Key Market Indicators
Tanzanian commercial vehicle registrations are projected to decline to approximately 653 units by 2028, down from around 1,010 units in 2023. This represents an average annual decrease of 6.8%. Since 2010, the Tanzanian market for commercial vehicles has been shrinking at an average rate of 6.2% per year. In the 2023 rankings, Tanzania fell to the 105th position, with Malawi surpassing it with 1,010 units registered. Globally, Canada, Mexico, and Argentina secured the second, third, and fourth spots, respectively, in the commercial vehicle registration rankings for the same year.
