Press Release

Africa Used Truck Market to be Led by logistics industry through 2028.

The key drivers of the Africa Used Truck Market include the need for affordable transportation solutions in resource-constrained economies, the demand for trucks to support diverse industries like agriculture, mining, and logistics, the growth of cross-border trade necessitating efficient transportation, and the availability of refurbished and customized trucks tailored to local conditions. Additionally, technological advancements, such as connectivity and improved fuel efficiency, are influencing market demand.


According to TechSci Research report, “Africa Used Truck Market – By Region, Competition, Forecast & Opportunities, 2028,” key drivers of the used truck market in Africa include economic growth, infrastructural development, and the increasing demand for transportation. The affordability of used trucks, coupled with their durability, makes them attractive options for businesses and individuals alike. Additionally, governmental policies encouraging the use of environmentally friendly vehicles have also boosted the used truck market.


The African used truck market is a vibrant and rapidly expanding sector, known for its distinctive mix of opportunities and challenges. In recent years, there has been a notable surge in the demand for used trucks across Africa, with countries like Kenya, Nigeria, Tanzania, Uganda, and South Africa emerging as frontrunners in the consumption of these vehicles. The growth in the used truck market can be attributed to various factors, including the need for affordable transportation solutions, the rising logistics industry, and the increasing trade activities within the continent. This trend showcases the immense potential and economic significance of the African used truck market, making it an enticing and promising sector for both local and international investors.


The increasing demand for used trucks can be attributed to various factors. Firstly, the expansion of the construction sector has created a need for reliable and cost-effective transportation vehicles. Additionally, the growing requirements for the transportation of goods and people have fueled the demand for used trucks. Furthermore, many African nations are currently undergoing significant infrastructural development, which further drives the need for sturdy and dependable trucks. Moreover, used trucks offer an affordable alternative to new ones, making them a preferred choice for businesses that operate under tight budget constraints. With their reliability, cost-effectiveness, and suitability for various industries, it's no wonder that used trucks have become increasingly popular in the market.


However, the African used truck market is not without its hurdles. One of the major challenges is the quality of the used trucks available in the market. Often, these vehicles come with a history of lengthy service and substantial wear and tear, which can lead to high maintenance costs and reduced lifespan. This, in turn, poses a significant concern for buyers who are looking for reliable and durable options. As a result, there has been an increasing demand for well-maintained, quality used trucks that have undergone thorough inspections and refurbishments to ensure their longevity and performance. Buyers are now seeking trucks that not only meet their transportation needs but also provide peace of mind and a sense of reliability. This shift in demand has encouraged sellers and dealers to invest in the refurbishment and maintenance of used trucks, aiming to meet the growing market demand for dependable and high-quality vehicles.


To meet the increasing demand, importers frequently seek their stock from Europe, Japan, and the United States. These regions are renowned for their stringent regulations and impeccable standards when it comes to vehicle production, ensuring high-quality products. Moreover, these nations boast thriving used vehicle markets, continually providing Africa with a steady supply of trucks to cater to its needs.


One noticeable trend in the market is the growing preference for used trucks from well-recognized brands. Many buyers are opting for renowned brands like Mercedes-Benz, Volvo, and Scania, appreciating not only their reputation for durability and reliability but also the extensive availability of spare parts. This combination gives them peace of mind knowing that their investment in a used truck will be well-supported and that maintenance and repairs can be easily addressed.


Government regulations also play a critical role in shaping the continent's used truck market. In some countries, there are specific restrictions on the age limit of imported used trucks, aiming to control the influx of older, more polluting vehicles and promote environmentally friendly transportation. These regulations can vary significantly from one country to another, taking into account factors such as emissions standards and safety requirements, which in turn influence the type and age of the used trucks entering the market. Therefore, understanding and navigating the regulatory landscape is crucial for businesses operating in the used truck industry.


A promising and exciting development in the African used truck market is the rapid rise of online platforms dedicated to buying and selling used trucks. These innovative platforms have emerged as a game-changer, providing a transparent and highly efficient way for buyers and sellers to connect effortlessly. With their user-friendly interfaces and comprehensive features, these platforms are gaining immense popularity among truck enthusiasts and businesses alike. The convenience they offer, coupled with their vast selection of available trucks, makes them the go-to destination for anyone in search of reliable and affordable used trucks in the African market.

 

Browse over xx market data Figures spread through xx Pages and an in-depth TOC on "Africa Used Truck Market."

 

The Africa Used Truck Market is analyzed based on Tonnage Capacity, by Fuel Type, by Application type, and by country. Based on the Tonnage Capacity the market is segmented into 3.5 Tons to 7.5 Tons, 7.5 Tons to 16 Tons, 16 Tons to 30 Tons and Above 30 Tons. Based on the Fuel Type the market is divided into Diesel, Petrol, others. Based on the Application Type the market is divided into Construction, Logistics, and Mining.


Key market players in the Africa Used Truck market include:

               Daimler AG

               MAN SE

               Hino Motors

               Tata Motors Limited

               Ashok Leyland Limited

               Isuzu Motors Limited

               Toyota Motor Corporation

               AB Volvo

               Scania AB


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“The used truck market in Africa is significantly propelled by factors such as fiscal expansion, improvements in infrastructure, and a growing necessity for transport services. The cost-effectiveness and resilience of pre-owned trucks render them appealing for both corporations and private individuals. Furthermore, the push by governments for the adoption of eco-friendly vehicles has also stimulated the second-hand truck industry. Thus, from the aforesaid reasons it becomes certain that the Africa Used Truck market is going to see huge growth in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.  


Africa Used Truck Market, By Tonnage Capacity (3.5 Tons to 7.5 Tons, 7.5 Tons to 16 Tons, 16 Tons to 30 Tons and Above 30 Tons), By Fuel Type (Diesel, Petrol, others), By Application Type (Construction, Logistics, and Mining), By Country, Competition, Forecast & Opportunities, 2018 – 2028” has evaluated the future growth potential of Used Truck market in Africa and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the Africa Used Truck market.



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Relevant Reports

Africa Used Truck Market Segmented By Tonnage Capacity (3.5 Tons to 7.5 Tons, 7.5 Tons to 16 Tons, 16 Tons to 30 Tons and Above 30 Tons), By Fuel Type (Diesel, Petrol, Others), By Application Type (Construction, Logistics, Mining and Others), By Country, Competition, Forecast & Opportunities, 2018 – 2028F

Automotive | Nov, 2023

The key drivers of the Africa Used Truck Market include the need for affordable transportation solutions in resource-constrained economies, the demand for trucks to support diverse industries like agriculture, mining, and logistics, the growth of cross-border trade necessitating efficient transportation, and the availability of refurbished and customized trucks tailored to local conditions. Additionally, technological advancements, such as connectivity and improved fuel efficiency, are influencing market demand.

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