Browsing: automotive sector in africa

Africa’s automotive market size is expected to grow from 1,325.89 thousand units in 2023 to 1,777.69 thousand units by 2028, at a CAGR of 6.04 per cent, during the forecast period between 2023 and 2028. According to a recent report by the Globe Newswire, the market is expected to reach the pre-Covid demand rates from customer industries only in the second half of 2023. This is because the African automotive market was severely affected by the Covid -19 pandemic.…

• Morocco’s car sales exceeded 160,000 units in 2021 and creating over 220,000 direct jobs
• The auto industry is also set to contribute as much as 24% to the Moroccan GDP by 2022
• Despite the consequences of the COVID-19 crisis, the industry has gradually recovered this year, selling around 400,000 cars to Europe

Morocco has surpassed South Africa as the biggest exporter of passenger cars on the continent with $7 billion (MAD 65.1 billion) exports made in the car industry at the end of 2018.

New data indicates that the country’s automotive industry is growing exponentially each year with car sales exceeding 160,000 units in 2021, and creating over 220,000 direct jobs.

According to several international experts, Morocco’s auto industry is set to contribute as much as 24% to the Moroccan GDP by 2022.

As of 2021, new passenger vehicles (PCs) recorded an increase of +10.77% with 115,611 units sold, transforming …

Passenger vehicles were Kenya’s fourth-largest import overall in 2014, valued at US$420 million and making up 2.3% of total imports (by value) while commercial vehicles ranked seventh, valued at US$370 million.

“If the current trend of 10% to 12% growth per annum on vehicle imports is to be maintained, Kenya will have five million vehicles on the road by the year 2030,” Deloitte said.…

Necessity has called for innovations and radical changes across the globe. Amid concerns over greenhouse gas emissions, policy frameworks have been formulated to pave the way for a greener approach to doing business. Traditional business models are fast being replaced by new technologies and environmentally friendly models.  

The manufacture of internal combustion engines is facing great pressure to being phased out, which in many European countries have already been implemented. Regardless of the transition chaos, Africa is far from embracing the new wave of electric vehicles. Despite the challenges the continent faces towards a carbon-neutral automobile industry, electric cars have the potential to make it on the continent. …