Forecast: Commercial Vehicles in Use in the UAE

The number of commercial vehicles in use in the UAE has grown consistently over the past decade. Starting at 127,000 units in 2013, it reached 171,290 units by 2023. Despite a notable dip in 2020 due to exceptional circumstances with a 14.82% decline, the market rebounded strongly, growing by 17.33% in 2021. The average annual growth rate (CAGR) has been 2.52% from 2018 to 2023.

In terms of future trends, the sector is expected to maintain positive momentum with a projected average annual growth rate of 1.76% from 2024 to 2028, reaching approximately 190,900 units by 2028, marking an overall 9.13% growth over this five-year period.

Moving forward, key trends include:

• Increasing adoption of electric commercial vehicles driven by environmental regulations.

• Technological advancements in fleet management systems.

• Potential market volatility due to geopolitical and economic factors.