South Africa Auto Parts and Accessories Market, By Type (Driveline & Powertrain, Interiors & Exteriors, Electronics, Seating, Lighting, Others); By Product (Engine Parts, Electrical Parts, Drive & Transmission Steering Parts, Suspension & Braking Parts Equipment, Others); By Vehicle Type (Passenger Vehicles, Commercial Vehicles, Light Commercial Vehicles (LCVs), Sports Utility Vehicles (SUVs), Others); By Application (OEM, Aftermarket), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
South Africa Auto Parts and Accessories Market Size Expands at CAGR of 6.65% to Reach USD 6.5 Billion by 2030
South Africa Auto Parts and Accessories Market is flourishing because of an increasing number of vehicle fleets and a rising level of disposable incomes among buyers.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated South Africa Auto Parts and Accessories Market size at USD 4.19 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects South Africa Auto Parts and Accessories Market size to expand at a CAGR of 6.65% reaching a value of USD 6.51 billion by 2030. Rising vehicle ownership and investments in electric vehicles are major growth factors for South Africa Auto Parts and Accessories Market. Automotive manufacturers are constantly innovating their products and launching lightweight, fuel-efficient, and environmentally compliant auto parts and accessories, which is expected to drive the market during the period in analysis.
Opportunity - Growing Vehicle Ownership in South Africa
The increasing vehicle ownership across the country is expected to boost the growth of South Africa Auto Parts and Accessories Market. An increasing number of vehicle owners are to spur the demand for maintenance, customization, and replacement of auto parts and accessories. The frequent use of vehicles leads to wear and tear of auto parts and, therefore, needs regular maintenance and servicing for the smooth functioning of vehicles. In addition, technological advancements in auto parts and accessories, such as the rising integration of Advanced Driver Assistance Systems (ADAS), are also projected to propel the growth of South Africa Auto Parts and Accessories Market over the forecast period.
Impact of Escalating Geopolitical Tensions on South Africa Auto Parts and Accessories Market
Escalating geopolitical tensions could hinder the growth of South Africa Auto Parts and Accessories Market. Geopolitical conflicts result in supply chain disruption, which in turn causes shortages of auto parts and accessories in the market. Since most of South Africa's auto parts and accessories are imported, supply chain barriers lead to increased costs and delays. Government-imposed trade restrictions and supply chain disruptions result in lower profit margins for industry players, which often means that consumers bear the brunt of the increased costs. Additionally, these conflicts frequently result in shifts in trade relationships due to divestment campaigns against aggressive countries, which may negatively impact the growth of South Africa Auto Parts and Accessories Market in the coming years.
Passenger Vehicles Lead Auto Parts & Accessories Market
The passenger vehicles segment accounts for the largest market share of South Africa Auto Parts and Accessories Market by vehicle type. South Africa has about 12 million registered motor vehicles, according to IOL South Africa. The demand for regular maintenance and servicing of passenger vehicles to ensure their smooth function, fuel efficiency, and safety is influencing the growth of South Africa Auto Parts and Accessories Market as well. The other major vehicle type segments of South Africa Auto Parts and Accessories Market include commercial vehicles, light commercial vehicles (LCVs), and sports utility vehicles (SUVs).
Competitive Landscape
South Africa Auto Parts and Accessories Market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Ford Motor Company of Southern Africa, Volkswagen South Africa, Toyota South Africa Motors, Nissan South Africa, Cape Auto Spares, AutoZone, Supa Quick, and Pep Stores.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and South Africa Auto Parts and Accessories Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in South Africa Auto Parts and Accessories Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. South Africa Auto Parts and Accessories Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing Vehicle Fleet
- 3.2.1.2. Rising Disposable Incomes
- 3.2.1.3. Preference for Aftermarket Parts
- 3.2.2. Restraints
- 3.2.2.1. Economic Fluctuations
- 3.2.2.2. Counterfeit Parts
- 3.2.2.3. High Unemployment Rate
- 3.2.3. Opportunities
- 3.2.3.1. Focus on Electric Vehicles
- 3.2.3.2. Expansion into Rural Areas
- 3.2.3.3. Stronger Aftersales Service
- 3.2.4. Challenges
- 3.2.4.1. Price Pressure
- 3.2.4.2. Skills Shortage
- 3.2.4.3. Currency Fluctuations
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. South Africa Auto Parts and Accessories Market: Marketing Strategies
- 5. South Africa Auto Parts and Accessories Market Overview
- 5.1. Market Size & Forecast, 2019–2030
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share and Forecast
- 5.2.1. By Type
- 5.2.1.1. Driveline & Powertrain
- 5.2.1.2. Interiors & Exteriors
- 5.2.1.3. Electronics
- 5.2.1.4. Seating
- 5.2.1.5. Lighting
- 5.2.1.6. Others
- 5.2.2. By Product
- 5.2.2.1. Engine Parts
- 5.2.2.2. Electrical Parts
- 5.2.2.3. Drive & Transmission Steering Parts
- 5.2.2.4. Suspension & Braking Parts Equipment
- 5.2.2.5. Others
- 5.2.3. By Vehicle Type
- 5.2.3.1. Passenger Vehicles
- 5.2.3.2. Commercial Vehicles
- 5.2.3.3. Light Commercial Vehicles (LCVs)
- 5.2.3.4. Sports Utility Vehicles (SUVs)
- 5.2.3.5. Others
- 5.2.4. By Application
- 5.2.4.1. OEMs
- 5.2.4.2. Aftermarket
- 6. Competitive Landscape
- 6.1. List of Key Players and Their Offerings
- 6.2. South Africa Auto Parts and Accessories Market Share Analysis, 2023
- 6.3. Competitive Benchmarking, By Operating Parameters
- 6.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 7. Impact of Escalating Geopolitical Tensions on South Africa Auto Parts and Accessories Market
- 8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 8.1. Ford Motor Company of Southern Africa
- 8.2. Volkswagen South Africa
- 8.3. Toyota South Africa Motors
- 8.4. Nissan South Africa
- 8.5. Cape Auto Spares
- 8.6. AutoZone
- 8.7. Supa Quick
- 8.8. Pep Stores
- 8.9. Other Prominent Players
- 9. Key Strategic Recommendations
- 10. Research Methodology
- 10.1. Qualitative Research
- 10.1.1. Primary & Secondary Research
- 10.2. Quantitative Research
- 10.3. Market Breakdown & Data Triangulation
- 10.3.1. Secondary Research
- 10.3.2. Primary Research
- 10.4. Breakdown of Primary Research Respondents, By Region
- 10.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
- List of Figures
- Figure 1 South Africa Auto Parts and Accessories Market Segmentation
- Figure 2 South Africa Auto Parts and Accessories Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 South Africa Auto Parts and Accessories Market Size, By Value (USD Billion), 2019–2030
- Figure 5 South Africa Auto Parts and Accessories Market Share, By Type, By Value, 2019–2030
- Figure 6 South Africa Auto Parts and Accessories Market Share, By Product, By Value, 2019–2030
- Figure 7 South Africa Auto Parts and Accessories Market Share, By Vehicle Type, By Value, 2019–2030
- Figure 8 South Africa Auto Parts and Accessories Market Share, By Application, By Value, 2019–2030
- List of Tables
- Table 1 South Africa Auto Parts and Accessories Market Size, By Value (USD Billion), 2019–2030
- Table 2 South Africa Auto Parts and Accessories Market Share, By Type, By Value, 2019–2030
- Table 3 South Africa Auto Parts and Accessories Market Share, By Product, By Value, 2019–2030
- Table 4 South Africa Auto Parts and Accessories Market Share, By Vehicle Type, By Value, 2019–2030
- Table 5 South Africa Auto Parts and Accessories Market Share, By Application, By Value, 2019–2030
- Table 6 Ford Motor Company of Southern Africa Company Overview
- Table 7 Ford Motor Company of Southern Africa Financial Overview
- Table 8 Volkswagen South Africa Company Overview
- Table 9 Volkswagen South Africa Financial Overview
- Table 10 Toyota South Africa Motors Company Overview
- Table 11 Toyota South Africa Motors Financial Overview
- Table 12 Nissan South Africa Company Overview
- Table 13 Nissan South Africa Financial Overview
- Table 14 Cape Auto Spares Company Overview
- Table 15 Cape Auto Spares Financial Overview
- Table 16 AutoZone Company Overview
- Table 17 AutoZone Financial Overview
- Table 18 Supa Quick Company Overview
- Table 19 Supa Quick Financial Overview
- Table 20 Pep Stores Company Overview
- Table 21 Pep Stores Financial Overview
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook