The Association of African Automotive Manufacturers (AAAM) will use the Automotive Show at IATF in Durban this year to advance the development of regional manufacturing chains to address systemic unemployment and poverty in Africa.
AAAM CEO Dave Coffey said countries with successful automotive industries benefit from the significant economic contribution that the industry provides.
“With the motorisation rate in Africa, at a fifth of the world average, a huge opportunity exists on our continent. Where countries have the political will, an automotive ecosystem can be created that facilitates vehicle demand, whilst attracting global manufacturing as well as supply chain and service investments, along with the development initiatives to enable their competitiveness. The AAAM Automotive Forum at the Automotive Show at IATF, will unpack why the Pan African Auto Pact can become a reality if regional economies collaborate by diversifying, enabling scale and competitive growth within the AFCFTA amidst a changing technological landscape,” Coffey said.
The Automotive show, including an exhibition and the AAAM Forum is Africa’s premier connection point for buyers, sellers, policy makers and development agencies to meet and build partnerships around materialising a locally driven industry.
In 2021, IATF’s theme will focus on the newly-launched African Continental Free Trade Area (AfCFTA) – a single market for goods and services across 55 countries, aimed at boosting trade and investment.
The decision to grow the automotive sales focus and to promote automotive manufacturing at IATF strengthens the value proposition for all participants and places a dedicated spotlight on the automotive sector, which now has its own seminar and exhibition hall at IATF – placing automotive manufacturing at the forefront of thinking pertaining to African trade and industrialisation.
Automotive Show organiser Andrew Binning believes there is a powerful value-proposition for role-players across the globe to participate in the automotive show “as it showcases opportunity not only in the trade of vehicles and parts but also in automotive and component manufacturing on the continent.”
“Further opportunities will be unlocked through the African Continental Free Trade Agreement, which is in the process of creating a single marketplace across the continent. This development is a massive incentive to local auto manufacturing,” he said.
Organised by Afreximbank in collaboration with the AU, the second IATF will be hosted by the Government of South Africa and is scheduled to take place in November 2021 in Durban.
For Automotive Show participation options at IATF2021 email: support@inkanyezi.co.za or view https://www.intrafricantradefair.com/en
SOCIAL MEDIA AND OTHER MARKETING CALL OUTS:
- The development of regional value chains could see new vehicle sales increase from 1 million to 5 million units a year across Africa, according to Afreximbank. The Automotive Show, including the AAAM Forum at IATF2021, will personally connect Africa’s automotive role-players in facilitation of this vision. For Automotive Show participation options at IATF2021 email: support@inkanyezi.co.za or view https://www.intrafricantradefair.com/en
- The Automotive Show and African Association of Automotive Manufacturers (AAAM) Automotive Forum at IATF is held under the theme “Building Bridges for a successful AfCFTA”. IATF2021 (from 15 – 21 November 2021 will provide a powerful platform for partnerships and opportunity in a single integrated African market of over 1.3 billion people with a combined GDP of over US$3.4 trillion. AfCFTA and projections for Africa suggest that exponential growth is possible for Africa’s automotive industry. For Automotive Show participation options, including exhibiting at IATF2021 email: support@inkanyezi.co.za or view https://www.intrafricantradefair.com/en
- Africa’s automotive trade will have dedicated focus at the African continent’s premier trade event, the Intra-African Trade Fair (IATF2021), in Durban, KwaZulu Natal, South Africa, from 15 – 21 November 2021. IATF’s Automotive Show will host an exhibition for automotive traders, suppliers and support services in addition to the African Association of Automotive Manufacturers (AAAM) Automotive Forum. For Automotive Show participation and exhibition options at IATF2021 email: support@inkanyezi.co.za or view https://www.intrafricantradefair.com/en
- Dave Coffey, CEO of the African Association of Automotive Manufacturers (AAAM) highlights the huge potential of African markets to be the next major opportunity for the global and domestic automotive sector with its young demographic profile, rapid population growth and urbanisation, burgeoning middle class and technology all suggesting exponential growth in demand. “We regard the ‘Pan African Auto Pact’ as the potential gamechanger for the development of the African automobile market, through its potential to connect African regions to create a harmonised portfolio with distributed value chains and manufacturing, started with a ‘coalition of the willing,” he says. For participation options at the dedicated Automotive Show and exhibition and AAAM Automotive Forum at IATF2021 email: support@inkanyezi.co.za or view https://www.intrafricantradefair.com/en
- Regarded as the global automotive sector’s “final frontier” Africa presents explosive opportunities to car, truck, bus, motorbike and other vehicle suppliers and parts distributors. Those that build partnerships with distributors and sales networks in Africa will be positioned to benefit from AfCFTA – the single integrated, free-trade African market of over 1.3 billion people with a combined GDP of over US$3.4 trillion, that becomes a reality in January 2021. For participation options at the dedicated Automotive Show including exhibition and AAAM Automotive Forum at IATF2021 email: support@inkanyezi.co.za or view https://www.intrafricantradefair.com/en
- Automotive, truck, bus and motorcycle aftermarket and accessories suppliers globally here is your invitation to richly connect with Africa’s automotive and transport decision-makers both private and government at The Automotive Show, at IATF2021 from 15 – 21 November in Durban, South Africa. For participation options at the dedicated Automotive Show including exhibition and AAAM Automotive Forum email: support@inkanyezi.co.za or view https://www.intrafricantradefair.com/en
- Africa’s automotive aftermarket sector is projected to grow exponentially as the continent’s young demographic profile, rapid population growth, urbanisation and burgeoning middle class, drive growth and market demand. The Automotive Show including exhibition at IATF2021, is a powerful platform from which to showcase automotive, motorbike, bus and truck products, services and brands, and as a visible base from which to make match-making meetings with Africa’s roleplayers. For participation options at the dedicated Automotive Show including exhibition, AAAM Automotive Forum and match-making program email: support@inkanyezi.co.za or view https://www.intrafricantradefair.com/en
- Consumer spending has risen over the past few years at an annual rate of 10% and by 2035, Africa is expected to have the largest labour force potential in the world, while
the motorisation rate in Africa is just 45 vehicles per 1000 inhabitants, which is significantly below the global average of 203 per 1000. For participation options at the dedicated Automotive Showat IATF 2021 including exhibition, AAAM Automotive Forum and match-making program email: support@inkanyezi.co.za or view https://www.intrafricantradefair.com/en - Estimated sales forecast for new light vehicles in Africa is now 1.8 million in 2027, double the 2019 market volume. For participation options at the dedicated Automotive Show at IATF 2021 including exhibition, AAAM Automotive Forum and match-making program email: support@inkanyezi.co.za or view https://www.intrafricantradefair.com/en
- The African Free Trade Agreement (AfCFTA) – which came into effect in January 2021, has created a single integrated, free-trade African market of over 1.3 billion people with a combined GDP of over US$3.4 trillion. Prospects for the automotive sector are explosive. Meet the roleplayers, buyers and sellers at the dedicated Automotive Show at IATF 2021 including exhibition, AAAM Automotive Forum and match-making program email: support@inkanyezi.co.za or view https://www.intrafricantradefair.com/en