Market Share of Africa Automotive Industry
The African automotive market is consolidated and led by globally and regionally established players. The companies adopt new product launches, collaborations, and mergers to sustain their market positions. For instance
In April 2023, Autochek, the African-based automotive technology company, announced its latest acquisition of a majority stake in AutoTager. This Egyptian automotive technology company simplifies the car buying and selling process. This allows Autochek to deepen its presence in North Africa and support the ongoing growth of AutoTager.
In January 2024, Pan-African online used car platform AUTO24.africa acquired Tanzania’s leading digital classifieds property, Kupatana.com. The purchase from parent company Euroafrica Digital Ventures represents a milestone for AUTO24.africa as it solidifies the dominance of Sub-Saharan Africa’s thriving pre-owned automotive market.
Some of the major players in the market include Volkswagen AG, Toyota Motor Corporation, Groupe Renault (including Dacia Sales), Daimler AG, Ford Motor Company, Hyundai Motor Company, and Isuzu Motors.
Africa Automotive Market Leaders
Volkswagen AG
Toyota Motor Corporation
Groupe Renault
Hyundai Motor Corporation
Mercedes Benz Group
*Disclaimer: Major Players sorted in no particular order
