Exploring Africa Used Trucks Market: Rising Trends, Opportunities and Challenges Forecast 2030

11SepSeptember 11, 2024

Exploring Africa Used Trucks Market: Rising Trends, Opportunities and Challenges Forecast 2030

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Africa Used Trucks Market Overview:

According to MarkNtel Advisors study the 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.

Key Findings of the Study: Africa Used Trucks market

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.

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Scope of the Africa Used Trucks Market Report Segmentation

-By Application

Construction
Mining
Logistics

-By Tonnage Capacity

5 tons to 7.5 tons
6 tons to 16 tons
5Above 16 tons

For more detailed information about the Africa Used Trucks market report, click here – https://www.marknteladvisors.com/research-library/africa-used-trucks-market.html

Geographical analysis:

-By Country

Algeria
Ethiopia
Tanzania
Egypt
South Africa
Morocco
Nigeria

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.

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.

Current Landscape of Africa Used Trucks Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Africa Used Trucks market. The research report profiles major players, including

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Scania AB
AB Volvo
Renault
Isuzu Motors Limited
Man Truck and Bus
Tata Motors Limited
Ashok Leyland Limited
Daimler AG
Mercedes Benz
Hyundai

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.