Africa Used Truck Market to Grow at a CAGR of 9.2% during the forecast period of 2025–2030.
The growing demand for
affordable and reliable transportation solutions in emerging markets, the
increasing trend of fleet expansion in logistics and construction industries,
and the rising preference for used trucks due to their cost-effectiveness are
the factors driving the market in the forecast period 2026-2030.
According to TechSci
Research report, “Africa Used Truck Market, Africa Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”, The Africa Used Truck market was valued at USD
5.8 Billion in 2024 and is projected to reach approximately USD 9.0 Billion by
2030, expanding at a CAGR of 9.2% during the forecast period of 2025–2030. The Africa Used Truck
Market continues to grow because of increased demand for economical and
reliable transportation, especially in sectors like logistics and construction.
This trend has become stronger as the construction industry flourishes, driving
the need for commercial vehicles. Due to their affordability, used trucks are
gaining popularity as an alternative to new trucks, providing businesses with
budget-friendly options.
Industrial expansion in
African nations plays a key role in fueling the market for used trucks.
Investments in infrastructure development and the growing demand for goods
transportation are further accelerating this trend. The need for trucks in
industries ranging from logistics to construction has prompted companies to
choose used vehicles to manage their operating costs effectively. Despite the
growth opportunities, the market faces challenges, particularly related to
regulatory compliance and safety standards. In some Country, emission standards
and vehicle condition regulations pose hurdles to the trade of used trucks.
Additionally, the rise of new truck manufacturers could reduce the appeal of
used vehicles. However, businesses still see great potential in the used truck
market as they aim to reduce expenses and enhance their logistics capabilities.
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Africa
Used Truck Market Is Segmented by Vehicle Type, Fuel Type, Sales Channel and By
Country.
The Africa Used Truck
Market is segmented by fuel type, including diesel, petrol, and other
alternatives. Diesel trucks continue to dominate the market due to their fuel
efficiency and better performance, particularly for long-haul transportation.
Diesel-powered trucks are favored for their durability and reliability in harsh
operating conditions, making them suitable for the diverse terrains across
Africa. Petrol trucks, while less
popular than diesel, are still a viable option for certain markets, especially
in Country where fuel prices are relatively low and the demand for lighter
vehicles is higher. However, the market for petrol-powered trucks is somewhat
constrained by the lower fuel efficiency compared to diesel models, limiting
their widespread adoption in the used truck market. The Others category
includes alternative fuel types like natural gas and electric trucks. These are
still in the early stages of adoption in Africa, but with increasing focus on
environmental sustainability and government policies promoting cleaner energy,
there may be a gradual shift toward these alternative fuel vehicles in the
coming years. Although the market share for Others is currently small, it holds
potential for future growth as infrastructure and regulatory environments
evolve to support these technologies.
In 2024, Nigeria is
expected to be the fastest-growing country in the Africa Used Truck Market. The
country's large population and increasing economic activities in sectors like
agriculture, construction, and logistics are significant contributors to this
growth. Nigeria’s expanding industrial landscape has created a high demand for
transportation solutions, and used trucks are a cost-effective option for
businesses in need of commercial vehicles. The Nigerian government’s push
towards infrastructure development and the improvement of trade routes across
the country has further fueled the demand for used trucks. With a thriving
transport sector and the increasing movement of goods across the Country, more
businesses are opting for used trucks as an affordable alternative to new
models. This trend is expected to continue as Nigeria strengthens its position
as a key player in the African logistics and transportation markets.
Major Market Players
Operating in Africa Used Truck Market Are:
- Volvo Group
- Daimler AG (Mercedes-Benz
Trucks)
- MAN Truck
& Bus SE
- Scania AB
- Isuzu
Motors Ltd.
- Hino Motors
Ltd.
- Navistar
International Corporation
- Ford Motor
Company
- Tata Motors
Limited
- Ashok
Leyland Limited
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Government
regulations aimed at improving road safety and fostering sustainable transport
are significantly shaping the trajectory of the Africa Used Truck Market.
Regulatory frameworks promoting the use of vehicles with lower emissions,
alongside more stringent inspection protocols and emission compliance measures,
are influencing both import practices and buyer preferences toward more
fuel-efficient, regulation-compliant used trucks. At the same time, initiatives
supporting the integration of cleaner technologies and alternative fuels into
commercial transport, as well as investments in logistics infrastructure like
upgraded roadways and traffic systems, are affecting fleet purchase decisions
across the Country. As governments across Africa prioritize environmental
conservation and transportation modernization, there is a clear move toward
pre-owned trucks that adhere to evolving safety and emissions standards. This
shift, reinforced by growing awareness among fleet operators and logistics
providers, is anticipated to drive the growth of the market during the forecast
period, as stakeholders align their operations with sustainable mobility
targets, said Mr. Karan Chechi, Research Director of TechSci Research, a
research-driven global management consulting firm.
The report
titled “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
(Diesel, Petrol, Others), By Application (Construction, Logistics, Mining and
Others), By Country, Competition, Forecast & Opportunities, 2020-2030F”,
assesses the market's future growth potential and provides data on market size,
trends, and forecasts. It aims to offer comprehensive market insights, helping
decision-makers make informed investment choices. The report also highlights
emerging trends, key drivers, challenges, and opportunities in the Africa Used
Truck Market.
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