$1.2 Bn
Used Car Market
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ZIC is actively inviting investors to put up automotive and related spare parts manufacturing facility to cater to a US $18 Billion automotive industry of Western African states.
ZIC is actively inviting investors to put up automotive and related spare parts manufacturing facility to cater to a US $18 Billion automotive industry of Western African states.
$1.2 Bn
Used Car Market
The Ivorian automotive market is projected to grow by 5.4% annually by 2025. This rapid expansion, coupled with a rising urban population and increasing disposable income, creates a strong demand for car sales and spare parts within ZIC. Notably, the used car market dominates in Côte d'Ivoire, highlighting a significant potential for ZIC to cater to the high demand for spare parts and maintenance services.
Success in this dynamic market hinges on understanding consumer trends. Consumers are increasingly seeking fuel-efficient, affordable, and reliable vehicles. The demand for after-sales services and spare parts is expected to rise significantly, creating an opportunity for ZIC-based businesses to cater to maintenance needs. The rise of online platforms for purchasing spare parts presents new avenues for ZIC companies to reach a wider customer base.
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