(MENAFN- PR Newswire) DUBLIN, March 27, 2024 /PRNewswire/ -- The
"The Motor Vehicle industry in South Africa 2023" report has been added to
ResearchAndMarkets's offering.
The outlook for the motor vehicle sector remains uncertain, as domestic sales are likely to remain muted as low consumer confidence and high interest rates affect demand. Estimates are that domestic and export sales growth will slow in 2023. Industry players have warned that exports could be affected if the country does not improve political governance and remove taxes that make domestic cars too expensive for most South Africans to buy. There is also some concern that South Africa may lose export share if it fails to shift to electric vehicle production soon enough.
Report Coverage
This report focuses on the motor vehicle industry, which incorporates the manufacture, distribution, servicing and maintenance of motor vehicles and the manufacture of components.
It contains information on the vehicle population, the size and state of manufacturing, retail and aftermarket, manufacture market share, production statistics, investment by manufacturers, trade, electric vehicles, car prices, corporate actions and influencing factors such as environmental issues, innovation, government support and competition. There are profiles of 102 companies including the major manufacturers such as Toyota, Volkswagen, Ford and BMW, dealerships including CFAO, Motus and Honda, and truck and bus companies such as Daimler Truck, FAW and Scania.
Challenges
Counterfeit vehicles and parts is a growing concern.
Decreasing sales due to the tighter economic environment. Delays in sourcing some vehicle parts and components continue, despite some improvements in semiconductors supply. High import duties on EVs. Increasing input costs. Lack of electricity. Local logistics challenges at ports and rail are lowering the competitiveness of local vehicle manufacturing. Low local EV production and low EV adoption may lead to South Africa failing to take advantage of the growing EV market. Low productivity. No incentives for production of EVs. Political unrest and strikes. Shortage of skills.
Introduction
South African imports of passenger cars and light commercial vehicles grew strongly in 2022. Vehicle exports increased at a lower rate and below the units exported in 2019. Vehicle manufacturing sales grew strongly. Weak consumer confidence and high interest rates have reduced demand for new vehicles, while manufacturers still face some supply challenges for key components, despite the supply of semiconductors improving somewhat in recent months.
The industry is concerned over the delay by the government in finalising an electric vehicle policy.
Opportunities
Import of cheap vehicles.
Increased exports to the rest of Africa. Production of batteries for EVs or supply of key raw materials for battery production. Supply of local inputs by black component suppliers.
Trends
Demand for new vehicles is being reduced by low consumer confidence and high interest rates. EV sales are small but growing. Local consumers are buying cheaper, smaller cars. Local vehicle manufacturers are planning to transition to manufacturing EVs. Manufacturers are developing vehicles with more software features. The share of used cars sales is growing.
Key Topics Covered:
1. INTRODUCTION
2. DESCRIPTION OF THE INDUSTRY
2.1. Industry Value Chain
2.2. Geographic Position
2.3. Size of the Industry
3. LOCAL
3.1. State of the Industry
3.2. Key Trends
3.3. Key Issues
3.4. Notable Players
3.5. Trade
3.6. Corporate Actions
3.7. Regulations
3.8. Enterprise Development and Social Development
4. AFRICA
5. INTERNATIONAL
6. INFLUENCING FACTORS
6.1. Economic Environment
6.2. Labour
6.3. Environmental Issues
6.4. Technology, R&D, Innovation
6.5. Government Support
6.6. Input Costs
6.7. EVs
6.8. Counterfeit Vehicles and Parts
6.9. Vehicle Prices
7. COMPETITIVE ENVIRONMENT
7.1. Competition
7.2. Ownership Structure of the Industry
7.3. Barriers to Entry
8. INDUSTRY SUMMARY
9. OUTLOOK
10. INDUSTRY ASSOCIATIONS
11. REFERENCES
11.1. Publications
11.2. Websites
APPENDIX 1 - SUMMARY OF NOTABLE PLAYERS
Manufacturers and Imports of Motor Vehicles Manufacturers of Bodies for Motor Vehicles & Trailers and Semi-Trailers Domestic Vehicle Sales & Maintenance and Repair of Motor Vehicles: Dealerships Fitment Centres Manufacturers of Parts and Accessories for Motor Vehicles Auto Salvage Sector
COMPANY PROFILES - MANUFACTURERS AND IMPORTS OF MOTOR VEHICLES
Bell Equipment Ltd BMW (South Africa) (Pty) Ltd Busmark 2000 (Pty) Ltd Daimler Truck Southern Africa Ltd Ever Star Industries (Pty) Ltd FAW Vehicle Manufacturers SA (Pty) Ltd Ford Motor Company of Southern Africa (Manufacturing) (Pty) Ltd Irizar Southern Africa (Pty) Ltd Isuzu Motors South Africa (Pty) Ltd Iveco SA (Pty) Ltd MAN Automotive (South Africa) (Pty) Ltd Manufacturing Commercial Vehicles (Pty) Ltd Marcopolo South Africa (Pty) Ltd Mercedes-Benz South Africa Ltd Nissan (South Africa) (Pty) Ltd Scania South Africa (Pty) Ltd Tata Motors (SA) (Pty) Ltd Toyota South Africa Motors (Pty) Ltd Trans Manufacturing (Pty) Ltd UD Trucks Southern Africa (Pty) Ltd Volkswagen of South Africa (Pty) Ltd Volvo Group Southern Africa (Pty) Ltd
COMPANY PROFILES - MANUFACTURERS OF BODIES FOR MOTOR VEHICLES & TRAILERS AND SEMI TRAILERS
Afrit (Pty) Ltd Angelo Kater Motor Trimmers (Pty) Ltd Denel Vehicle Systems (Pty) Ltd Desert Wolf Consulting (Pty) Ltd GRW Engineering (Pty) Ltd Paramount Trailers (Pty) Ltd Route Management (Pty) Ltd Tank Clinic (Pty) Ltd TFM Manufacturing (Pty) Ltd Welfit Oddy (Pty) Ltd
COMPANY PROFILES - DOMESTIC VEHICLE SALES & MAINTENANCE AND REPAIR OF MOTOR VEHICLES: DEALERSHIPS
BMW (South Africa) (Pty) Ltd Busco Marketing CC CFAO Mobility (Pty) Ltd Combined Motor Holdings Ltd Daimler Truck Southern Africa Ltd FAW Vehicle Manufacturers SA (Pty) Ltd Honda Motor Southern Africa (Pty) Ltd Isuzu Motors South Africa (Pty) Ltd Iveco SA (Pty) Ltd Jaguar Land Rover (South Africa) (Pty) Ltd Lazarus Motor Company (Pty) Ltd LSM Distributors (Pty) Ltd Mahindra and Mahindra South Africa (Pty) Ltd MAN Automotive (South Africa) (Pty) Ltd Maritime Motors (Pty) Ltd Masala Ramabulana Holdings (Pty) Ltd McCarthy (Pty) Ltd Motus Holdings Ltd Nissan (South Africa) (Pty) Ltd NMI Durban South Motors (Pty) Ltd Robert Bosch (Pty) Ltd Sandown Motor Holdings (Pty) Ltd Stellantis South Africa (Pty) Ltd Subaru Southern Africa (Pty) Ltd Super Group Ltd Suzuki Auto South Africa (Pty) Ltd Voertuie vir Almal (Pty) Ltd Volvo Car South Africa (Pty) Ltd Waterworld (Pty) Ltd
COMPANY PROFILES - FITMENT CENTRES
Auto and Truck Tyres (Pty) Ltd Bandag Southern Africa (Pty) Ltd Bridgestone South Africa Commercial (Pty) Ltd Continental Tyre South Africa (Pty) Ltd Glasfit South Africa (Pty) Ltd Hi-Q Automotive (Pty) Ltd Kwik Fit Brands (Pty) Ltd PG Group (Pty) Ltd Protea Versoolwerke (Ermelo) (Pty) Ltd Supa Quick Retail (Pty) Ltd TiAuto Investments (Pty) Ltd
COMPANY PROFILES - MANUFACTURERS OF PARTS AND ACCESSORIES FOR MOTOR VEHICLES
Adient South Africa (Pty) Ltd Alfred Teves Brake Systems (Pty) Ltd Atlantis Foundries (Pty) Ltd AUNDE South Africa (Pty) Ltd Auto Industrial Group (Pty) Ltd Autocast South Africa (Pty) Ltd AutoX (Pty) Ltd Benteler South Africa (Pty) Ltd Borbet SA (Pty) Ltd Bosal Afrika (Pty) Ltd Corning Products South Africa (Pty) Ltd Dana Spicer Axle South Africa (Pty) Ltd Faurecia Emissions Control Technologies (Cape Town) (Pty) Ltd Faurecia Interior Systems South Africa (Pty) Ltd Federal-Mogul of South Africa (Pty) Ltd Ford Motor Company of Southern Africa (Manufacturing) (Pty) Ltd Formex Industries (Pty) Ltd G U D Holdings (Pty) Ltd Hesto Harnesses (Pty) Ltd KAP Ltd Lear Sewing (Pty) Ltd Lumotech (Pty) Ltd MA Automotive Tool and Die (Pty) Ltd MAHLE Behr South Africa (Pty) Ltd Maxion Wheels South Africa (Pty) Ltd Metindustrial (Pty) Ltd PFK Electronics (Pty) Ltd PG Group (Pty) Ltd Robert Bosch (Pty) Ltd Schaeffler South Africa (Pty) Ltd Smiths Manufacturing (Pty) Ltd Tenneco Emission Control (Pty) Ltd Tenneco Ride Control South Africa (Pty) Ltd Unifrax Emission Control South Africa (Pty) Ltd
COMPANY PROFILES - AUTO SALVAGE SECTOR
ACME Salvage (Pty) Ltd Blue Spec Holdings (Pty) Ltd City Deep 4 X 4 Commercial Spares (Pty) Ltd Coastline Auto Rebuilds and Spares CC Combined Automotive Solutions (Pty) Ltd Dynamic Salvage Management CC Gounden and Gounden CC M and D House Motors CC Salvage Management and Disposals (Pty) Ltd
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