Le Lézard
Classified in: Transportation
Subject: MRR

South Africa Motor Vehicle Industry Report 2023 with Profiles of 100+ Players Such as CFAO, Motus, Toyota, Volkswagen, Ford, BMW, Honda, Daimler Truck, FAW and Scania


DUBLIN, March 27, 2024 /PRNewswire/ -- The "The Motor Vehicle Industry in South Africa 2023" report has been added to ResearchAndMarkets.com's offering.

Research_and_Markets_Logo

 

The outlook for the motor vehicle sector remains uncertain, as domestic sales are likely to remain muted as low consumer confidence and high interest rates affect demand. Estimates are that domestic and export sales growth will slow in 2023. Industry players have warned that exports could be affected if the country does not improve political governance and remove taxes that make domestic cars too expensive for most South Africans to buy. There is also some concern that South Africa may lose export share if it fails to shift to electric vehicle production soon enough.

Report Coverage

This report focuses on the motor vehicle industry, which incorporates the manufacture, distribution, servicing and maintenance of motor vehicles and the manufacture of components.

It contains information on the vehicle population, the size and state of manufacturing, retail and aftermarket, manufacture market share, production statistics, investment by manufacturers, trade, electric vehicles, car prices, corporate actions and influencing factors such as environmental issues, innovation, government support and competition. There are profiles of 102 companies including the major manufacturers such as Toyota, Volkswagen, Ford and BMW, dealerships including CFAO, Motus and Honda, and truck and bus companies such as Daimler Truck, FAW and Scania.

Challenges

Counterfeit vehicles and parts is a growing concern.

Decreasing sales due to the tighter economic environment. Delays in sourcing some vehicle parts and components continue, despite some improvements in semiconductors supply. High import duties on EVs. Increasing input costs. Lack of electricity. Local logistics challenges at ports and rail are lowering the competitiveness of local vehicle manufacturing. Low local EV production and low EV adoption may lead to South Africa failing to take advantage of the growing EV market. Low productivity. No incentives for production of EVs. Political unrest and strikes. Shortage of skills.

Introduction

South African imports of passenger cars and light commercial vehicles grew strongly in 2022. Vehicle exports increased at a lower rate and below the units exported in 2019. Vehicle manufacturing sales grew strongly. Weak consumer confidence and high interest rates have reduced demand for new vehicles, while manufacturers still face some supply challenges for key components, despite the supply of semiconductors improving somewhat in recent months.

The industry is concerned over the delay by the government in finalising an electric vehicle policy.

Opportunities

Import of cheap vehicles.

Increased exports to the rest of Africa. Production of batteries for EVs or supply of key raw materials for battery production. Supply of local inputs by black component suppliers.

Trends

Demand for new vehicles is being reduced by low consumer confidence and high interest rates. EV sales are small but growing. Local consumers are buying cheaper, smaller cars. Local vehicle manufacturers are planning to transition to manufacturing EVs. Manufacturers are developing vehicles with more software features. The share of used cars sales is growing.

Key Topics Covered:

1. INTRODUCTION

2. DESCRIPTION OF THE INDUSTRY
2.1. Industry Value Chain
2.2. Geographic Position
2.3. Size of the Industry

3. LOCAL
3.1. State of the Industry
3.2. Key Trends
3.3. Key Issues
3.4. Notable Players
3.5. Trade
3.6. Corporate Actions
3.7. Regulations
3.8. Enterprise Development and Social Development

4. AFRICA

5. INTERNATIONAL

6. INFLUENCING FACTORS
6.1. Economic Environment
6.2. Labour
6.3. Environmental Issues
6.4. Technology, R&D, Innovation
6.5. Government Support
6.6. Input Costs
6.7. EVs
6.8. Counterfeit Vehicles and Parts
6.9. Vehicle Prices

7. COMPETITIVE ENVIRONMENT
7.1. Competition
7.2. Ownership Structure of the Industry
7.3. Barriers to Entry

8. INDUSTRY SUMMARY

9. OUTLOOK

10. INDUSTRY ASSOCIATIONS

11. REFERENCES
11.1. Publications
11.2. Websites

APPENDIX 1 - SUMMARY OF NOTABLE PLAYERS

COMPANY PROFILES - MANUFACTURERS AND IMPORTS OF MOTOR VEHICLES

COMPANY PROFILES - MANUFACTURERS OF BODIES FOR MOTOR VEHICLES & TRAILERS AND SEMI TRAILERS

COMPANY PROFILES - DOMESTIC VEHICLE SALES & MAINTENANCE AND REPAIR OF MOTOR VEHICLES: DEALERSHIPS

COMPANY PROFILES - FITMENT CENTRES

COMPANY PROFILES - MANUFACTURERS OF PARTS AND ACCESSORIES FOR MOTOR VEHICLES

COMPANY PROFILES - AUTO SALVAGE SECTOR

For more information about this report visit https://www.researchandmarkets.com/r/5di1rh

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected] 
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

 

SOURCE Research and Markets


These press releases may also interest you

28 avr 2024
GAC: Latest Innovative Models and Strategic Plan Debut at Auto China 2024
GAC showcased its latest innovative offerings and strategic plans at Auto China 2024, reinforcing its commitment to driving the future of mobility. In addition to unveiling the latest advancements in intelligent transportation through the "Smart...

28 avr 2024
Sling Pilot Academy and the City of Torrance Settle Business License Dispute
Sling Pilot Academy, a premier flight training institution located in Torrance, CA, and the City of Torrance have settled a dispute in State Court over Sling's business license....

28 avr 2024
CATL and Beijing Hyundai sign strategic agreement on EV batteries
On April 25, 2024, CATL (SZ:300750) and Beijing Hyundai signed a strategic partnership agreement at Auto China 2024 to cooperate on Beijing Hyundai's EV projects and to power future Beijing Hyundai electric models with CATL batteries. As a joint...

28 avr 2024
GAC: Latest Innovative Models and Strategic Plan Debut at Auto China 2024
GAC showcased its latest innovative offerings and strategic plans at Auto China 2024, reinforcing its commitment to driving the future of mobility. In addition to unveiling the latest advancements in intelligent transportation through the "Smart...

28 avr 2024
COPPA DELLE ALPI 2024
The fourth edition of the Coppa delle Alpi by 1000 Miglia starts this afternoon, in Trieste, with technical and administrative checks in Piazza Unità d'Italia, where the regularity race for cars built before 1990 will start in the morning. The race...

28 avr 2024
Why is there no 'overcapacity' at Beijing Auto Show?: Global Times editorial
After a nearly-four-year hiatus, the 2024 (18th) Beijing International Automotive Exhibition (Beijing Auto Show) kicked off on Thursday. The event features more than 1,500 exhibiting companies, 278 new-energy models, 117 world premiere models, and...

More news about Transportation...


News published on and distributed by: