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Top 10 Local Car Manufacturers Making a Difference in Africa 2025

Summary by The African Exponent
In SummaryThe African automobile market was worth $20.5 billion in 2024, and it is projected to reach $26.3 billion by 2029, showing a CAGR of 5.1%.South Africa, Egypt, Algeria, and Morocco are the leading countries in vehicle sales and production, accounting for over 80% of new vehicle sales in Africa.Africa has a significantly lower motorization rate than the global average, with only around 44 vehicles per 1,000 inhabitants. SUVs are projecte…

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The African ExponentThe African Exponent

Top 10 Local Car Manufacturers Making a Difference in Africa 2025

In SummaryThe African automobile market was worth $20.5 billion in 2024, and it is projected to reach $26.3 billion by 2029, showing a CAGR of 5.1%.South Africa, Egypt, Algeria, and Morocco are the leading countries in vehicle sales and production, accounting for over 80% of new vehicle sales in Africa.Africa has a significantly lower motorization rate than the global average, with only around 44 vehicles per 1,000 inhabitants. SUVs are projecte…

·Tanzania, United Republic of
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The African Exponent broke the news in Tanzania, United Republic of on Tuesday, February 11, 2025.
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