The African Automotive Market Growing At Tremendous Pace

  The African automotive market is relatively small. In 2014, there were just over 42.5 million registered vehicles in use in Africa – a continent of approximately one billion people. As a result, the motorisation rate on the continent is only 44 vehicles per 1,000 inhabitants. This is far below the global average of 180 vehicles per 1,000 inhabitants, and lower than other developing regions [...]

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Nigeria Automotive Market

The Nigerian Tyre Market: Changing Priorities

  Globally, the leading tyre manufacturers today include Bridgestone, Michelin, Goodyear, Continental, Pirelli and Sumitomo (for Dunlop brand). World production of tyre is estimated to be 860 million units annually. Within Africa, significant tyre factories exist in Egypt, South Africa and Zimbabwe. the Nigerian tyre market is now emerging as a leading importer of tyres in West Africa. The Nigerian tyre industry took off shortly [...]

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Changing Dynamic of the Tyre Market in Africa

  The tyre market in Africa is predominantly a price-sensitive market and consumers in the tyre market of Africa prefer imported low-priced Chinese tyres rather than the expensive European and American brands. Not surprising then that China has emerged as a leading exporter of tyres to many African countries in recent times. This has led to intense, competition between tyre manufacturers who are seeking [...]

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Six Booming Sectors in the African Markets

  To unlock growth in African markets, companies should look for opportunities in six sectors that we find have “white space”— namely: wholesale and retail, food and agri-processing, health care, financial services, light manufacturing, and construction. All these sectors are characterized by high growth, high profitability, and low consolidation. In manufacturing in particular, we estimate that Africa could nearly double its output from $500 [...]

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African Market: Poised for growth

  As Africa’s economies progress, opportunities are opening in the African market specially in sectors such as retailing, telecommunications, banking, infrastructure-related industries, resource-related businesses, and all along the agricultural value chain. Consider that telecom companies in Africa have added 316 million subscribers—more than the entire U.S. population—since 2000. According to UN data, Africa offers a higher return on investment than any other emerging market. [...]

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African Market

The African Cosmetics Market Poised for Unprecedented Growth

  The beauty industry in the Middle East and Africa is estimated at about $26.4 billion. Of this figure, South Africa alone represented $4.5 billion and is one of the leading consumers of cosmetics and beauty products of all kinds. Nigeria and Kenya are second and third among sub-Saharan nations, with Kenya’s cosmetics market valued at approximately $330 million. Undoubtedly, the African cosmetics market [...]

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Cosmetics Market in Africa

Cosmetics Market in Africa Undergoing Transformation

The cosmetics market and beauty products market in African is poised for unprecedented growth. African consumers have long been asking for products adapted to their hair, skin and body specificities. Africa remains a largely untapped market where consumers are screaming out for quality products adapted to their specific needs. For example, African skin requires darker shades than make-up lines traditionally offer. Make-up also needs to be more resistant to heat. Different needs also exist in terms of skin care, as [...]

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