Kenya Automotive Industry joined the top 100 global auto markets just two years ago at the end of an impressive run started over ten years ago. Commercial segment are fueling the growth .
Kenya is the economic and transport hub of East Africa. Kenya’s real GDP growth has averaged around 5% for the past several years. Nevertheless, Kenya is among the low middle-income countries.
While Kenya has a growing entrepreneurial middle class, faster growth and poverty reduction is hampered by corruption and by reliance upon several primary goods. Unemployment is high at around 40%.
The automotive industry is still widely under developed with the used vehicles segment still dominating due to the low pro capita income and still weak infrastructures.
However both income and structures have fast improved in the last decade creating the ground for the growth of the new vehicles segment.
Albeit the market increased from 3.085 units in the 2004 to the record of 19.549 in the 2015, forecast for the next years are quite positive.
In the 2016 the market is hit by the decline of raw materials in the international market but the expected fall will be just a short-term episode.
Research, Consulting, Data & Forecast Store
F2M covers intensively this market with several products developed to help any investigation required.
Market Researches in PDF are immediately available for download with study on the market since 2005 and with forecast up to the 2020.
Auto Data in EXCEL are immediately downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end.
All these and more within our Kenya Store!