How big is the Africa Automotive Market?

The Africa Automotive Market size is expected to reach USD 20.5 billion in 2024 and grow at a CAGR of 5.10% to reach USD 26.30 billion by 2029. Read More

What is the current Africa Automotive Market size?

In 2024, the Africa Automotive Market size is expected to reach USD 20.5 billion. Read More

Who are the key players in Africa Automotive Market?

Volkswagen AG, Toyota Motor Corporation, Groupe Renault, Hyundai Motor Corporation and Mercedes Benz Group are the major companies operating in the Africa Automotive Market. Read More

What years does this Africa Automotive Market cover, and what was the market size in 2023?

In 2023, the Africa Automotive Market size was estimated at USD 19.45 billion. The report covers the Africa Automotive Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Automotive Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Africa Automotive Market Share

Statistics for the 2023 & 2024 Africa Automotive market share, created by Mordor Intelligence™ Industry Reports. Africa Automotive share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Africa Automotive Industry

The African automotive market is consolidated and led by globally and regionally established players. The companies adopt new product launches, collaborations, and mergers to sustain their market positions. For instance

In April 2023, Autochek, the African-based automotive technology company, announced its latest acquisition of a majority stake in AutoTager. This Egyptian automotive technology company simplifies the car buying and selling process. This allows Autochek to deepen its presence in North Africa and support the ongoing growth of AutoTager.

In January 2024, Pan-African online used car platform AUTO24.africa acquired Tanzania’s leading digital classifieds property, Kupatana.com. The purchase from parent company Euroafrica Digital Ventures represents a milestone for AUTO24.africa as it solidifies the dominance of Sub-Saharan Africa’s thriving pre-owned automotive market.

Some of the major players in the market include Volkswagen AG, Toyota Motor Corporation, Groupe Renault (including Dacia Sales), Daimler AG, Ford Motor Company, Hyundai Motor Company, and Isuzu Motors.