Sub-Saharan Africa Commercial Vehicle Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis | MarkNtel
MarkNtel Advisors recently published a detailed industry analysis of the Sub-Saharan Africa Commercial Vehicle Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Sub-Saharan Africa Commercial Vehicle Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Sub-Saharan Africa Commercial Vehicle Market size was valued at around USD 15.19 billion in 2024 and is projected to reach USD 23.88 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.18% during the forecast period (2025-30).
What are the major Driver the Sub-Saharan Africa Commercial Vehicle industry?
Rising Infrastructure Development Driving Market Demand – The governments of nations such as Tanzania, Ghana, and others have made investments in infrastructure development initiatives including the Takoradi Ports Infrastructure Improvement and Development Project. The building of roads, railways, ports, airports, and energy networks are all included in these infrastructure development projects. This lowers transportation costs making it easier for consumers and goods to move around while drawing in domestic and foreign investment. Commercial vehicles like trucks, buses, and construction vehicles are needed for these projects to transport materials. Therefore, the Sub-Saharan Africa Commercial Vehicle Industry is being driven by the construction of more infrastructure development projects. For instance,
In 2025, Kenya will start the construction of a high-speed electric standard gauge railway linking its Indian Ocean port of Lamu to Ethiopia and South Sudan with an investment of approx. USD 13.8 billion.
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What segments define the Sub-Saharan Africa Commercial Vehicle market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
· By Vehicle Type
o New
§ Light Commercial Vehicle
· Light Truck - Market Size & Forecast 2020-2030, Thousand Units
· Light Bus- Market Size & Forecast 2020-2030, Thousand Units
o < 20 Seats- Market Size & Forecast 2020-2030, Thousand Units
o 20-35 Seats- Market Size & Forecast 2020-2030, Thousand Units
· Pickup Trucks and Vans- Market Size & Forecast 2020-2030, Thousand Units
§ Medium Commercial Vehicle
· Medium Truck- Market Size & Forecast 2020-2030, Thousand Units
· Bus- Market Size & Forecast 2020-2030, Thousand Units
o 20-30 Seats- Market Size & Forecast 2020-2030, Thousand Units
o 30-40 Seats- Market Size & Forecast 2020-2030, Thousand Units
§ Heavy Commercial Vehicle
· Heavy Truck- Market Size & Forecast 2020-2030, Thousand Units
· Bus- Market Size & Forecast 2020-2030, Thousand Units
o 40-50 Seats- Market Size & Forecast 2020-2030, Thousand Units
o >50 Seats- Market Size & Forecast 2020-2030, Thousand Units
o Used
§ Light Commercial Vehicle
· Light Truck - Market Size & Forecast 2020-2030, Thousand Units
· Light Bus- Market Size & Forecast 2020-2030, Thousand Units
o < 20 Seats- Market Size & Forecast 2020-2030, Thousand Units
o 20-35 Seats- Market Size & Forecast 2020-2030, Thousand Units
· Pickup Trucks and Vans- Market Size & Forecast 2020-2030, Thousand Units
§ Medium Commercial Vehicle
· Medium Truck- Market Size & Forecast 2020-2030, Thousand Units
· Bus- Market Size & Forecast 2020-2030, Thousand Units
o 20-30 Seats- Market Size & Forecast 2020-2030, Thousand Units
o 30-40 Seats- Market Size & Forecast 2020-2030, Thousand Units
§ Heavy Commercial Vehicle
· Heavy Truck- Market Size & Forecast 2020-2030, Thousand Units
· Bus- Market Size & Forecast 2020-2030, Thousand Units
o 40-50 Seats- Market Size & Forecast 2020-2030, Thousand Units
o >50 Seats- Market Size & Forecast 2020-2030, Thousand Units
According to report, Out of them, the light commercial vehicle segment leads the Sub-Saharan Africa Commercial Vehicle Market. It holds approximately 35% of the total market share.
· By End User
o New
§ Logistics- Market Size & Forecast 2020-2030, Thousand Units
§ Public Transportation- Market Size & Forecast 2020-2030, Thousand Units
§ Construction- Market Size & Forecast 2020-2030, Thousand Units
§ Agricultural- Market Size & Forecast 2020-2030, Thousand Units
§ Mining- Market Size & Forecast 2020-2030, Thousand Units
§ Others- Market Size & Forecast 2020-2030, Thousand Unit
o Used
§ Logistics- Market Size & Forecast 2020-2030, Thousand Units
§ Public Transportation- Market Size & Forecast 2020-2030, Thousand Units
§ Construction- Market Size & Forecast 2020-2030, Thousand Units
§ Agricultural- Market Size & Forecast 2020-2030, Thousand Units
§ Mining- Market Size & Forecast 2020-2030, Thousand Units
§ Others- Market Size & Forecast 2020-2030, Thousand Unit
· By Propulsion Type
o New
§ Diesel- Market Size & Forecast 2020-2030, Thousand Units
§ Petrol- Market Size & Forecast 2020-2030, Thousand Units
§ Electric- Market Size & Forecast 2020-2030, Thousand Units
o Used
§ Diesel- Market Size & Forecast 2020-2030, Thousand Units
§ Petrol- Market Size & Forecast 2020-2030, Thousand Units
§ Electric- Market Size & Forecast 2020-2030, Thousand Units
According to report, Based on the propulsion type, the diesel segment dominates the Sub-Saharan Africa Commercial Vehicle Market.
Explore the Complete Sub-Saharan Africa Commercial Vehicle Market Analysis Report – https://www.marknteladvisors.com/research-library/sub-saharan-africa-commercial-vehicle-market.html
Geographical Analysis: Sub-Saharan Africa Commercial Vehicle Market
o Ethiopia
o Tanzania
o South Africa
o Kenya
o Uganda
o Zambia
o Cameroon
o Congo-DRC
o Congo-Brazzaville
o Niger
o Mozambique
o Nigeria
o Ivory Coast
o Ghana
o Burkina Faso
o Senegal
o Gabon
o Madagascar
o Angola
o Mauritius
o Seychelles
o Rwanda
o Liberia
o Malawi
o Togo
o Djibouti
o Cape Verde
o Benin
o Guinea-Bissau
o Guinea-Conakry
o Chad
o Sudan
o South Sudan
o Somalia
o Mauritania
o Central African Republic
o Burundi
o Eretria
o Gambia
o Rest of Sub-Saharan Africa
Sub-Saharan Africa Commercial Vehicle Market Share & Competitive Landscape:
The Sub-Saharan Africa Commercial Vehicle Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Sub-Saharan Africa Commercial Vehicle Market are:
- Scania AB
- AB Volvo
- Renault Trucks
- Isuzu Motors Limited
- Man Truck and Bus
- UD Trucks Corp
- DAF Trucks N.V.
- Eicher
- Tiger Truck
- Mercedes Benz
- FAW Truck
- Toyota Hino
- Sinotruck
- Daimler Truck
- Mitsubishi Fuso Truck and Bus Corporation
- TATA Motors
- Jiangling Motors Corporation Group
- JAC Motors
- Ashok Leyland
- Foton Truck
- KIA Corporation
- Hyundai Motor Company
Sub-Saharan Africa Commercial Vehicle Industry Recent Development:
- September 2024: Renault Trucks launched a test phase till December 2024 with GEODIS for its urban electric prototype “Oxygen” which is a 100% electrical truck.
- February 2023: ISUZU Motors opened a new dealership in Sudan to expand its footprint in Africa by providing high-quality vehicles and services to the African Market.
Questions Addressed in this Study
1.What factors are driving the Sub-Saharan Africa Commercial Vehicle Market growth?
2.How is the Sub-Saharan Africa Commercial Vehicle Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Sub-Saharan Africa Commercial Vehicle Market?
4.What is the current size of the Sub-Saharan Africa Commercial Vehicle Market, and how is it projected to change in the future?
6.What is the future outlook for the Sub-Saharan Africa Commercial Vehicle Market in terms of technological advancements and market expansion?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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