Africa Two-Wheeler Market to Cross USD 9 Bn by 2021, Projects TechSci Research in Its New Report Now Available at MarketPublishers.com
20 Sep 2016 • by Natalie Aster
LONDON – Given the lack of reliable public transportation system, many countries in the African region experience strong demand for two-wheelers. Rapidly expanding urbanization is another important driver of demand for two-wheelers in the African region. In such circumstances, top global two-wheeler producers, especially those based in India, are targeting different countries across Africa.
The African two-wheeler market is predicted to keep to a growth trend in the years to come. By 2021, the value of this regional market will likely cross the USD 9 billion mark.
The motorcycle sector held the biggest share of the African two-wheeler market in the previous year; this sector is likely to continue holding dominant position in the years to come. The number of consumers opting for motorcycles in the African region is constantly rising due to some motorcycles’ benefits like larger fuel tank, quicker acceleration, higher engine capacity, easy maintenance and larger wheel base.
South Africa, Tanzania and Nigeria are the top country-wide markets for two-wheelers in the African region.
Cutting-edge research study “Africa Two-Wheeler Market By Vehicle Type, By Country, Competition Forecast & Opportunities, 2011 – 2021” prepared by TechSci Research offers an all-round overview of the African two-wheeler market landscape, dynamics and key growth influencing factors. It traces light on the situation across the top country-wide markets in the region, reviews emerging growth opportunities and highlight key challenges. The research study covers the competitive environment, describes regulative policies, examines demand drivers and restraints, discusses key market trends and outlines major growth prospects. Moreover, the report includes a detailed assessment of the African two-wheeler market on the basis of vehicle type and country. Additionally, a future outlook through 2021 is at hand.
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