Search results for: 'Transportation-as-a-Service'

The global oil and gas PPE market generated a revenue of $6.3 billion in 2018 and is expected to grow at a CARG of 3.7% between 2018 and 2023. Protective clothing, protective footwear, and gas protection are the major product segments; they accounted for 25.5%, 25.3%, and 11.8%, respectively, and are set to see the highest growth. North America, AP...

Nigeria, one of Africa’s largest economies, is diversifying to reduce its dependence on oil revenues and strengthen key non-oil industries. As the continent’s most populous nation, the country presents a rising demand for commercial vehicles, fueled by urban expansion, infrastructure projects, and growing trade activities. The automotive market is ...

Moroccan electricity industry is facing a steady growth demand, having increased yearly by six to eight per cent in the past 10 years. Growth has been driven by robust economic development and improved welfare conditions, following various economic reforms. Electricity in Morocco is mainly generated from fossil fuels and, more particularly, fuel oi...

Africa’s industrial prospects have evolved over the last twenty years, as the continent entered a period of sustained growth. That growth has spurred developments in transport infrastructure and improved industrial prospects. One of these sectors is the automotive assembly and manufacturing sector. This research service covers the commercial vehic...

05 May 2017  |  Africa  |  Market Research

African Commercial Vehicles Market, Forecast to 2025

Despite Slowdown, the Market is Expected to Grow at a Robust CAGR of 6.1% until 2025, Driven by Increasing Infrastructure Developments

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The African commercial vehicles (CV) market, despite the slowdown due to low oil and commodity prices, is expected to grow at a compound annual growth rate (CAGR) of 6.1%, largely driven by increasing infrastructural developments and rising urbanisation. South Africa is the largest contributor to the CV market in Africa, with 53% share. However, un...

South Africa is a middle-income, emerging market with abundant natural resources. Mining, mineral processing, and manufacturing are the main sectors driving industrial growth in the country. Globally, South Africa has one of the largest coal reserves; its use is limited to power generation and heating applications in industrial processes. The count...

Spared of widespread coronavirus outbreaks, the Kenyan economy reported a small economic contraction in 2020 as robust growth across agriculture, financial services, real estate, and construction largely offset the sharp decline in hospitality, tourism, and transport services. The economy registered an impressive rebound in 2021, led by the broad-b...

The Egyptian economy has witnessed a significant GDP growth increasing from 2.1% in 2012/13 to 4.2% in 2014/15 due to improving political conditions and introduction of heavy energy subsidies for the development of energy intensive industries. According to the Ministry of Finance, the 2016-2017 budget estimates a total expenditure of $98.4 billion ...

The access to electricity in Africa is well below the global average, presenting a significant opportunity for the development of the energy supply industry, largely in the form of private sector investments in electricity generation. Many African governments are under immense pressure to improve the quality and reliability of electricity supplied ...