Key Market Indicators
Tanzania's vehicle registration numbers are projected to plummet to approximately 260 units by 2028, a steep decline from the 1,260 units recorded in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 24.3%. The trend has been downward since 2010, with the Tanzanian market shrinking by an average of 12% annually. In 2023, Tanzania ranked 120th globally for vehicle registrations, with Zimbabwe narrowly ahead, also registering 1,260 units. The top spots in the ranking were occupied by Canada, China, and Austria, which secured the second, third, and fourth positions, respectively.
