In 2023, the commercial vehicles in use in Angola stood at 170.0 thousand units. Over the past two years, there was a significant recovery with year-on-year variations of 7.85% in 2022 and a more moderate 1.8% in 2023. Despite a sharp decline in 2020 of -14.87%, the overall trend from 2018 to 2023 shows a positive movement with a CAGR of 2.13%.
From 2024 onwards, forecast data indicates a stable upward trajectory for commercial vehicles in use. The forecasted 5-year CAGR stands at 1.57%, with an anticipated overall growth rate of 8.1% over the period from 2023 to 2028. By 2028, the number of commercial vehicles in use is projected to reach 187.24 thousand units.
Future trends to watch for include:
- The impact of economic fluctuations on vehicle demand and usage.
- Developments in infrastructure that could affect commercial transportation needs.
- Technological advancements and shifts towards more environmentally friendly vehicles.
Latest reports
US Logistics Market Report- Q1 2025
The US logistics market in the first quarter of 2025 was characterized by significant shifts driven by geopolitical tensions, regulatory changes, and evolving...
China Logistics Market Report- Q1 2025
The logistics market in China during the first quarter of 2025 has been characterized by significant advancements and strategic adaptations driven by consumer...
Japan Logistics Market Report- Q4 2024
The logistics landscape in Japan during the fourth quarter of 2024 is characterized by strategic growth, technological advancements, and an increasing emphasis on...
Germany Logistics Market Report- Q1 2025
In the first quarter of 2025, Germany's logistics market is undergoing significant transformations driven by infrastructure investments, technological advancements, and shifts in global...
India Logistics Market Report- Q1 2025
In the first quarter of 2025, the logistics sector in India is experiencing transformative growth, driven by increasing demand across various segments, technological...
UK Logistics Market Report- Q1 2025
The first quarter of 2025 has marked a dynamic period for the UK logistics sector. This summary delves into the key trends, challenges,...
France Logistics Market Report- Q1 2025
In the first quarter of 2025, the logistics sector in France continues to evolve, driven by digital transformation, e-commerce growth, and sustainability initiatives....
Brazil Logistics Market Report- Q1 2025
The first quarter of 2025 has witnessed transformative trends in the logistics sector in Brazil, driven by several key factors, including the expansion...
Italy Logistics Market Report- Q1 2025
In the first quarter of 2025, the logistics landscape in Italy underwent significant transformations driven by a combination of international partnerships, technological advancements,...
South Korea Logistics Market Report- Q1 2025
In the first quarter of 2025, the logistics market in South Korea experienced significant transformation and growth, primarily driven by the rapid expansion...
