New Cars in South Africa

November 2024 | 47 pages | ID: N8F3F5F0B30EN
MarketLine

Abstracts

New Cars in South Africa

Summary

New Cars in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• New cars market consists of the retail sales/registrations of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
• The South African new cars market recorded revenues of $8.4 billion in 2023, representing a compound annual growth rate (CAGR) of 4.0% between 2018 and 2023.
• Market consumption volume increased with a CAGR of 3.9% between 2018 and 2023, to reach a total of 344.5 thousand units in 2023.
• According to GlobalData, in 2023, the volume of new cars sold in South Africa experienced an annual contraction of 31.7%. This market contraction is attributed to the decline in disposable income which reduced consumer purchasing power making new vehicle purchases less affordable.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in South Africa
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in South Africa
• Leading company profiles reveal details of key new cars market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South Africa new cars market with five year forecasts

Reasons to Buy

• What was the size of the South Africa new cars market by value in 2023?
• What will be the size of the South Africa new cars market in 2028?
• What factors are affecting the strength of competition in the South Africa new cars market?
• How has the market performed over the last five years?
• Who are the top competitors in South Africa's new cars market?

Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market share
1.7. Market rivalry
1.8. Competitive landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value
3.2. Market volume

4 MARKET SEGMENTATION

4.1. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast
5.2. Market volume forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What are the strengths of the leading players?

8 COMPANY PROFILES

8.1. Toyota Motor Corp
8.2. Volkswagen AG
8.3. Suzuki Motor Corp
8.4. Hyundai Motor Co

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: South Africa new cars market value: $ billion, 2018-23
Table 2: South Africa new cars market volume: units, 2018-23
Table 3: South Africa new cars market geography segmentation: $ billion, 2023
Table 4: South Africa new cars market value forecast: $ billion, 2023-28
Table 5: South Africa new cars market volume forecast: units, 2023-28
Table 6: South Africa new cars market share: % share, by volume, 2023
Table 7: Toyota Motor Corp: Key Facts
Table 8: Toyota Motor Corp: Annual Financial Ratios
Table 9: Toyota Motor Corp: Key Employees
Table 10: Toyota Motor Corp: Key Employees Continued
Table 11: Volkswagen AG: Key Facts
Table 12: Volkswagen AG: Annual Financial Ratios
Table 13: Volkswagen AG: Key Employees
Table 14: Volkswagen AG: Key Employees Continued
Table 15: Suzuki Motor Corp: Key Facts
Table 16: Suzuki Motor Corp: Annual Financial Ratios
Table 17: Suzuki Motor Corp: Key Employees
Table 18: Hyundai Motor Co: Key Facts
Table 19: Hyundai Motor Co: Annual Financial Ratios
Table 20: Hyundai Motor Co: Key Employees
Table 21: South Africa Size of Population (million), 2019-23
Table 22: South Africa Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 23: South Africa GDP (Current Prices, $ Billion), 2019-23
Table 24: South Africa Inflation, 2019-23
Table 25: South Africa Consumer Price Index (Absolute), 2019-23
Table 26: South Africa Exchange Rate, 2018-23

List Of Figures

LIST OF FIGURES

Figure 1: South Africa new cars market value: $ billion, 2018-23
Figure 2: South Africa new cars market volume: units, 2018-23
Figure 3: South Africa new cars market geography segmentation: % share, by value, 2023
Figure 4: South Africa new cars market value forecast: $ billion, 2023-28
Figure 5: South Africa new cars market volume forecast: units, 2023-28
Figure 6: Forces driving competition in the new cars market in South Africa, 2023
Figure 7: Drivers of buyer power in the new cars market in South Africa, 2023
Figure 8: Drivers of supplier power in the new cars market in South Africa, 2023
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in South Africa, 2023
Figure 10: Factors influencing the threat of substitutes in the new cars market in South Africa, 2023
Figure 11: Drivers of degree of rivalry in the new cars market in South Africa, 2023
Figure 12: South Africa new cars market share: % share, by volume, 2023