Key Market Indicators
Uganda's commercial vehicle registration is projected to grow steadily, reaching approximately 1,830 units by 2028. This marks an increase from around 1,650 units in 2023, reflecting a year-on-year growth rate of 1.7%. Since 2010, the Ugandan market has shown a robust annual growth rate of 8.1%. In 2023, Uganda ranked 94th globally in commercial vehicle registrations, with Zimbabwe surpassing it at the same 1,650 units. The leading countries in this category are Canada, Mexico, and Argentina, occupying the second, third, and fourth spots respectively. In contrast, diesel truck sales in Uganda are expected to decline over the coming years. Sales are projected to fall to approximately $112 million by 2028, down from nearly $136 million in 2023, indicating a yearly decrease of 3.1%. The demand for diesel trucks has been on a downward trend, dropping by an average of 2.5% annually. France, Italy, and Germany are the top countries in this category, holding the second, third, and fourth positions respectively.
