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.
- BYD Stopped the Production of Fuel Vehicles
- Geely Began Test Runs of Green E-methanol Vehicles in Danmark
- 2022 SANY Global Dealer Summit Was Held Successfully Online
- BYD and Shell Partner on EV Charging across China and Europe
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021
- Scania Year-end Report January-December 2021
- Hyundai Motor and Iveco Group Sign MOU to Explore Future Collaboration
- GAUSSIN Enters China, the Largest Truck Market in the World
- Over 1,200 Hydrogen-powered Vehicles Deployed for the Beijing Winter Olympics
- Chinese New Year Holiday Closure Notice
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
- China's Truck Exports Grew by 30% YOY to 63490 Units in January-February
- China's New Energy Heavy Trucks Grew Despite an Overall Slump
- Heavy-duty Truck sales in China Fell by 54% to 54,000 units in February
- SINOTRUK Achieves Sales of 27,725 Vehicles in January, 2022
- China’s Domestic Tractor Sales Exceed 40,000 Units in January
- 2021 JAC International Pickup Export Performance
- JAC Achieved a Great Result in 2021
- China's Truck Export in 2021 Reached a 10-year Peak
- Heavy-duty Truck Sales in China Fall 57 Percent on Year in January
- China Recorded Sales of 645000 Tractors in 2021