The number of vehicles in use in Kenya exhibited notable fluctuations over the past decade. Between 2013 and 2023, the fleet increased from 1.18 million to 1.71 million units, marking substantial growth on an annual basis. However, 2020 saw a notable decline of 14.62% likely due to external disruptive factors such as the COVID-19 pandemic. The recovery began in 2021 with a remarkable 17.59% increase.

Year-on-year growth rates over the past two years were 8.01% in 2022 and 2.49% in 2023. The compound annual growth rate (CAGR) over the last five years was recorded at 2.75%. Looking into the future, the forecast projects a steady rise, reaching 1.93 million vehicles in 2028 with an average annual growth rate of 1.9%.

Future trends to watch for:

Technological advancements: Increased adoption of electric and hybrid vehicles.
Government policies: Regulations promoting cleaner and more efficient vehicles.
Economic factors: Growth in middle-class income driving vehicle demand.