Key Market Indicators
Zambia's commercial vehicle registration is projected to climb to 3,080 units by 2028, up from 2,650 units in 2023. This marks an average annual growth rate of 2.4%. Despite this upward trend, the Zambian market has experienced a slight decline of 0.3% annually since 2010. As of 2023, Zambia ranks 87th globally in commercial vehicle registrations. Kenya, with 2,650 units, narrowly surpasses Zambia in this ranking. Leading the list are Canada, Mexico, and Argentina, occupying the second, third, and fourth positions respectively.
