Looking to stay on top of industry trends?
Receive 2 actionable premium insights in the African continent.
Stay ahead with Capmad Entrepreneurs Echo +
- Exclusive content
- Premium analysis
- In-depth reports
Capmad Entrepreneurs Echo +
Africa’s automotive market$0.00
This eBook provides a detailed overview of the African automotive market, valued at 30 billion USD in 2021 and projected to reach 45 billion USD by 2026. You will discover recent trends, such as the rise of luxury brands, with Rolls-Royce establishing a foothold in the market. The establishment of modern factories, including a new automotive paint plant in Kenya, addresses the growing demand for vehicles.
The work explores regional initiatives like the AfCFTA, which could stimulate the industry with an export potential of 12 billion USD. Key markets such as Egypt, South Africa, and Nigeria undergo analysis, with annual growth forecasts of 5%.
We also emphasize sustainable mobility, focusing on renewable energy. Investors receive practical advice on fundraising, market selection, and sales strategy development. Key figures and statistics enrich this guide, offering an informed perspective on the promising future of the automotive market in Africa.
Analysis of the automotive market in Africa
News from the African automotive market
Rolls-Royce confirms its breakthrough in the African car market
Responding to strong automotive demand in the sub-region
A state-of-the-art automotive paint plant in Kenya
AfCFTA to boost the African automotive industry
Innovations shaping the African automotive landscape
Review of the African automotive industry
Egypt
South Africa
Nigeria
Outlook for the automotive industry in Madagascar 2022-2026
The Indian Ocean automotive market
The automotive market in Mauritius
The automotive market in Seychelles
The Comoros car market
Sustainable mobility in Africa : Seizing the opportunity to develop
renewable energies
Government policies and industrial collaboration
Sustainability a priority for the African automotive industry
Solving car financing problems in Africa
Investing in the automotive industry in Africa
Choose the field in which you wish to specialize
Conduct genuine market research
Drawing up a business plan
Decide where to locate your business
Raising capital for your business
Develop a solid marketing strategy
Selling used vehicles
Concrete opportunities in the African automotive market
Sell spare parts and accessories
Own or operate an automotive repair/maintenance shop
Collect and sell metal scraps from damaged vehicles
Key figures for the African automotive market
Sources
1. What is the current size of the African automotive market?
Experts project the African automotive market to reach 45 billion USD by 2026 from its valuation of approximately 30 billion USD in 2021.
2. What are the key trends shaping the automotive industry in Africa?
Key trends include the rise of luxury car brands, the establishment of modern manufacturing facilities, and a focus on sustainable mobility and renewable energy sources.
3. How does the AfCFTA impact the automotive industry in Africa?
The African Continental Free Trade Area (AfCFTA) aims to boost intra-African trade and could create an export potential of around 12 billion USD for the automotive sector.
4. Which countries are part of the emerging markets in Africa’s automotive industry?
Key markets include Egypt, South Africa, and Nigeria, each showing strong growth potential.
5. What are the growth forecasts for the automotive sector in Africa?
Analysts anticipate that the automotive industry in Africa will experience a growth of around 5% per year.
6. How is sustainability being integrated into the African automotive industry?
Sustainability initiatives focus on promoting renewable energy and reducing carbon emissions, as well as developing electric and hybrid vehicles.
7. What opportunities exist for investors in the African automotive market?
Investors can explore opportunities in vehicle sales, spare parts and accessories, automotive repair and maintenance workshops, and the recycling of metal from damaged vehicles.
8. What practical advice is available for those looking to invest in the automotive sector?
Practical advice includes fundraising strategies, market selection, business planning, and developing effective marketing strategies.
9. How does the rise of luxury brands impact the overall market?
The rise of luxury brands like Rolls-Royce reflects a growing affluent consumer base in Africa and contributes to increased competition and innovation within the market.
10. What are some key statistics that illustrate the automotive market’s potential?
Key statistics include the projected market value of 45 billion USD by 2026, annual growth rates of 5%, and the potential for 12 billion USD in exports from the AfCFTA initiative.
$0.00
Personal and transaction information are kept safe from unauthorised use.
$0.00
Receive 2 actionable premium insights in the African continent.
Stay ahead with Capmad Entrepreneurs Echo +
Come back later! We'll have more events in future.