Full-Size Vans - Central Africa

Central Africa

The Full-size Vans market in Central Africa is projected to witness a significant growth in revenue, with an estimated value of US$2m in 2024.
This indicates a positive trend in the market.
Furthermore, it is anticipated that the revenue will experience a compounded annual growth rate (CAGR 2024-2028) of 15.80%, leading to a projected market volume of US$4m by 2028.
In line with this growth, the unit sales of Full-size Vans market in the Central African market are expected to reach 130.0vehicles by 2028.
This suggests a rising demand for these vehicles in the region.
Additionally, the volume weighted average price of Full-size Vans market in Central Africa is predicted to be approximately US$30k in 2024.
This figure reflects the average price at which these vans are expected to be sold in the market.
From an international standpoint, it is worth noting that United States is projected to generate the highest revenue in the Full-size Vans market, with an estimated value of US$8,767m in 2024.
This highlights the dominance of the US market in this segment.
In Central Africa, the demand for full-size vans is steadily increasing due to the growing need for reliable transportation in rural areas.

Key regions: Europe, Worldwide, India, United States,

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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).