Market Definition
With rapid industrial developments across Africa, the demand for commercial trucks is escalating swiftly. They have become prominent equipment in applications like construction, mining, logistics, & transportation, among others. Due to the low costs & insurance premiums compared to the new trucks, coupled with the increasing freight requirements in the construction & logistics industries, used trucks have gained significant momentum across Africa in previous years.
Market Insights
The Africa Used Trucks Market is projected to grow at a CAGR of around 5.6% during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by various ongoing & upcoming construction projects in different countries of Africa due to the growing government focus on infrastructural developments across the residential, commercial, industrial, healthcare, educational sectors, etc., i.e., propelling the demand for construction equipment & commercial vehicles.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) | 5.6% |
| Key Companies Profiled | Scania AB, AB Volvo, Renault, Isuzu Motors Limited, Man Truck & Bus, Tata Motors Limited, Ashok Leyland Limited, Daimler AG, Mercedes Benz, Hyundai |
| Unit Denominations | USD Million/Billion |
Yet, with the expansive cost of purchasing new trucks for different applications, contractors are shifting their preferences toward buying used trucks and, in turn, driving the market. Besides, with improving road connectivity & increasing trade across borders of different countries in Africa, the transportation & logistic sectors are also substantially expanding and generating a mounting demand for used trucks.
Moreover, the increasing government inclination toward excavation, exploration, & production activities in the mining sector for economic fluidity is another crucial aspect projecting growth opportunities for the leading players to offer used trucks at lower prices and boost the market through 2027.
Impact of Covid-19 on the Africa Used Trucks Market
The advent of Covid-19 in 2020 had a decelerating effect on most industries across Africa, where the Used Truck Market was no exception and witnessed a downfall amidst the crisis. Owing to the severity of the virus, governments of different countries across the region had to impose stringent movement restrictions & frequent lockdowns to curb the spread of this dreadful disease.
Consequently, the leading players in the market faced several unprecedented challenges associated with the demand & deliveries of used trucks. While the governments banned travel & imposed cross-border trade restrictions, the supply & import-export of used trucks were affected severely. Additionally, as most operations were suspended and put on a temporary hold, the market further witnessed a downfall in its growth amidst the crisis.
However, with the gradually declining Covid-19 cases, restrictions were uplifted & business operations got recommenced as usual. As a result, the market players resumed the deliveries, sales, and export & imports of used trucks to meet the burgeoning end-user requirements, which, in turn, enabled to market to regain its usual growth pace.
1. Introduction
1.1. Market Segmentation
1.2. Product Definition
1.3. Research Process
1.4. Assumptions
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Africa Used Trucks Market Voice of Customer
4.1. Brand Awareness
4.2. End User Expectation
4.3. Key Factors Impacting Vendor Selection
4.4. Key Issues Encountered
4.5. Vendor’s Receptiveness to Address Key Customer Issues
4.6. Future Requirements
5. Africa Used Truck Market Analysis, 2017-2027
5.1. Market Size & Analysis
5.1.1. Market Revenue
5.1.2. Units Sold
5.2. Market Share & Analysis
5.2.1. By Application
5.2.1.1. Construction
5.2.1.2. Mining
5.2.1.3. Logistics
5.2.2. By Tonnage Capacity
5.2.2.1. 3.5 tons to 7.5 tons
5.2.2.2. 7.6 tons to 16 tons
5.2.2.3. Above 16 tons
5.2.3. By Country
5.2.3.1. Algeria
5.2.3.2. Ethiopia
5.2.3.3. Tanzania
5.2.3.4. Egypt
5.2.3.5. South Africa
5.2.3.6. Morocco
5.2.3.7. Nigeria
5.2.4. By Fuel Type
5.2.4.1. Diesel
5.2.4.2. Gasoline
5.2.4.3. Petrol
5.2.4.4. Others
5.2.5 By Company
5.2.5.1. Revenue Shares
5.2.5.2. Strategic Factorial Indexing
5.2.5.3. Competitor Placement in MarkNtel Quadrant
6. Algeria Used Truck Market Analysis, 2017-2027
6.1. Market Size & Analysis
6.1.1. Market Revenue
6.1.2. Units Sold
6.2. Market Share & Analysis
6.2.1. By Application
6.2.2. By Tonnage Capacity
6.2.3. By Fuel Type
7. Tanzania Used Truck Market Analysis, 2017-2027
7.1. Market Size & Analysis
7.1.1. Market Revenue
7.1.2. Units Sold
7.2. Market Share & Analysis
7.2.1. By Application
7.2.2. By Tonnage Capacity
7.2.3. By Fuel Type
8. South Africa Used Truck Market Analysis, 2017-2027
8.1. Market Size & Analysis
8.1.1. Market Revenue
8.1.2. Units Sold
8.2. Market Share & Analysis
8.2.1. By Application
8.2.2. By Tonnage Capacity
8.2.3. By Fuel Type
9. Egypt Used Truck Market Analysis, 2017-2027
9.1. Market Size & Analysis
9.1.1. Market Revenue
9.1.2. Units Sold
9.2. Market Share & Analysis
9.2.1. By Application
9.2.2. By Tonnage Capacity
9.2.3. By Fuel Type
10. Ethiopia Used Truck Market Analysis, 2017-2027
10.1.Market Size & Analysis
10.1.1. Market Revenue
10.1.2. Units Sold
10.2.Market Share & Analysis
10.2.1. By Application
10.2.2. By Tonnage Capacity
10.2.3. By Fuel Type
11. Morocco Used Truck Market Analysis, 2017-2027
11.1.Market Size & Analysis
11.1.1. Market Revenue
11.1.2. Units Sold
11.2. Market Share & Analysis
11.2.1. By Application
11.2.2. By Tonnage Capacity
11.2.3. By Fuel Type
12. Nigeria Used Truck Market Analysis, 2017-2027
12.1.Market Size & Analysis
12.1.1. Market Revenue
12.1.2. Units Sold
12.2. Market Share & Analysis
12.2.1. By Application
12.2.2. By Tonnage Capacity
12.2.3. By Fuel Type
13. Africa Used Truck Market Policies, Regulations, Product Standards
14. Africa Used Truck Market Trends & Insights
15. Africa Used Truck Market Dynamics
15.1.Growth Drivers
15.2.Challenges
15.3.Impact Analysis
16. Africa Used Truck Market Hotspot & Opportunities
17. Africa Used Truck Market Key Strategic Imperatives for Success & Growth
18. Competition Outlook
18.1. Competition Matrix
18.1.1. Product Portfolio
18.1.2. Brand Specialization
18.1.3. Target Markets
18.1.4. Target End Users
18.1.5. Research & Development
18.1.6. Strategic Alliances
18.1.7. Strategic Initiatives
18.2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
18.2.1. Scania AB
18.2.2. AB Volvo
18.2.3. Renault
18.2.4. Isuzu Motors Limited
18.2.5. Man Truck and Bus
18.2.6. Tata Motors Limited
18.2.7. Ashok Leyland Limited
18.2.8. Daimler AG
18.2.9. Mercedes Benz
18.2.10. Hyundai
19. Disclaimer
