| Product Code: ETC8153227 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Maldives saw a significant increase in the import of medium and heavy-duty commercial vehicles in 2024, with top exporting countries including Japan, China, Sri Lanka, India, and the USA. The high Herfindahl-Hirschman Index (HHI) concentration in the market indicates limited competition. The impressive compound annual growth rate (CAGR) of 21.82% from 2020 to 2024 highlights a thriving market for commercial vehicles in the Maldives. Moreover, the exceptional growth rate of 39.94% from 2023 to 2024 suggests a promising outlook for the industry in the near future.

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 Medium And Heavy Duty Commercial Vehicles Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Medium And Heavy Duty Commercial Vehicles Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Medium And Heavy Duty Commercial Vehicles Market - Industry Life Cycle |
3.4 Maldives Medium And Heavy Duty Commercial Vehicles Market - Porter's Five Forces |
3.5 Maldives Medium And Heavy Duty Commercial Vehicles Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Maldives Medium And Heavy Duty Commercial Vehicles Market Revenues & Volume Share, By Fuel Category, 2021 & 2031F |
4 Maldives Medium And Heavy Duty Commercial Vehicles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction and infrastructure development projects in the Maldives |
4.2.2 Increasing tourism industry leading to higher demand for transportation |
4.2.3 Government initiatives to improve road infrastructure and transportation network |
4.3 Market Restraints |
4.3.1 High import taxes and duties on commercial vehicles |
4.3.2 Limited availability of financing options for purchasing medium and heavy-duty vehicles |
4.3.3 Lack of skilled drivers and maintenance facilities |
5 Maldives Medium And Heavy Duty Commercial Vehicles Market Trends |
6 Maldives Medium And Heavy Duty Commercial Vehicles Market, By Types |
6.1 Maldives Medium And Heavy Duty Commercial Vehicles Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Medium And Heavy Duty Commercial Vehicles Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 Maldives Medium And Heavy Duty Commercial Vehicles Market Revenues & Volume, By Commercial Vehicles, 2021- 2031F |
6.2 Maldives Medium And Heavy Duty Commercial Vehicles Market, By Fuel Category |
6.2.1 Overview and Analysis |
6.2.2 Maldives Medium And Heavy Duty Commercial Vehicles Market Revenues & Volume, By CNG, 2021- 2031F |
6.2.3 Maldives Medium And Heavy Duty Commercial Vehicles Market Revenues & Volume, By Diesel, 2021- 2031F |
6.2.4 Maldives Medium And Heavy Duty Commercial Vehicles Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.2.5 Maldives Medium And Heavy Duty Commercial Vehicles Market Revenues & Volume, By LPG, 2021- 2031F |
7 Maldives Medium And Heavy Duty Commercial Vehicles Market Import-Export Trade Statistics |
7.1 Maldives Medium And Heavy Duty Commercial Vehicles Market Export to Major Countries |
7.2 Maldives Medium And Heavy Duty Commercial Vehicles Market Imports from Major Countries |
8 Maldives Medium And Heavy Duty Commercial Vehicles Market Key Performance Indicators |
8.1 Average age of the commercial vehicle fleet in the Maldives |
8.2 Percentage of road infrastructure projects completed on time |
8.3 Average utilization rate of medium and heavy-duty vehicles in the transportation sector |
9 Maldives Medium And Heavy Duty Commercial Vehicles Market - Opportunity Assessment |
9.1 Maldives Medium And Heavy Duty Commercial Vehicles Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Maldives Medium And Heavy Duty Commercial Vehicles Market Opportunity Assessment, By Fuel Category, 2021 & 2031F |
10 Maldives Medium And Heavy Duty Commercial Vehicles Market - Competitive Landscape |
10.1 Maldives Medium And Heavy Duty Commercial Vehicles Market Revenue Share, By Companies, 2024 |
10.2 Maldives Medium And Heavy Duty Commercial Vehicles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |