M a r k e t N e w s

EMERGING DYNAMICS AND FUTURE OF TANZANIANS AUTOMOTIVE INDUSTRY

Posted on : Wednesday, 10th April 2019

Foton Motor Company a Chinese automobile maker is establishing a truck assembling plant in Tanzania in order to extend its foray in the East African region.The firm’s strategy to set up the facility is in line with the country’s fifth phase of the governments target’s on industrialization. The President John Magufuli has pushed the dream in the country as he looks to make a significant impact before his time as a President comes to an end.  Prioritizing the manufacturing sector has high potential to drive the country’s dream of becoming a middle-income economy by 2025. Many foreign investors seek business opportunities after giving a second thought to the country’s goal of 2025. To establish a conducive environment for foreign businesses and to support the local sector The State Head has worked immensely. To cater to the market demand in the country. Earlier this year Foton launched its assembling facility in Kenya, to facilitate trade. The company anticipates offering solutions in the transport sector. By creating job opportunities for the citizens. The firm plans to eradicate the prevalent challenge of unemployment.As compared to importing, the expansion plan will ensure car dealers acquire the trucks at an affordable price. Spare parts will also   be  well available at competitive prices.

  As they look to have a share of the same market the East Africa  is continued to be ventured by Car automakers. The only potential competitor and major investor in the manufacturing industry is Toyota .Extending its reach in Ethiopia after entering the Rwandan market is the German machine Volkswagen.

 To attract more investments in the automotive industry, last year Tanzania cut its taxes as a business incentive measure. A new- plant established for assembling motor vehicles or tractors will now receive a corporate tax rate of 10 percent” which is a 20 percent reduction of the 30 percent corporate tax rate this was stated in The Finance Bill of 2018.

The government is adamant to produce brand new locally made vehicles as well as export to the neighboring countries. 

The Tanzania automobile market provides comprehensive analysis and forecasts of heavy commercial vehicles, light commercial vehicles and passenger cars. Business strategies of industry leaders, customer preferences, and Evolving market dynamics, are also included.

An  in-depth SWOT analysis of different vehicle market sub-types including motor cycles, vans, buses, heavy trucks LCVs and  PCs research work and Historic data on the import and export trends by source/destination country are provided in   the research work. The research work also provides market growth in two time series: forecast from 2018 to 2025 and historic from 2005 to 2017. The Impact of economic conditions and business on automotive industry are assessed. Further GDP, inflation trends through 2005 to 2025, household income are analyzed along with key demographic patterns during the period.

For better understanding of the current status of the automobile industry in Tanzania is compared with its peer countries in the region. In this research publication Even, the Global and regional Trends in Automotive industry are also included. Identifying market structures and potential market players. Three leading Tanzanian automotive companies their SWOT profiles and Business profiles are included in this analysis.  analysis on all major recent developments and their impact on the Tanzania automotive industry are analyzed.

 

Source : Bizmart
Featured Companies
  • KG INTERNATIONAL FZCO
  • MIDDLE EAST BATTERY COMPANY
  • DEERFOS
  • PINNACLE
  • dubaiexporters.com
  • J.K. Fenner Limited

Complete List  

Advertisers in previous issue:

  • DM is one of the leading manufacturer specialized in reflective material in the world, which is only one manufacturer that not only produce personal safety production but also produce traffic safety production in China.
  • Product includes Braking, Steering, Suspension, Filtration, Transmission, Cooling, Heating, Electrical, Engine, Lubricants, Chemicals, Wiping, Lighting etc.
  • Leading Dealers,Wholesalers & Retailers Specially For Nissan,Toyota & All Japanese Car Genuine Spare Parts.
  • Changzhou Guoshi Vehicle Accessories Co.,Ltd. is proficient in vehicle spare parts manufacturing and has involved a lot of capital, time and resources to make us prominent in this industry.
  • Pro Media is established by a group of advertising sales people who have had over 25 years of experience in Taiwan’s two-wheeled industry.
  • Wheel bearing / Hub units,Water pump bearings,Deep grove ball bearings;Strut bearings;Heavy duty truck tapers;Tensioner bearings
  • Steelmate - The world leading manufacturer in mobile electronics industry
  • Fowlers Parts supply genuine original spare parts
  • Yellow stone diesel-One of the leading manufacturers of engine parts.
  • Unique Part Trading L.L.C was formed in the year 1984 registered with Dubai Economic Department and Dubai Chamber of Commerce in dealing with the General Trade License to do the Commercial Activities of the Business.
  • Our corporation is an important motorcycle production base in southern China.
  • JINGZHOU JINGFU AUTO PARTS CO.,LTD , a Taiwan & Hubei joint venture, is focusing on manufacturing and supplying professional suspension parts.
  • Global Auto Parts is an Automotive Aftermarket spare parts wholesaler offering genuine quality aftermarket replacement parts for all makes and models of passenger cars, light commercials vehicles, trucks and trailers.
  • Boston Garage Equipment Ltd is a leading suppliers of a superb range of vehicle workshop equipment.
  • Tyre makers.
  • Our products are widely used and serviced for passenger car,truck,tractor,agricultural & earthmoving machines,stationary & marine engine.
  • Rolman World is one of the largest and most established distributors of bearings and related technical services in the Middle East and Africa.
  • Specialized in development, design, manufacture and sale of steel wheel of the truck and trailer and bus,etc.
  • Car garage equipment
  • Nordic Trailers Ltd we pride ourselves on importing and selling world leading car trailers from Respo.
  • ANAM Motors Co., Ltd., has been expanding its areas into many markets of Auto motive Spare Parts in worldwide from the establishment year of 1998.
  • Lanfeng machine Co., LTD is a collection of R&D, production and sales of Fuel dispenser and LPG dispenser, gas station equipment of large enterprises in China.
  • JNBK Corporation is a trusted leading manufacturer for top quality brakes with a widest range of products covering main applications for Japan, Europe & Americas.
  • Best Choice International Trade is one of the leading tyre exporter in China, and a major supplier of tyres and engines in Beijing Municipality.
  • Range,Service,Quality.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade