From 2013 to 2023, the number of commercial vehicles in use in Cameroon increased from 82.0 to 100.0 thousand units, exhibiting a positive growth trend with a notable dip in 2020. The 2020 decrease of 16.12% and the subsequent recovery highlight the market's volatility, likely driven by external factors such as economic downturns or global events. In 2021 and 2022, the market rebounded with significant year-on-year growth rates of 16.87% and 6.35%, respectively. The five-year CAGR stands at 1.68% as of 2023, reflecting moderate growth despite previous fluctuations.

Looking into the future, forecasts suggest a continued gradual increase in commercial vehicles, reaching 107.78 thousand units by 2028. The forecasted five-year CAGR is 1.25%, indicating a steady yet modest growth rate.

Future trends to watch for:

Impact of economic recovery and policy changes on vehicle demand.
Technological advancements and their influence on vehicle efficiency and market preference.
Sustainability initiatives potentially driving shifts towards greener commercial vehicle options.