Africa Passenger Car (Hatchback, Sedan and SUV) Market, Competition Forecast & Opportunities, 2023

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Dublin, Jan. 11, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering. Africa passenger car market is projected to surpass $ 19 billion by 2023 in Africa. Growth in the market is led by rising disposable income and prevalence of poor public transportation system across the region. Moreover, with gradual and continuous improvements in road infrastructure across the African continent, demand for passenger cars for private transportation if expected to grow during the forecast period. In addition, stabilizing crude oil prices and improving economic scenarios of several major economies in the region is anticipated to positively influence passenger car market in Africa during the forecast period.

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Globe Newswire: 12:20 GMT Friday 11th January 2019

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