How big is the Ghana Automobile Market?

The Ghana Automobile Market size is expected to reach USD 1.93 billion in 2024 and grow at a CAGR of 1.55% to reach USD 2.08 billion by 2029. Read More

What is the current Ghana Automobile Market size?

In 2024, the Ghana Automobile Market size is expected to reach USD 1.93 billion. Read More

Who are the key players in Ghana Automobile Market?

Toyota Motor Corporation, Bajaj Auto Ltd, Honda Motor Corporation and Yamaha Corporation are the major companies operating in the Ghana Automobile Market. Read More

What years does this Ghana Automobile Market cover, and what was the market size in 2023?

In 2023, the Ghana Automobile Market size was estimated at USD 1.90 billion. The report covers the Ghana Automobile Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ghana Automobile Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Ghana Automobile Industry - Size, Share & Market Analysis

Ghana Automobile Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Ghana Automobile Industry Report is Segmented by Vehicle Type (Passenger Cars, Commercial Vehicles, Two-Wheelers, and Three-Wheelers), Propulsion (Internal Combustion Engine and Electric Vehicles), and Type (New Vehicles and Used Vehicles). The Report Offers the Market Size in Value Terms in USD for all the Above-Mentioned Segments.

Ghana Automobile Industry Overview

The Ghanaian automobile market is moderately fragmented, with a few players such as Toyota Motors, Nissan Motors, Suzuki Corporation, Hyundai Motors, Yamaha Motors, Bajaj Auto, and Hero Motorcycles, among others. Several players in the market are introducing various business strategies to gain a competitive advantage, which are expected to enhance the target market during the forecast period.

October 2023: Ashok Leyland announced the completion of its maiden locally assembled Phoneix trucks at Rana Motors assembling plant in Accra. The company aims to take advantage of the government’s Automotive Manufacturing Development policy to ramp up its assembling activity in Ghana.
April 2023: Ghana’s Jospong Group, a major conglomerate in the country, announced its collaboration with the US-based ZeroNox, which specializes in the electrification of commercial vehicles, to launch a massive electrification project involving 1,000 rubbish trucks. Under the signed joint venture agreement, 1,000 rubbish trucks from Zoomlion, a subsidiary of Jospong, would be retrofitted with ZeroNox’s latest EV platform and LFP batteries.