Al-Qasabi: Growing global adoption of digitization transforms trade into more efficient and reliable    89-day long winter season starts officially in Saudi Arabia on Saturday    20,159 illegal residents arrested in a week    Riyadh Season 5 draws record number of over 12 million visitors    GACA report: 928 complaints filed by passengers against airlines in November    Death toll in attack on Christmas market in Magdeburg rises to 5, with more than 200 injured Saudi Arabia had warned Germany about suspect's threatening social media posts, source says    Ukraine launches drone attacks deep into Russia, hitting Kazan in Tatarstan    Cyclone Chido leaves devastation in Mayotte as death toll rises and aid struggles to reach survivors    US halts $10 million bounty on HTS leader as Syria enters new chapter    UN Internet Governance Forum in Riyadh billed the largest ever in terms of attendance    ImpaQ 2024 concludes with a huge turnout    Salmaneyyah: Regaining national urban identity    Fury vs. Usyk: Anticipation builds ahead of Riyadh's boxing showdown    Saudi Arabia to compete in 2025 and 2027 CONCACAF Gold Cup tournaments    Marianne Jean-Baptiste on Oscars buzz for playing 'difficult' woman    Al Shabab announces departure of coach Vítor Pereira    My kids saw my pain on set, says Angelina Jolie    Saudi Arabia defeats Trinidad and Tobago 3-1 in friendly match    Legendary Indian tabla player Zakir Hussain dies at 73    Eminem sets Riyadh ablaze with unforgettable debut at MDLBEAST Soundstorm    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Africa's market for auto to reach $15.3 billion in '20
Published in The Saudi Gazette on 08 - 03 - 2015

JEDDAH — Rapid urbanization and surging growth in new transport infrastructure is transforming the face of surface transport in Africa, placing the continent on the fast track to becoming one of the world's most significant markets for vehicles and auto parts.
Investment of $30 billion into developing road and rail systems is expected to boost inter-regional trade and travel across Africa, which currently has 21.6 million passenger vehicles, according to global analysts Frost & Sullivan.
Additionally, demand for auto parts in the continent (excluding South Africa) is expected to grow 11 percent annually to reach $15.3 billion by 2020, making it a high-value prize for global automotive aftermarket leaders.
Many of these will be formulating their African outreach strategies around their presence at the upcoming Automechanika Dubai 2015, the leading international automotive aftermarket trade platform serving the Middle East, Africa, Central and South Asia.
Taking place on June 2-4, 2015 at the Dubai International Convention and Exhibition Centre, Automechanika Dubai will put more than 1,700 exhibitors firmly in the crossroads of thousands of potential trade buyers from the burgeoning African market.
“More than 2,700 trade buyers from Africa visited Automechanika Dubai 2014 and we expect a double digit growth of this number for 2015,” said Ahmed Pauwels, CEO of Messe Frankfurt Middle East, organizer of Automechanika Dubai.
“Automechanika Dubai's comprehensive reach into trans-continental markets is what has made the show a must-attend for the international automotive aftermarket community.”
“Being at Automechanika Dubai enables international majors to do business in markets that are otherwise hard to access. African markets are growing rapidly and we are witnessing a rising number of leading aftermarket brands beginning to engage with them,” Pauwels added.
According to Frost & Sullivan, around 54 percent (5.78 million) of the cars in sub-Saharan Africa are over 16 years old, underlining the huge potential that exists for component replacements for this ageing fleet. Meanwhile, just four countries: Nigeria, Egypt, Algeria and Morocco account for 65 per cent of all vehicles on the continent's roads and 69 per cent consumption of parts.
While American and European automakers are the most popular in North Africa, Japanese and Korean makes dominate West and sub-Saharan African markets. There is also a marked increase in the presence of brands from emerging countries such as China and India as global players increasingly target this fast-growing continent.
Among the leading multinational players looking to expand their footprint in Africa through their presence at Automechanika Dubai 2015 is German conglomerate Henkel, which will exhibit a wide range of sealants and adhesives at the show's Repair & Maintenance section.
Roland Ghanem Marketing Manager at Henkel IMEA, said: “We have been participating at Automechanika Dubai for the last four years, and every year we are gaining new customers from throughout the Middle East and Africa.
“The show is particularly important for us in increasing our ability to share our expertise in providing the market with all-around adhesive solutions for the vehicle repair and maintenance market.”
Another German powerhouse, Schaeffler, will emphasise its strong presence at Automechanika Dubai's Parts & Components section for the 5th year in a row, when it presents its popular assortment of gearboxes, gaskets, o-rings, shaft seals and main bearings.
Ioannis Marios Vrantzoglou, Managing Director of Schaeffler Middle East, said: “Schaeffler Middle East has taken part at Automechanika Dubai for several years to gain new deals, leads, and boost our sales activities.
Our presence in the most important automotive spare parts exhibition increases our visibility in the Middle East and African market.”
Now in its 13th edition Automechanika Dubai 2015 has established itself as one of the world's fastest-growing automotive aftermarket exhibitions, and is the second most international of all Automechanika events outside the show's base in Frankfurt, Germany.
The three-day event features six core focus areas including Parts & Components, the largest section; Electronics & Systems; Accessories & Tuning; Repair & Maintenance; Tyres & Batteries and Service Station & Car Wash.
Returning is the highly-popular Automechanika Academy – a series of seminars and workshops given by leading experts and prominent industry figures. These seminars will focus on key issues that affect the automotive aftermarket.
The global appeal of Automechanika Dubai 2015 will be reinforced with the presence of 22 official country pavilions and 37 international trade associations, while nearly 90 percent of exhibitors will come from outside of the UAE. — SG


Clic here to read the story from its source.