Africa Used Trucks Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-30
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.
Markntel Advisor’s Africa Used Trucks Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Africa Used Trucks Market drivers, barriers, Africa Used Trucks Market Trends, and Key Players in Africa Used Trucks Market.
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Africa Used Trucks Market Trend: 2024-2030
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.
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Africa Used Trucks Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Application
- Construction
- Mining
- Logistics
- By Tonnage Capacity
- 5 tons to 7.5 tons
- 6 tons to 16 tons
- 5Above 16 tons
- By Country
- Algeria
- Ethiopia
- Tanzania
- Egypt
- South Africa
- Morocco
- Nigeria
- By Fuel Type
- Diesel
- Petrol
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Top Companies Operating in the Africa Used Trucks Market:
- 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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