| Product Code: ETC8153233 | 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 medium cars import market in 2024 saw a significant decline in growth rate, with a negative CAGR of -8.15% from 2020 to 2024. Despite the challenging landscape, top exporting countries such as Japan, Singapore, Germany, China, and Australia continued to dominate the market. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, highlighting the need for diversification and strategic interventions to stimulate growth and competition in the Maldives automotive import sector. The drastic decline in growth rate from 2023 to 2024 at -67.88% further underscores the challenges faced by the 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 Medium Cars Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Medium Cars Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Medium Cars Market - Industry Life Cycle |
3.4 Maldives Medium Cars Market - Porter's Five Forces |
3.5 Maldives Medium Cars Market Revenues & Volume Share, By Types, 2021 & 2031F |
4 Maldives Medium Cars Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of Maldivian consumers |
4.2.2 Growth in tourism industry leading to higher demand for rental cars |
4.2.3 Government incentives or subsidies for purchasing medium cars |
4.2.4 Improving road infrastructure in the Maldives |
4.3 Market Restraints |
4.3.1 High import duties and taxes on automobiles |
4.3.2 Limited availability of financing options for car purchases |
4.3.3 Lack of skilled labor for automotive maintenance and repair |
4.3.4 Environmental concerns leading to push for sustainable transportation options |
5 Maldives Medium Cars Market Trends |
6 Maldives Medium Cars Market, By Types |
6.1 Maldives Medium Cars Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Maldives Medium Cars Market Revenues & Volume, By Types, 2021- 2031F |
6.1.3 Maldives Medium Cars Market Revenues & Volume, By Petrol, 2021- 2031F |
6.1.4 Maldives Medium Cars Market Revenues & Volume, By Diesel, 2021- 2031F |
6.1.5 Maldives Medium Cars Market Revenues & Volume, By Electric, 2021- 2031F |
6.1.6 Maldives Medium Cars Market Revenues & Volume, By Others, 2021- 2031F |
7 Maldives Medium Cars Market Import-Export Trade Statistics |
7.1 Maldives Medium Cars Market Export to Major Countries |
7.2 Maldives Medium Cars Market Imports from Major Countries |
8 Maldives Medium Cars Market Key Performance Indicators |
8.1 Average age of medium cars on the road in the Maldives |
8.2 Number of new car registrations in the medium car segment |
8.3 Adoption rate of electric or hybrid medium cars in the market |
9 Maldives Medium Cars Market - Opportunity Assessment |
9.1 Maldives Medium Cars Market Opportunity Assessment, By Types, 2021 & 2031F |
10 Maldives Medium Cars Market - Competitive Landscape |
10.1 Maldives Medium Cars Market Revenue Share, By Companies, 2024 |
10.2 Maldives Medium Cars Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |