New Cars in South Africa - Market Summary, Competitive Analysis and Forecast to 2026
Summary
New Cars in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The new cars market consists of the initial retail sale/registration of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickups used predominantly in North America, and other related vehicles. The market value is calculated at retail selling price (RSP) and the market volume is given in terms of units sold. Market share data for the New Cars industry applies to motor manufacturing groups as opposed to their individual brands, i.e. for the Volkswagen Group this includes all of its brands such as Volkswagen, Audi, Skoda, Seat etc. therefore where possible, market share data represents sales figures for every brand in that manufacturing group within each country.
- The South African new cars market is forecast to generate total revenues of $6.2bn in 2021, representing a compound annual rate of change (CARC) of -2.4% between 2017 and 2021.
- Market consumption volume is forecast to decline with a CARC of -6.2% between 2017 and 2021, to reach a total of 411.4 thousand units in 2021.
- The South African economy grew by 0.79% in 2018 and 0.2% in 2019, according to MarketLine, which had a knock-on effect on demand in this market.
- 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
- What was the size of the South Africa new cars market by value in 2021?
- What will be the size of the South Africa new cars market in 2026?
- 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 competitiors in South Africa's new cars market?
Companies Mentioned
Toyota Motor Corporation
Ford Motor Company Limited
Hyundai Motor Company
Volkswagen AG
- 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. How are strategic alliances used by the leading companies?
- 7.4. How is new technology opening up competition?
- 7.5. How are leading players progressing in the hybrid and electric cars segment?
- 7.6. What impact is the COVID-19 pandemic having on leading players?
- 8 Company Profiles
- 8.1. Toyota Motor Corporation
- 8.2. Ford Motor Company Limited
- 8.3. Hyundai Motor Company
- 8.4. Volkswagen AG
- 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
- Table 1: South Africa new cars market value: $ billion, 2017-21(e)
- Table 2: South Africa new cars market volume: thousand units, 2017-21(e)
- Table 3: South Africa new cars market geography segmentation: $ billion, 2021(e)
- Table 4: South Africa new cars market value forecast: $ billion, 2021-26
- Table 5: South Africa new cars market volume forecast: thousand units, 2021-26
- Table 6: South Africa new cars market share: % share, by volume, 2021(e)
- Table 7: Toyota Motor Corporation: key facts
- Table 8: Toyota Motor Corporation: Annual Financial Ratios
- Table 9: Toyota Motor Corporation: Key Employees
- Table 10: Toyota Motor Corporation: Key Employees Continued
- Table 11: Ford Motor Company Limited: key facts
- Table 12: Ford Motor Company Limited: Key Employees
- Table 13: Hyundai Motor Company: key facts
- Table 14: Hyundai Motor Company: Annual Financial Ratios
- Table 15: Hyundai Motor Company: Key Employees
- Table 16: Volkswagen AG: key facts
- Table 17: Volkswagen AG: Annual Financial Ratios
- Table 18: Volkswagen AG: Key Employees
- Table 19: Volkswagen AG: Key Employees Continued
- Table 20: Volkswagen AG: Key Employees Continued
- Table 21: South Africa size of population (million), 2017-21
- Table 22: South Africa gdp (constant 2005 prices, $ billion), 2017-21
- Table 23: South Africa gdp (current prices, $ billion), 2017-21
- Table 24: South Africa inflation, 2017-21
- Table 25: South Africa consumer price index (absolute), 2017-21
- Table 26: South Africa exchange rate, 2016-20
- List of Figures
- Figure 1: South Africa new cars market value: $ billion, 2017-21(e)
- Figure 2: South Africa new cars market volume: thousand units, 2017-21(e)
- Figure 3: South Africa new cars market geography segmentation: % share, by value, 2021(e)
- Figure 4: South Africa new cars market value forecast: $ billion, 2021-26
- Figure 5: South Africa new cars market volume forecast: thousand units, 2021-26
- Figure 6: Forces driving competition in the new cars market in South Africa, 2021
- Figure 7: Drivers of buyer power in the new cars market in South Africa, 2021
- Figure 8: Drivers of supplier power in the new cars market in South Africa, 2021
- Figure 9: Factors influencing the likelihood of new entrants in the new cars market in South Africa, 2021
- Figure 10: Factors influencing the threat of substitutes in the new cars market in South Africa, 2021
- Figure 11: Drivers of degree of rivalry in the new cars market in South Africa, 2021
- Figure 12: South Africa new cars market share: % share, by volume, 2021(e)
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