Tata and Ashok Leyland Among Top Competitors in Africa’s CV Market
www.chinatrucks.com: Asian commercial vehicle manufacturers Isuzu, Mitsubishi, Dongfeng, Sinotruk, Tata and Ashok Leyland currently account for 73.1 percent of the total sales in Africa’s CV market. With infrastructure developments presenting new growth opportunities, Asian OEMs are making rapid inroads, said a report by Frost & Sullivan.
The rising urbanisation is encouraging unprecedented infrastructural developments in Africa region, especially across the construction and oil and gas sectors. This is further strengthening the regional market for commercial vehicles (CVs) like rigid trucks and flatbed trailers.
Asian original equipment manufacturers (OEMs) such as Isuzu, Mitsubishi, Dongfeng, Sinotruk, Tata and Ashok Leyland have started making rapid inroads into the African market and currently account for 73.1 per cent of the total CV market. As these foreign OEMs offer value trucks built for local conditions and customer preferences, market competition is intensifying.
Marshall Martin, Frost & Sullivan mobility industry analyst said “There is significant opportunity for OEMs to leverage their already existing platforms in emerging markets, such as China, India and the ASEAN, to build synergies across these regions and Africa for higher operational efficiency and lower costs. Meanwhile, regional manufacturers will get a huge boost from the growing emphasis on urban transport, along with government incentives to produce vehicles locally.”
As per a report titled “African Commercial Vehicles Market, Forecast to 2025” by Frost & Sullivan, the CV market is expected to grow from 317,533 units in 2016 to 538,774 units in 2025, at a compound annual growth rate (CAGR) of 6.1 per cent. South Africa, with 53 per cent, is the largest contributor to the CV market in Africa. However, Nigeria, Kenya and Morocco are expected to be the fastest-growing markets and the only ones to increase their share by 2025.
While the market's potential is undisputed, it has been growing at a modest pace due to the subdued industry sentiment in Africa as a result of falling oil and commodity prices. Issues related to automotive infrastructure, financing and labour rein in the CV market, even as the spending on urban infrastructure offsets the negative impact.
“Furthermore, the demand for cleaner air in cities will create opportunities for greener public transport such as compressed natural gas (CNG) and electric buses,” noted Martin. “Other CV technologies such as advanced telematics are expected to be highly popular in regions around South Africa, encouraging investments and partnerships in the African market.”
- WABCO Signs First Deal to Export Power Steering Syetem to India Tata Motors 2018-07-16
- Tata Motors Hopes to Regain Over 55% Market Share in M&HCV Segment 2017-12-28
- Tata, Hyundai to Boost Sales of CV in Indonesia 2017-06-12
- CHTGC Cooperated With Tata Daewoo 2013-05-14
- Tata Motors sales up 58% 2010-03-02
- Tata Faces 'Heat' From Daimler, Volvo as India Paves Its Roads 2010-02-10
- Tata Motors, M&M, Reva eye electric compact truck segment 2010-02-08
- Fiat Buys Zastava in Serbia 2010-01-06
- Tata eyes exports to Asean: Thai autos to ship to Malaysia, Indonesia 2009-11-26
- Assembly of Chinese Automobiles Might Resume in the Sverdlovsk Oblast 2009-07-13
Submit Your Requirements, We Are Always At Your Service.
- Next Generation of Hino 500 Series to Arrive in Australia
- Foton Motor Involved in Cave Rescue Mission in Chiang Rai, Thailand
- 60.218 Billion! XCMG Ranks the First among “China’s 500 Most Valuable Brands
- JMC Looks to Boost Aussie Dealer Network
- India’s First Lithium-ion Battery Project Set to Get Underway
- Volvo Group Upbeat on Chinese Market
- XCMG Turkey Co., Ltd. and Spare Parts Center Opened in Ankara
- XCMG E-commerce Platforms Revolutionize the Supply Chain and Industrial Ecology
- Shacman Initial Sales in Jamaica Outperform Expectations
- Volvo Pushes Forward With Electric Trucks
C&C Trucks Co., Ltd.
C&C Trucks Co , Ltd (C&C Trucks), located in Sanshan Economic Development Zone, Wuhu, Anhui Province, a holding company under China International Marine Containers (Group) Co , Ltd (CIMC), is a large heavy truck enterprise integrating the research and development, production
- SAIC Hongyan Sold Over 40,000 Units Trucks from January to July
- Jiefang Heavy-duty Truck Sales Volume Reached 165,000 Units in H1 2018
- China's Commercial Vehicle Sales Reached 399,500 Units in June
- Truck Sales Exceeds Two Million Units in H1 2018
- JAC Hit Record High of 110,000 Units in Light-duty Truck Sales in H1,2018
- FAW Jiefang’s Medium-and Heavy-duty Truck Enjoys 20.9% YOY Growth in June
- Best-Selling Pickup Trucks in China--May 2018
- SAIC Hongyan Sold 559,800 Units Heavy-duty Trucks in January-May
- China Truck Makers Saw Strong Sales in May
- China Sold 162,414 Units Light Trucks in November