Free press releases distribution network?

Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Development of Mega Cities, Mega Regions, Mega Corridors to Drive Growth of African Automotive Market Says Frost & Sullivan - With 15 per cent of world’s urban population living in Africa by 2020, 4x4’s, SUV’s and Pickups to continue market dominance
Development of Mega Cities, Mega Regions, Mega Corridors to Drive Growth of African Automotive Market Says Frost & Sullivan

 

PRZOOM - /newswire/ - Dubai, UAE, United Arab Emirates, 2014/06/18 - With 15 per cent of world’s urban population living in Africa by 2020, 4x4’s, SUV’s and Pickups to continue market dominance.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The African continent is undergoing stupendous growth, giving rise to the urban middle class population. According to Frost & Sullivan analysis, African middle class population will be approximately 360.0 million by 2020. One of the primary factors driving this growth is transport route integration across the African continent increasing inter-continental Trade, which is also positively impacting the opportunities for commercial as well as passenger vehicles. As a Knowledge Partner for recently concluded Automechanika Dubai, Frost & Sullivan authored a White Paper titled Automotive Africa Mega Trends, that highlights the key trends impacting the future growth of African continent and its Automotive Industry. These Mega Trends include urbanisation, regional integration, renewable energy, connecting the unconnected, future infrastructure, new business models, amongst others.

The in-depth White Paper focuses on African automotive aftermarket that indicates promising growth owing to nearly 21.6 Million passenger vehicles being operational in Africa currently. These vehicles generate USD 7.68 Billion worth of repair costs annually. Speaking about the aftermarket value, Subhash Joshi, Industry Manager for Automotive & Transportation Practice, Middle East, North Africa and South Asia, Frost & Sullivan said,"On the back of double-digit growth of demand in key Sub-Saharan countries, the value of the Africa’s auto parts market is likely to double by 2020. Countries such as Nigeria, Kenya, Uganda, Ghana, have witnessed double digit growth in demand of parts in the past five years".

While foreign investment, especially from China is impacting the African economies, customisation in terms of specially designed vehicles for the African terrain, eg. Mobius and Flat pack OX trucks, can also be seen. The White Paper unveils the leading Vehicle Brands across Africa, with European and American auto brands leading in North Africa while Japanese and Korean brands occupy top spots across West and Sub-Saharan Africa.

The United Arab Emirates (UAE) is known to be a major re-exporter of spare parts throughout the Gulf and wider Middle East. Now Sub-Saharan African countries such as Nigeria, Angola, Congo Republic, and North African countries such as Libya are gaining importance as markets for re-exported parts from the UAE. These countries are becoming larger markets that cover about 30-35 per cent of total exports from the UAE and in three to four years, the market share for the African region will rise to 45-50 per cent.

Local parts production is limited to a few North African countries like Algeria, Egypt and Morocco which are self-sustained markets. Limited impact of government legislation/regulation in most of the Sub-Saharan African countries is leading to increased Grey Imports, with Nigeria being the largest market. As per Frost & Sullivan analysis, 55-60 per cent auto parts market is expected to be driven by Grey Imports.

While the aftermarket is definitely experiencing growth, competition between manufacturers and importers of new vehicles is also intensifying. Manufacturers are taking direct action to grow their presence across the regions in anticipation of market growth. For example, Honda setting up its West African office in Nigeria. The UAE-based importers like Al-Futtaim Group are also expanding into the African market.

Overall, African markets offer potential for assembly/manufacturing activities. The share of Chinese OEMs is expected to rise in short-medium term. The White Paper concludes that Asian OEMs are expected to play critical role in the future as a result of the huge potential demonstrated by the market.

If you are interested in more information about this White Paper or have any queries, please send an email to Tanu Chopra / Paroma Bhattacharya, Corporate Communications, at tanu.chopra[.]frost.com / paromab[.]frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state, and country.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including research, analysis, strategy, vision, innovation, and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360-degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics, and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation

Contact: Nimisha Iyer - Corporate Communications Middle East, North Africa and South Asia
P: +91 22 66072007 / F: +91 22 28324713 - E: niyer[.]frost.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Automotive/Trucking/RV articles,
CATCH Visitors via Your Competitors Announcements!


Development of Mega Cities, Mega Regions, Mega Corridors to Drive Growth of African Automotive Market Says Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Frost & Sullivan | Asian OEMs
Contact: Paroma Bhattacharya / Tanu Chopra - Frost.com 
+91 22 66072047 / +91 22 66072046 paromab[.]frost.com / tanu.chopra[.]frost.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Automotive/Trucking/RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Frost & Sullivan / Company Profile


Read Automotive/Trucking/RV Most Recent Related Press Releases:

The NEOPLAN Skyliner Has Been Awarded The ‘International Busplaner Sustainability Prize 2017’
First Transports in Networked Trucks - DB Schenker and MAN Agree on Platooning Project
MAN Truck & Bus Are Placing the New MAN TGE Under Static Scrutiny As Part of A Van Bodybuilders’ Day Today
MAN Lion's Intercity is Russia’s Intercity Bus of the Year
Enel and Nissan Present First All-inclusive Electric Mobility Solution
MAN Truck & Bus Korea Launched MAN Lion’s Touring - The First and Only Cabriolet Bus for Sightseeing Tours in Korea
Influx of Cheap Imports Floods the Automotive Filter Aftermarket Says Frost & Sullivan
BASF Introduces Latest Robust Connectors for Automotive Wire Harnesses
Man Group Announces 100 NEOPLAN Skyliner Coaches for Rome
BASF Introduces Synthetic Leather Made with Elastollan® - Makes Car Seats More Comfortable

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today