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Africa Two Wheeler Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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Report Code :AM 1034
2016-2024
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Executive Summary
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Fig: 1-1 Africa Two Wheeler Market Size USD (Billion). 2016-2024
Fig: 1-2 Africa Two Wheeler Market Share(%), By Region-2016-2024
XX%
CAGR: (2016-2024)
XX% XX%
XX% XX%
XX%
XX%
XX%
XX%
XX%
XX%
2016
2024
XX%
XX%
XX%
XX%
XX% XX% XX%
2016e
2017e
2018f
2019f
2020f
2021f
2022f
2023f
South Africa Rest of Africa
Motorcycles accounted for the highest market share XX% in Africa Two Wheeler Market
Fig: 1-3 Africa Two Wheeler Market Share(%), By Type-2016
XX%
XX%
XX%
XX%
2024f
Source: Goldstein Research
In 2016,
XX%
Morocco
Algeria
Nigeria
Kenya
Ethiopia
Tunisia
Mauritius
Cape Verde
Tanzania
Source: Goldstein Research
With
XX% share in 2016, Nigeria region dominated the collective Africa Two Wheeler market
Fig: 1-4 Africa Two Wheeler Market Share(%), By Fuel Type -2016
XX% XX%
Motorcycles XX%
XX%
Gasoline Electric
Scooters Mopeds XX%
Source: Goldstein Research
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Key Findings
The Africa Two Wheeler market accounted for USD XX billion in 2016 and tends to reach the valuation of USD XX billion by 2024 at a CAGR of XX% over the forecast years owing a rapidly growing urban population (over 5 percent in the three cities) and urban sprawl Inadequate and deteriorating roadway infrastructure in a fast sprawling urban environment (in Douala, for example, the road network has remained unchanged for the past twenty years despite the doubling of population and area so that its road density has declined; 0.5 percent of peripheral settlements have direct access to a paved road) The decline in the organized public transport systems has led to a growth in largely unregulated, informally provided nonconventional public transport, the most dominant being the motorcycles, which is a common form of public transport system on most secondary roads in Kampala, Lagos, and Douala whilst market growth will drive volumes in Nigeria and East & Central Africa, market share gains will be the key catalyst for growth in the Latin American countries of Argentina and Chile. West Africa, despite its relatively smaller size, presents an opportunity as it is a region with both low market share and low penetration The African market is the fastest growing motorcycle market in the world growing at a XX% CAGR in the past five years. With an overall population of XX billion, very young and growing also at the fastest pace in the world, and with GDP per capita now approaching USD XX per capita; a stage at which two-wheeler volumes start taking off; Africa represents one of the most exciting opportunities for two-wheeler manufacturers African two wheeler market is divided into five regions: (i) Nigeria – largest two-wheeler importer globally (XX million units) (ii) Western Africa – taxi market like Nigeria but dominated by Chinese (XX million units) (iii) Eastern and Central Africa – region with the highest scope for growth (XX million units) (iv) Northern and (v) Southern Africa currently do not offer much. Bajaj Auto’s two wheeler exports to Africa can grow from ~XX million units to XX million in the next five years
Africa Two Wheeler Market (USD Billion)
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Nigeria
South Africa
2016
XX Billion
XX Billion
2024
XX Billion
XX Billion
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Inadequate public transportation infrastructure
Advent of motorcycle taxis
Rising demand for public transit
Increasing influx of cheap imports from Indian manufacturers
Easy financing
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Major Players/ Industries
Major Players Presence-Regional Analysis Eastern Africa
Western Africa
Northern Africa
Southern Africa
Honda Motor Co. Ltd Yamaha Motor Company Limited Kawasaki Heavy Industries Motorcycle & Engine Company Ducati Motor Holding S.p.A. Hero Motocorp Ltd. TVS Motor Company Bajaj Auto Limited Suzuki Motor Corporation Harley-Davidson, Inc BMW AG Aprilia Source: Goldstein Research Copyright
High Penetration
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Medium Penetration
Low Penetration
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Africa Two Wheeler Market Size (USD Billion) & Growth Analysis
Fig:- 4-1 Africa Two Wheeler Market Size (USD Billion)-2016-2024 XX
XX
XX% XX%
XX
XX
XX%
XX
XX%
XX
XX
XX%
XX
XX XX%
XX
XX%
XX
XX%
XX
XX
XX
XX XX
Fig:- 4-2 Africa Two Wheeler Market Y-O-Y Growth (%) Analysis-2016-2024
XX
XX
XX% XX%
XX% XX% XX% XX% XX%
XX%
XX%
XX%
XX
XX% XX%
XX
XX%
2015
XX
2015
2016
2017
Source: Goldstein Research
2018
2019
2020
2021
2022
2023
2024
2016
2017
2018
2019
2020
2021
2022
2023
Source: Goldstein Research
 Africa Two Wheeler Industry tends to increase at a CAGR of XX% and reach the market value of USD XX billion by 2024. In 2016, Africa Two Wheeler market valued USD XX billion owing to absence of reliable public transportation system and high cost of passenger cars South Africa, Nigeria and Tanzania are the largest two-wheeler markets in Africa, followed by Kenya, Algeria, Uganda, Egypt, Morocco, Angola and Ethiopia. According to the World Bank, the population of Africa is forecast to reach XX billion by 2024. As the population of the continent continues to grow at an alarming rate, governments and other stakeholders are coming under pressure to develop and strengthen transport networks. Public transportation system in African countries is still inadequate and poorly developed, and consequently, two-wheelers are becoming a key medium for transportation in urban as well as rural settlements
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2024
Market Dynamics
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Growth Drivers
Growth Barriers
ate dequ Ina ans of me tation por trans
Rapid urbanization Booming motorcycle taxis business
General Trend
Highly Complex
Moderately Complex
Waived
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Impacting Factors of Africa Two Wheeler Drivers of Africa Two Wheeler Ducati, Kawasaki and KTM are among motorbike makers looking to build new growth in this market of 600 million people as orders for larger bikes in industrialized countries slow Africa’s vibrant startup scene is gaining momentum, with talk of big investment numbers and entrepreneurs creating deft business solutions spanning the full technological spectrum to meet Africa’s unique challenges Growing per capita income, increasing employment opportunities, developing infrastructure and vast reserves of natural resources are driving the country’s economic growth. According to the Association of Motorcycle Importers and Distributors, the country registers huge demand for premium motorcycle with an engine capacity of more than 500cc, and the same trend is expected to continue over the next five years as well. As these high-end motorcycles are comparatively costlier than other motorcycles with low engine capacities, the two-wheeler market of South Africa is expected to grow at a healthy pace in value terms over the next five years
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Moreover, booming motorcycle taxis business in African countries is further augmenting demand for motorcycles in the continent. Backed by rapid urbanization, growing population and inadequate means of transportation, the segment is anticipated to maintain its dominance over the next five years as well www.goldsteinresearch.com
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