Africa Used Trucks Market Research Report: Forecast (2024-2030)

Market Definition

Trucks play a pivotal role in the African economy, not just in traditional sectors of agriculture and mining but also in the emerging sectors of construction and transportation. Trucks are relied upon to navigate different terrains of the continent to perform various functions from transportation of goods in the city or across borders to construction work. The high upfront cost of new trucks makes relatively cheaper used trucks the preferred choice for many businesses and individual operators to sustain their operations.

Market Insights & Analysis: Africa Used Trucks Market (2024-30):

Africa Used Trucks Market size is estimated to grow at a CAGR of around 5.6% during the forecast period, i.e., 2024-30. Trucks play a crucial role in various economic functions in Africa. African countries are under development and many do not have a proper road network. Trucks work as the primary transportation solution and navigate through all sorts of terrain to sustain the African economy. With the government focused on infrastructure development trucks play various roles at construction sites such as concrete mixers, dump trucks, transporters for materials, and others. Trucks also facilitate cross-border trade among African nations, since transportation channels are still under development, a major portion of trade is carried out by trucks only. Trucks are a crucial lifeline of the African supply chain.

Yet, business owners and individual operators choose to opt for used trucks. The major factor behind this is the upfront cost. Various African nations have resource constraints and cannot meet the demand if they opt for new trucks, used trucks become a more appropriate choice for them to sustain their operation. Used Trucks are relatively cheaper. Additionally, the availability of customization to local requirements and spare parts in South Africa, which acts as a base of manufacturing for various truck companies, fuels the growth & expansion of the Africa Used Trucks Market during the forecast period.

Africa Used Trucks Market Driver:

Increasing Infrastructure Development Projects – African nations are focused on developing the infrastructure as it will facilitate various sectors and economic growth. Projects to build roads, bridges, ports, and other facilities that support the economic functions in the country are ongoing or upcoming. For construction works, trucks are required to carry out different functions such as transporting raw materials, machinery, and other resources to and from the construction site.

As it requires different kinds of trucks like tippers, flatbeds, cranes, and others, businesses, and individual operators turn to the used trucks market due to monetary constraints as various countries in Africa lack financial resources and cannot afford the new trucks with high price tags. The used trucks industry offers options with relatively lower upfront costs. These trucks are also modified to suit the African terrain requirements as it is rough on vehicles, making them a more suitable, ideal choice, especially for small businesses and individuals. Thus, the increasing infrastructure development projects are augmenting the size & volume of the regional used truck industry.

Africa Used Trucks Market Challenge:

Lack of Reliable Maintenance Network Hindering Market Growth – Maintenance is necessary for the efficient operation of used trucks, especially considering the harsh roads and inadequate infrastructure that can lead to more wear and tear and shorten the lifespan of the trucks. To keep the downtime short, regular maintenance is necessary. That raises concerns about the availability of genuine spare parts. Availability of spare parts can be a concern for old or lesser-known models. Moreover, there is a lack of skilled mechanics who can perform maintenance on the used trucks. They are scarce which leads to a longer downtime and increases the operational costs for the owner.

Moreover, the irregularities in the import and export laws of different countries of the continent hinder the availability of parts even further. Restrictions on the import of certain trucks or parts and different emission norms make it difficult to establish a consistent supply chain. Thus, the absence of a well-established maintenance network obstructs the growth & development of the key players in the African used truck industry.

Africa Used Trucks Market Trend:

Increasing Adoption of Trucks Equipped with Advanced Features – The African market is adopting new brands and these brands are becoming more prevalent in the used truck market, Indian and Chinese brands are gaining traction as they add a variety and offer more choices while keeping the price lower. These cost-effective options are making the Indian and Chinese brands popular. Additionally, the African market is leaning towards trucks equipped with modern technology. Interest in trucks equipped with advanced features and safety measures that offer connectivity options is increasing because these features reduce operational costs and increase productivity. Several companies offer certified pre-owned trucks that go through strict standardized quality control checks to ensure the customer of the performance of the truck.

Thus, increasing inclination toward trucks equipped with advanced features is changing the market outlook and is anticipated to create huge demand for the market players in the coming years.

Africa Used Trucks Market (2024-30): Segmentation Analysis

The Africa Used Trucks Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the regional level. Based on the analysis, the market has been further classified as:

Based on Application:

• Construction
• Mining
• Logistics
• Others

Used trucks in Africa find various applications across all sectors such as agriculture, construction, mining, goods transportation, waste management, etc. Among these construction segment commands a relatively larger share. The African nations are focused on infrastructure development and expansions, various ongoing and upcoming large-scale projects that require different types of trucks to perform different tasks such as concrete mixing trucks, tippers to transport sand and gravel and carry the waste materials off the site, cranes, flatbeds to transport heavy equipment. Thus, as the construction sector in the region is flourishing, demand for used trucks also increases, ultimately augmenting the segmental revenue growth.

Based on Propulsion Type:

• Diesel
• Electric
• Petrol

Diesel trucks dominate the market with their tried and tested reliability and durability. This segment holds a major share of the used trucks industry in the African region. Diesel engines are made to perform under rough circumstances and to last longer while maintaining fuel efficiency.  The African continent has harsh conditions and diesel trucks are the practical choice for various reasons. Diesel engines have higher torque and churn out more power on lower RPM making it easier for drivers to tackle the rough terrain while hauling large loads. Thus, comparative advantages over other choices make diesel propulsion type one of the preferred choice among end-users, ultimately boosting the size & volume of this segment in the regional market.

Africa Used Trucks Market (2024-30): Regional Projections

Geographically, the Africa Used Trucks Market expands across:

• Algeria
• Ethiopia
• Tanzania
• Egypt
• South Africa
• Morocco
• Nigeria
• Rest of Africa

South Africa dominates the African Used Trucks Market due to factors such as a diverse economy which includes sectors such as agriculture, mining, and others, and various truck manufacturing companies setting their headquarters in the country. South Africa also has a vast network of ports and relies heavily on trucks for logistical solutions, creating a constant demand for trucks as they are required to transport goods and resources within the country and across the border to maintain trade flow among countries which is a necessary economic activity. South Africa is also engaged in mining which requires constant use of trucks to transport resources to and from the mines, fueling the market growth even further.

Moreover, the presence of various truck companies in the country facilitates the maintenance of the used trucks as the spare parts and skilled mechanics are available, which makes owning a used truck more feasible as they require regular maintenance, especially in the rough conditions of Africa where trucks navigate through rough terrain, unpaved roads, and harsh climate. Thus, due to several positive aspects, South Africa Used Trucks Market witnessing steady revenue growth.

Africa Used Trucks Market Recent Development:

• 2023: Morocco receives the first large electric truck from Volvo Trucks. This is the first big battery-electric truck from a multinational manufacturer to be used for commercial purposes in Africa, and the customer is the refuse collection organization Arma.
• 2023: Daimler Trucks introduced an online parts store. This click-and-collect system allows customers to purchase over 400 parts online, including oil, batteries, service, and wear and tear components, for pick-up within 24 hours at their chosen dealership.

Gain a Competitive Edge with Our Africa Used Trucks Market Report

1. The Africa Used Trucks Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. Africa Used Trucks Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.