| Product Code: ETC5376322 | 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 the decline in CAGR and negative growth rate in 2024, the Maldives continues to rely heavily on imports of used cars from top exporting countries such as Japan, Singapore, Germany, UAE, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, potentially posing challenges for competition and consumer choice. The negative growth rate in 2024 may signal shifting consumer preferences, economic challenges, or other factors impacting the import market for used cars in the Maldives.
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 Used Car Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Used Car Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Used Car Market - Industry Life Cycle |
3.4 Maldives Used Car Market - Porter's Five Forces |
3.5 Maldives Used Car Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Maldives Used Car Market Revenues & Volume Share, By Vendor, 2021 & 2031F |
3.7 Maldives Used Car Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
4 Maldives Used Car Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Maldives |
4.2.2 High demand for affordable transportation options |
4.2.3 Limited availability of public transportation infrastructure |
4.3 Market Restraints |
4.3.1 High import duties on used cars in Maldives |
4.3.2 Limited availability of financing options for purchasing used cars |
4.3.3 Lack of regulatory framework governing the used car market in Maldives |
5 Maldives Used Car Market Trends |
6 Maldives Used Car Market Segmentations |
6.1 Maldives Used Car Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Used Car Market Revenues & Volume, By Hatchbacks, 2021-2031F |
6.1.3 Maldives Used Car Market Revenues & Volume, By Sedan, 2021-2031F |
6.1.4 Maldives Used Car Market Revenues & Volume, By Sports Utility Vehicle, 2021-2031F |
6.1.5 Maldives Used Car Market Revenues & Volume, By Others, 2021-2031F |
6.2 Maldives Used Car Market, By Vendor |
6.2.1 Overview and Analysis |
6.2.2 Maldives Used Car Market Revenues & Volume, By Organized, 2021-2031F |
6.2.3 Maldives Used Car Market Revenues & Volume, By Unorganized, 2021-2031F |
6.3 Maldives Used Car Market, By Fuel Type |
6.3.1 Overview and Analysis |
6.3.2 Maldives Used Car Market Revenues & Volume, By Gasoline, 2021-2031F |
6.3.3 Maldives Used Car Market Revenues & Volume, By Diesel, 2021-2031F |
6.3.4 Maldives Used Car Market Revenues & Volume, By Alternative Fuel Vehicles, 2021-2031F |
7 Maldives Used Car Market Import-Export Trade Statistics |
7.1 Maldives Used Car Market Export to Major Countries |
7.2 Maldives Used Car Market Imports from Major Countries |
8 Maldives Used Car Market Key Performance Indicators |
8.1 Average age of used cars in the market |
8.2 Average selling price of used cars |
8.3 Number of registered used car dealers in Maldives |
9 Maldives Used Car Market - Opportunity Assessment |
9.1 Maldives Used Car Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Maldives Used Car Market Opportunity Assessment, By Vendor, 2021 & 2031F |
9.3 Maldives Used Car Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
10 Maldives Used Car Market - Competitive Landscape |
10.1 Maldives Used Car Market Revenue Share, By Companies, 2024 |
10.2 Maldives Used Car Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |