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Passenger Cars - Chad

Chad
  • Revenue in the Passenger Cars market is projected to reach US$245.6m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.34%, resulting in a projected market volume of US$249.8m by 2029.
  • The market's largest segment is SUVs with a projected market volume of US$95.4m in 2024.
  • Passenger Cars market unit sales are expected to reach 8.42k vehicles in 2029.
  • The volume weighted average price of Passenger Cars market is expected to amount to US$29.53k in 2024.
  • With a vehicle unit sales share of 28.5% in 2024, Toyota is expected to have one of the highest market share in the selected region.
  • The value market share of the make Toyota in the selected region is expected to stand at 27.4% in 2024.
  • From an international perspective it is shown that the most revenue will be generated United States (US$605bn in 2024).

The Mobility Market specifically covers newly sold passenger cars, including small, medium, executive, and luxury cars as well as SUVs, minivans, and sports cars. However, motorcycles, buses, trucks, large vans, and light utility vehicles are not included. The market's segmentation is based on several factors, including physical properties (weight, volume, wheelbase) and economic factors (pricing, status, etc.). All key figures shown represent the sales of new cars in the basic configuration in the respective year. Used vehicles are not taken into account, nor is adapted equipment for the new cars sold. The prices and revenues shown as well as the distribution of connectivity, drive types, autonomy levels, and average CO2 emissions are accordingly based on the basic models. Importantly, our focus is solely on the market for newly sold cars, distinct from the broader category of registered cars.

The Passenger Cars market is divided into further markets for small cars, medium cars, executive cars, luxury cars, SUVs, minivans, and sports cars. Additionally, it delves into different car brands, offering a comprehensive view of the market.

Insights are centered on newly sold cars in standard configurations, excluding used vehicles and customizations. Reported statistics align with base vehicle configurations, ensuring a focused understanding of the dynamic passenger car market.

In-Scope

  • Newly Sold Passenger cars
  • Sports cars
  • SUVs
  • MPVs

Out-Of-Scope

  • Motorcycles, Buses and Trucks
  • Commercial Vans (included for the U.S. market only)
  • Pickup trucks (included for the U.S. market only)
eMobility: in-depth market analysis - Cover

Market Insights report

eMobility: in-depth market analysis

Study Details

    Unit Sales

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Analyst Opinion

    The Passenger Cars market in Chad has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Passenger Cars market in Chad have shifted towards more fuel-efficient and environmentally friendly vehicles.

    This is in line with global trends, as consumers become more conscious of the impact of their choices on the environment. As a result, there has been an increased demand for hybrid and electric vehicles in Chad. Additionally, customers are also looking for vehicles with advanced safety features and modern technology, such as connectivity options and infotainment systems.

    One of the key trends in the Passenger Cars market in Chad is the rise of SUVs and crossover vehicles. These vehicles offer a combination of spaciousness, versatility, and off-road capabilities, which appeal to customers in Chad who often face challenging road conditions. SUVs and crossovers also provide a sense of safety and security, which is highly valued by consumers in the region.

    Another trend in the market is the growing popularity of used cars. This can be attributed to the relatively high cost of new vehicles and the limited purchasing power of consumers in Chad. Many customers prefer to buy used cars, which are more affordable and offer a wider range of options.

    This trend has created a thriving market for the import and sale of used cars in Chad. Local special circumstances in Chad also contribute to the development of the Passenger Cars market. The country's vast and remote geography, coupled with limited public transportation infrastructure, makes owning a car a necessity for many people.

    This drives the demand for passenger cars, as individuals and families rely on them for daily commuting and transportation needs. Underlying macroeconomic factors also play a role in the growth of the Passenger Cars market in Chad. Economic stability and an increase in disposable income have enabled more people to afford cars.

    Additionally, favorable government policies, such as tax incentives and subsidies for hybrid and electric vehicles, have further stimulated the market. In conclusion, the Passenger Cars market in Chad is developing in response to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards fuel-efficient and environmentally friendly vehicles, the rise of SUVs and crossover vehicles, the popularity of used cars, the necessity of car ownership due to limited public transportation infrastructure, and favorable government policies all contribute to the growth of the market in Chad.

    Technical Specifications

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Notes: Level 0: No automation and very limited driver assistance in the form of automatic emergency braking or blind-spot warning. Level 1: Driver assistance such as cruise control or lane centering. Level 2: Partial automation, including brake and steering support. Level 3: Conditional automation, the vehicle can perform most driving tasks in certain scenarios, human intervention is still needed.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Price

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. Figures are based on the sales of new passenger cars. Data on the specifications of the sold vehicles is based on the base models of the respective makes.

    Modeling approach:

    Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use company reports and websites, vehicle registries, car dealers, and environment agencies among other sources. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and car stock per capita. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, we use the ARIMA model for the Passenger Cars market. The main drivers are GDP per capita and consumer spending per capita.

    Additional notes:

    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).

    Mobility

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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