Africa used truck market Size,Share 2024- TechSci Research by David Johnson

Published: May 2019 Market Intelligence . Consulting

2014 â&#x20AC;&#x201C; 2024

Africa Used Truck Market By Application, By Tonnage Capacity, By Fuel Type, By Country, Competition Forecast & Opportunities

Table of Contents S. No.

Contents

Product Overview

Research Methodology

Analyst View

Voice of Customer

4.1.

Factors Influencing Purchase Decision

4.2.

Brand Satisfaction Level

4.3.

Challenges/Unmet Needs

Africa Used Truck Market Outlook 5.1.

Market Size & Forecast 5.1.1.

5.2.

By Value & Volume

Market Share & Forecast 5.2.1.

By Application (Logistics, Mining & Construction)

5.2.2.

By Tonnage Capacity (3.5-7.5ton, 7.5-16ton & Above 16ton)

5.2.3.

By Fuel Type (Diesel, Gasoline/Petrol & Others)

5.2.4.

By Company

5.2.5.

By Country

5.3.

Market Attractiveness Index (By Application)

5.4.

Market Attractiveness Index (By Fuel Type)

5.5.

Market Attractiveness Index (By Country)

5.6.

Africa Used Truck Market Regional Analysis 5.6.1.

South Africa Used Truck Market Outlook 5.6.1.1.

Market Size & Forecast 5.6.1.1.1.

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By Value & Volume

2 2

Table of Contents S. No.

Contents 5.6.1.2.

5.6.2.

Market Share & Forecast 5.6.1.2.1.

By Application

5.6.1.2.2.

By Tonnage Capacity

5.6.1.2.3.

By Fuel Type

5.6.1.3.

Market Attractiveness Index (Application Type)

5.6.1.4.

Market Attractiveness Index (Fuel Type)

5.6.1.5.

Pricing Analysis

5.6.1.6.

Import Tariff

Nigeria Used Truck Market Outlook 5.6.2.1.

Market Size & Forecast 5.6.2.1.1.

5.6.122.

5.6.3.

Market Share & Forecast 5.6.2.2.1.

By Application

5.6.2.2.2.

By Tonnage Capacity

5.6.2.2.3.

By Fuel Type

5.6.2.3.

Market Attractiveness Index (Application Type)

5.6.2.4.

Market Attractiveness Index (Fuel Type)

5.6.2.5.

Pricing Analysis

5.6.2.6.

Import Tariff

Tanzania Used Truck Market Outlook

5.6.3.1.

Market Size & Forecast 5.6.3.1.1.

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By Value & Volume

3 3

Table of Contents S. No.

Contents 5.6.3.2.

5.6.4.

Market Share & Forecast 5.6.3.2.1.

By Application

5.6.3.2.2.

By Tonnage Capacity

5.6.3.2.3.

By Fuel Type

5.6.3.3.

Market Attractiveness Index (Application)

5.6.3.4.

Market Attractiveness Index (Fuel Type)

5.6.3.5.

Pricing Analysis

5.6.3.6.

Import Tariff

Algeria Used Truck Market Outlook 5.6.4.1.

Market Size & Forecast

5.6.4.1.1. 5.6.4.2.

5.6.5.

Market Share & Forecast 5.6.4.2.1.

By Application

5.6.4.2.2.

By Tonnage Capacity

5.6.4.2.3.

By Fuel Type

5.6.4.3.

Market Attractiveness Index (Application)

5.6.4.4.

Market Attractiveness Index (Fuel Type)

5.6.4.5.

Pricing Analysis

5.6.4.6.

Import Tariff

Ethiopia Used Truck Market Outlook 5.6.5.1.

Market Size & Forecast 5.6.5.1.1.

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By Value & Volume

4 4

Table of Contents S. No.

Contents 5.6.5.2.

5.6.6.

Market Share & Forecast 5.6.5.2.1.

By Application

5.6.5.2.2.

By Tonnage Capacity

5.6.5.2.3.

By Fuel Type

5.6.5.3.

Market Attractiveness Index (Application)

5.6.5.4.

Market Attractiveness Index (Fuel Type)

5.6.5.5.

Pricing Analysis

Egypt Used Truck Market Outlook 5.6.6.1.

Market Size & Forecast 5.6.6.1.1.

5.6.6.2.

5.6.7.

Market Share & Forecast 5.6.6.2.1.

By Application

5.6.6.2.2.

By Tonnage Capacity

5.6.6.2.3.

By Fuel Type

5.6.6.3.

Market Attractiveness Index (Application)

5.6.6.4.

Market Attractiveness Index (Fuel Type)

5.6.6.5.

Pricing Analysis

5.6.6.6.

Import Tariff

Morocco Used Truck Market Outlook 5.6.7.1.

Market Size & Forecast 5.6.7.1.1.

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By Value & Volume

5 5

Table of Contents S. No.

Contents 5.6.7.2.

Market Share & Forecast 5.6.7.2.1.

By Application

5.6.7.2.2.

By Tonnage Capacity

5.6.7.2.3.

By Fuel Type

5.6.7.3.

Market Attractiveness Index (Application)

5.6.7.4.

Market Attractiveness Index (Fuel Type)

5.6.7.5.

Pricing Analysis

5.6.7.6.

Import Tariff

Market Dynamics 6.1.

Drivers

6.2.

Challenges

Market Trends & Developments

Competitive Landscape 8.1.

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Company Profiles 8.1.1.

Scania AB

8.1.2.

AB Volvo

8.1.3.

Toyota Motor Corporation

8.1.4.

MAN SE

8.1.5.

Daimler AG

6 6

Table of Contents S. No.

Contents 8.1.6. 8.1.7. 8.1.8. 8.1.9. 8.1.10.

9. 10.

Isuzu Motors Limited Hino Motors Tata Motors Limited Ashok Leyland Limited Dongfeng Commercial Vehicle Co Limited

Strategic Recommendations About Us & Disclaimer

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Product Overview

Product Definition “A truck (or lorry) is a motor vehicle designed to transport cargo. Trucks vary in size, power, and

configuration and are majorly powered by diesel engines, followed by gasoline and CNG engines”.

Product Classification

Segment

Truck

Tonnage Capacity (Tons)

• • •

3.5-7.5 tons 7.5-16 tons Above 16 tons

Fuel Type

• • •

Diesel Gasoline/petrol Others(CNG, LPG, etc.)

Application

• • •

Logistics Mining Construction

8 © TechSci Research

Research Methodology

Market Profiling

In-depth secondary research was conducted to determine top players in Africa used truck market, overall market size and segmental market size.

Formulating Questionnaire

In order to conduct industry experts’ interviews, TechSci formulated a detailed questionnaire.

Data Collection

Developing list of respondents

List of industry players, distributors, and industry specialists was developed.

TechSci Research conducted interviews with industry experts and industry players for data collection and verification.

Data obtained as a result of primary and secondary research was validated through rigorous triangulation.

Primary Research ✓ ✓ ✓

Questionnaire Design In-depth Interviews

Primary Research

Data Collection

Data Filter Research & & Analysis Intelligence

Actionable Insights

Business Solution

✓

TechSci Internal Database LinkedIn

The data was scrutinized using MS-Excel and statistical tools such as Time Series Analysis etc. to obtain qualitative and quantitative insights about the Africa used truck market.

Desk Research

Identifying Key Opinion Leaders

✓

Data Analysis

Data Validation

✓

Recent Developments

✓

Market Changing Aspects/Dynamics

✓

Government Policies

✓

Final Conclusion

Company Analysis

Secondary Research ✓ ✓ ✓ ✓ ✓ ✓ ✓

Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc.

✓

Market Participants

✓

Key Strengths

✓

Commercial Vehicle Portfolio

Paid Sources

✓ ✓

Factiva Hoovers

9 © TechSci Research

Research Methodology

Baseline Methodology: For the study, TechSci Research has gathered information through primary research surveys with leading used truck importing companies, across the region. We also put through an exhaustive search of credible paid databases, such as Business Week, Factiva, Hoovers, etc., including our internal database. Our team of analysts has then prudently evaluated all the collected information and presented the same in chronological order to depict a meaningful and clear picture of the Africa used truck market. While compiling the data, we have also cross checked all the collected information from multiple sources and data warehouses, so as to present the most accurate and precise information of the concerned industry. We have used innovative business model that focuses on improving productivity, while ensuring creation of high-quality reports.

Regional Scoping

Regions

Africa

Prominent Countries

South Africa

Nigeria

Algeria

Morocco

Ethiopia

Tanzania

Egypt

10 ÂŠ TechSci Research

Research Methodology Market Size Calculation Technique: Primary Research For the preparation of the Africa used truck market report, bottom-up model has been used, which has been later cross validated by using top-down approach. TechSci interviewed senior managers and regional managers of the prominent used truck importing companies using Delphi technique for calculating the Africa used truck market size. Respondents were also asked about the current and future growth rates, market share by application, tonnage capacity, etc. All the information gathered was carefully analyzed. Data points which exhibited high deviations from the majority estimates were eliminated as outliers and the remaining refined data points were put together to arrive at the volume data.

S. No. Company Names Primary Research – Few of the Companies Interviewed

MAN

Scania

Isuzu

Ashok Leyland

Secondary Research: We have also put through an exhaustive search of credible paid databases, such as Factiva, Hoovers, etc., in addition to our internal database. Further analysis of credible publications, white papers, companies’ annual reports, investor presentations, news articles, etc., was done to cross validate the end findings derived from primary research.

Research Methodology

S. No.

Few of the Secondary Sources

Organisation Internationale des Constructeurs d’Automobiles (OICA)

National Association of Automobile Manufacturers of South Africa (NAAMSA)

World Bank

International Monetary Fund (IMF)

Forecasting Technique: The team has done forecasting on the basis of econometric and judgemental analysis in addition to statistical techniques, such as averaging, and geometric mean. During primary interviews, questions regarding historical trends of the Africa used truck market during the last five years were put forward. Respondents were asked about the current and future growth rates, market share by application, in Africa. In order to forecast the Africa used truck market, following forecast techniques have been used:

•

Time Series Analysis

•

Econometric and Judgmental Analysis

•

Moving Average

INDUSTRY BRIEF According to TechSci Research report, “Africa Used Truck Market By Application, By Tonnage Capacity, By Fuel Type, By Country, Competition Forecast & Opportunities, 2014 - 2024”, Africa used truck market is projected to cross $ 3.1 billion by 2024. Absence of major truck OEMs manufacturing facility across the

region along with the growing consumer preference towards used trucks are few of the key factors which are generating demand for used trucks across the region. Additionally, inflation in several African countries is surging the prices of new trucks, which in turn, is pushing demand for used trucks across Africa. Growing acceptance of used trucks among consumers from different industry segments as well as close monitoring on quality of used import trucks, is further expected to compliment the overall used truck market across Africa over the next five years. With an expanding volume share of over 59%, used trucks above 16 tons dominated Africa used truck market, followed by the 7.5-16 ton and 3.5-7.5 ton segments, as of 2018. On account of growing requirement for used trucks by various logistics companies for logistics purposes, the requirement for used trucks above 16 tons is estimated to surge at a brisk pace during forecast period as well. Used truck market was witnessed to be largely concentrated in South Africa, followed by Nigeria and Tanzania owing to the countries’ extensive automobile sales. Rising presence of various companies such as Scania, Volvo, MAN, Toyota, etc., and their growing dealer and distribution network to introduce more

technologically advanced as well as efficient trucks in the African continent is anticipated to intensify competition in used truck market across the region over the course of next five years. On account of expanding research and development projects of various key companies and their continuously rising penetration in Africa used truck industry coupled with the increasing demand for used trucks across the region, the revenue generation from the used truck market is anticipated to grow at a rapid pace during forecast period. “With booming e-commerce industry, demand for used trucks is also likely to increase across Africa. Furthermore, rising demand for efficient supply chain to transport goods across the region is boosting demand for used trucks. In addition, government regulation on used truck import, keeping in view the rising pollution levels, would positively influence Africa used truck market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a

SAMPLE DATA - SNAPSHOT Africa Used Truck Market Size, By Value (USD Billion), By Volume (Thousand Units), 2014-2024F

2014

CAGR 2014-2018

CAGR 2019E-2024F

By Value: xx% By Volume: xx%

2015

2016 2017 2018 Value (USD Billion)

2019E

3.00%

Mining

2.00%

Petrol/Gasol ine

2.50% 2.00%

Logistics

1.50%

Others

3.50%

Construction

2.50%

2024F

Type, By Volume, 2019E-2024F

Application, By Volume, 2019E-2024F

3.00%

2023F

Tanzania Used Truck Market Attractiveness Index, By Fuel

Morocco Used Truck Market Attractiveness Index, By

3.50%

2020F 2021F 2022F Volume (Thousand Units)

1.50%

1.00%

Diesel

1.00%

0.50% 0.00% 0.00

0.50% 1.00

0.00% 0.00 1.00 2.00 Egypt Used Truck Market Share, By Application, By Volume, 2014-2024F 2.00

3.00

4.00

3.00

50.00%

30.00%

20.00%

2014

2015

2016 2017 Logistics

2018

2019E 2020F Construction

2021F

2022F 2023F Mining

2024F

4.00

14 14

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Report Name: Africa Used Truck Market By Application, By Tonnage Capacity, By Fuel Type, By Country, Competition Forecast & Opportunities 2014 – 2024

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business

models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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