Africa's DC Motors Market to Grow at 1.3% CAGR Over Next Decade - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

IndexBox has just published a new report: Africa - Motors Of An Output Not Exceeding 37.5 W; Other Dc Motors And Dc Generators - Market Analysis, Forecast, Size, Trends and Insights.

The demand for DC motors in Africa is on the rise, leading to a projected upward trend in market consumption over the next decade. The market is expected to grow with a CAGR of +1.3% in volume and +2.3% in value from 2024 to 2035, reaching 232M units and $11.9B in nominal prices by the end of 2035.

Driven by increasing demand for DC motors in Africa, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.3% for the period from 2024 to 2035, which is projected to bring the market volume to 232M units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.3% for the period from 2024 to 2035, which is projected to bring the market value to $11.9B (in nominal wholesale prices) by the end of 2035.

In 2024, the amount of DC motors consumed in Africa rose significantly to 202M units, increasing by 6.2% on the previous year's figure. In general, consumption saw a remarkable increase. The volume of consumption peaked in 2024 and is likely to see steady growth in years to come.

The value of the DC motor market in Africa rose modestly to $9.3B in 2024, growing by 2.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total consumption indicated a buoyant increase from 2013 to 2024: its value increased at an average annual rate of +5.2% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -0.4% against 2022 indices. As a result, consumption attained the peak level of $10.4B. From 2020 to 2024, the growth of the market remained at a lower figure.

The countries with the highest volumes of consumption in 2024 were Kenya (36M units), Angola (27M units) and Morocco (25M units), together comprising 44% of total consumption. Ghana, Cameroon, Egypt, Rwanda, Chad, Congo and Sierra Leone lagged somewhat behind, together comprising a further 40%.

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Egypt (with a CAGR of +36.6%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, Chad ($4B) led the market, alone. The second position in the ranking was held by Rwanda ($1.3B). It was followed by Kenya.

From 2013 to 2024, the average annual growth rate of value in Chad stood at +5.0%. The remaining consuming countries recorded the following average annual rates of market growth: Rwanda (+2.5% per year) and Kenya (+5.5% per year).

The countries with the highest levels of DC motor per capita consumption in 2024 were Congo (1,267 units per 1000 persons), Sierra Leone (839 units per 1000 persons) and Angola (713 units per 1000 persons).

From 2013 to 2024, the biggest increases were recorded for Egypt (with a CAGR of +33.9%), while consumption for the other leaders experienced more modest paces of growth.

In 2024, dc motor production in Africa amounted to 151M units, leveling off at 2023 figures. The total production indicated a strong expansion from 2013 to 2024: its volume increased at an average annual rate of +5.1% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -0.6% against 2022 indices. The pace of growth was the most pronounced in 2019 with an increase of 20% against the previous year. The volume of production peaked at 152M units in 2022; however, from 2023 to 2024, production remained at a lower figure.

In value terms, DC motor production stood at $7.8B in 2024 estimated in export price. The total production indicated perceptible growth from 2013 to 2024: its value increased at an average annual rate of +4.9% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production increased by +4.2% against 2021 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 41%. As a result, production reached the peak level of $10.3B. From 2020 to 2024, production growth remained at a lower figure.

The countries with the highest volumes of production in 2024 were Kenya (36M units), Angola (27M units) and Ghana (22M units), together accounting for 57% of total production.

From 2013 to 2024, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Angola (with a CAGR of +9.5%), while production for the other leaders experienced more modest paces of growth.

In 2024, approx. 52M units of DC motors were imported in Africa; jumping by 26% on 2023. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. Over the period under review, imports attained the maximum in 2024 and are likely to continue growth in the near future.

In value terms, DC motor imports expanded notably to $397M in 2024. The total import value increased at an average annual rate of +1.9% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 34%. As a result, imports attained the peak of $402M. From 2021 to 2024, the growth of imports failed to regain momentum.

Morocco represented the key importer of DC motors in Africa, with the volume of imports accounting for 25M units, which was approx. 49% of total imports in 2024. Egypt (11M units) ranks second in terms of the total imports with a 22% share, followed by South Africa (12%) and Tunisia (10%). Algeria (1.3M units) and Nigeria (1.1M units) followed a long way behind the leaders.

Imports into Morocco increased at an average annual rate of +34.7% from 2013 to 2024. At the same time, Egypt (+36.6%), Tunisia (+10.4%), Nigeria (+7.1%), Algeria (+3.6%) and South Africa (+1.5%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in Africa, with a CAGR of +36.6% from 2013-2024. Morocco (+40 p.p.) and Egypt (+19 p.p.) significantly strengthened its position in terms of the total imports, while Nigeria, Algeria, Tunisia and South Africa saw its share reduced by -2.7%, -5.8%, -6.3% and -35.7% from 2013 to 2024, respectively.

In value terms, the largest DC motor importing markets in Africa were South Africa ($86M), Morocco ($74M) and Nigeria ($47M), together comprising 52% of total imports.

Nigeria, with a CAGR of +17.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Electric motors represented the major type of DC motors in Africa, with the volume of imports finishing at 42M units, which was approx. 81% of total imports in 2024. It was distantly followed by electric motors and generators (9M units), creating a 17% share of total imports.

Electric motors was also the fastest-growing in terms of imports, with a CAGR of +17.4% from 2013 to 2024. At the same time, electric motors and generators (+12.1%) displayed positive paces of growth. While the share of electric motors (+14 p.p.) increased significantly in terms of the total imports from 2013-2024, the share of electric motors and generators (-6.6 p.p.) displayed negative dynamics.

In value terms, the largest types of imported DC motors were electric motors and generators ($152M), electric motors ($119M) and electric motors and generators ($69M), together accounting for 86% of total imports.

Electric motors and generators, with a CAGR of +5.9%, recorded the highest growth rate of the value of imports, among the main imported products over the period under review, while purchases for the other products experienced more modest paces of growth.

In 2024, the import price in Africa amounted to $7.6 per unit, declining by -12% against the previous year. In general, the import price saw a abrupt contraction. The pace of growth was the most pronounced in 2020 when the import price increased by 20% against the previous year. The level of import peaked at $30 per unit in 2013; however, from 2014 to 2024, import prices stood at a somewhat lower figure.

Prices varied noticeably by the product type; the product with the highest price was electric motors and generators ($6 thousand per unit), while the price for electric motors ($2.8 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by electric motors and generators; DC, of an output exceeding 75kW but not exceeding 375kW (+14.5%), while the other products experienced mixed trends in the import price figures.

In 2024, the import price in Africa amounted to $7.6 per unit, falling by -12% against the previous year. Over the period under review, the import price showed a abrupt setback. The pace of growth was the most pronounced in 2020 when the import price increased by 20%. The level of import peaked at $30 per unit in 2013; however, from 2014 to 2024, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($44 per unit), while Tunisia ($2.6 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Nigeria (+9.9%), while the other leaders experienced a decline in the import price figures.

DC motor exports reduced sharply to 503K units in 2024, which is down by -20.6% compared with 2023 figures. Overall, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2019 with an increase of 107%. Over the period under review, the exports attained the peak figure at 1M units in 2020; however, from 2021 to 2024, the exports stood at a somewhat lower figure.

In value terms, DC motor exports dropped modestly to $39M in 2024. In general, exports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2023 with an increase of 30%. Over the period under review, the exports hit record highs at $50M in 2013; however, from 2014 to 2024, the exports remained at a lower figure.

Kenya (238K units) and Tunisia (181K units) prevails in exports structure, together committing 83% of total exports. It was distantly followed by South Africa (37K units), committing a 7.3% share of total exports. The following exporters - Mauritius (15K units) and Egypt (13K units) - each finished at a 5.6% share of total exports.

From 2013 to 2024, the biggest increases were recorded for Egypt (with a CAGR of +88.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($21M) remains the largest DC motor supplier in Africa, comprising 55% of total exports. The second position in the ranking was taken by Kenya ($8.8M), with a 23% share of total exports. It was followed by Tunisia, with a 7% share.

From 2013 to 2024, the average annual growth rate of value in South Africa stood at -3.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Kenya (+41.1% per year) and Tunisia (+3.2% per year).

The products with the highest levels of DC motor exports in 2024 were electric motors and generators (258K units) and electric motors (240K units), together finishing at 99% of total export.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the key exported products, was attained by electric motors and generators (with a CAGR of +21.5%), while the other products experienced mixed trends in the exports figures.

In value terms, electric motors ($14M), electric motors and generators ($13M) and electric motors and generators ($4.3M) appeared to be the products with the highest levels of exports in 2024, with a combined 80% share of total exports.

In terms of the main exported products, electric motors and generators, with a CAGR of +0.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced a decline in the exports figures.

The export price in Africa stood at $77 per unit in 2024, surging by 24% against the previous year. In general, the export price, however, saw a abrupt setback. The growth pace was the most rapid in 2021 when the export price increased by 132%. The level of export peaked at $217 per unit in 2013; however, from 2014 to 2024, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exported products. In 2024, the product with the highest price was electric motors and generators ($9 thousand per unit), while the average price for exports of electric motors and generators ($50 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by electric motors and generators; DC, of an output exceeding 75kW but not exceeding 375kW (+12.5%), while the other products experienced more modest paces of growth.

The export price in Africa stood at $77 per unit in 2024, surging by 24% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 132% against the previous year. The level of export peaked at $217 per unit in 2013; however, from 2014 to 2024, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was South Africa ($579 per unit), while Mauritius ($7.3 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Mauritius (+7.1%), while the other leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the dc motor market in Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Importers on The Market and How They Succeed

The Largest Exporters on The Market and How They Succeed

The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles