Africa Automotive Market: In-Depth Analysis on Size, Share, Advanced Technologies, Potential Revenue and Top Key Company’s (Daimler AG, Fiat, Ford, Nissan, Suzuki, Toyota) | Future Prospects 2018 - 2023

Marketprognosis.com Publish a New Market Research Report On “Africa Automotive Market - Segmented by Vehicle and Geography - Growth, Trends, and Forecast (2018 - 2023)” which contains Africa key player’s survey information and forecast to 2023.

Overview of the Africa Automotive Market:

The report spread across 90 pages is an overview of the Africa Automotive Market - Segmented by Vehicle and Geography - Growth, Trends, and Forecast (2018 - 2023). These report study based on the Automotive Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

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The Africa Automotive Market is expected to register a CAGR of about 7.48% over the forecast period. This market is the most underdeveloped automobile market in the world.

Apart from South Africa and other small countries, the Africa automotive market is one of the slow growing markets, globally. The major reasons for this limited growth have been the extremely low-average income and the lack of a sizeable middle-class population. Also, the extremely high lending rates have made ownership of a car restricted only to the wealthy and prosperous. Ghana, a promising market, has a car loan interest rate of nearly 26%. This makes taking out a car loan an expensive proposition, which is derailing the automotive market in the country. Even the biggest economy of Africa, Nigeria has a loan interest rate of about 12%.

The African market has great growth prospects. The market is expected to offer high returns to players who are willing to seriously enter the region. Mahindra & Mahindra Group of India, primarily a maker of sports utility vehicles, has set up a manufacturing facility in Ghana to serve the West African market, due to the rising middle-class population in the region. Post-2020, the Africa automotive market is expected to become a luxury and start being a necessity.

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The North Africa automotive market has been majorly affected by the unrest and has contracted since 2010. The Egyptian market, in particular, has a significant growth potential and is expected to fuel up the Northern African market over the forecast period. The passenger vehicles segment is likely to grow at the fastest rate in Africa, with increasing number of middle-class population aspiring and seeking to own a vehicle. Local auto brands have a good presence in the African market, which can offer strong marketing prospects and significant market shares to the global giants.

Major Key Players:

1 Daimler AG

2 Fiat

3 Ford

4 Nissan

5 Suzuki

6 Tata Group

7 Toyota and More…………..

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Automotive Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview and Trends

5 Market Dynamics

6 Africa Automotive Market, by Vehicle Type

7 Africa Automotive Market, by Geography

8 Competitive Landscape

9 Key Players Analysis (Overview, Products & Services, and Strategies)

10 Future of the Market

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This release was published on openPR.