revenue Share, By Companies, 2024 |
10.2 Maldives Light Duty Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |