| Product Code: ETC6679784 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Cape Verde saw a significant increase in heavy duty trucks import shipments, with top exporters being Portugal, China, Japan, and Netherlands. The industry displayed a high Herfindahl-Hirschman Index (HHI) concentration, indicating a competitive market. The impressive Compound Annual Growth Rate (CAGR) of 21.64% from 2020 to 2024 highlights the robust demand for heavy duty trucks in Cape Verde. Moreover, the exceptional growth rate of 92.24% from 2023 to 2024 suggests a rapid expansion in the market, making it an attractive prospect for further analysis and investment opportunities.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Heavy Duty Trucks Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Heavy Duty Trucks Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Heavy Duty Trucks Market - Industry Life Cycle |
3.4 Cape Verde Heavy Duty Trucks Market - Porter's Five Forces |
3.5 Cape Verde Heavy Duty Trucks Market Revenues & Volume Share, By Class, 2021 & 2031F |
3.6 Cape Verde Heavy Duty Trucks Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.7 Cape Verde Heavy Duty Trucks Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
4 Cape Verde Heavy Duty Trucks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Infrastructure development projects in Cape Verde that require heavy duty trucks for construction and transportation. |
4.2.2 Growing urbanization and industrialization leading to increased demand for heavy duty trucks for logistics and transportation purposes. |
4.2.3 Government initiatives promoting the use of heavy duty trucks for improving efficiency and productivity in various sectors. |
4.3 Market Restraints |
4.3.1 High import duties and taxes on heavy duty trucks in Cape Verde, impacting their affordability and accessibility. |
4.3.2 Limited availability of financing options for purchasing heavy duty trucks, hindering market growth. |
4.3.3 Lack of skilled labor for operating and maintaining heavy duty trucks, affecting the adoption rate. |
5 Cape Verde Heavy Duty Trucks Market Trends |
6 Cape Verde Heavy Duty Trucks Market, By Types |
6.1 Cape Verde Heavy Duty Trucks Market, By Class |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Heavy Duty Trucks Market Revenues & Volume, By Class, 2021- 2031F |
6.1.3 Cape Verde Heavy Duty Trucks Market Revenues & Volume, By Class 5, 2021- 2031F |
6.1.4 Cape Verde Heavy Duty Trucks Market Revenues & Volume, By Class 6, 2021- 2031F |
6.1.5 Cape Verde Heavy Duty Trucks Market Revenues & Volume, By Class 7, 2021- 2031F |
6.1.6 Cape Verde Heavy Duty Trucks Market Revenues & Volume, By Class 8, 2021- 2031F |
6.2 Cape Verde Heavy Duty Trucks Market, By Fuel Type |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Heavy Duty Trucks Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.2.3 Cape Verde Heavy Duty Trucks Market Revenues & Volume, By Diesel, 2021- 2031F |
6.2.4 Cape Verde Heavy Duty Trucks Market Revenues & Volume, By Electric, 2021- 2031F |
6.2.5 Cape Verde Heavy Duty Trucks Market Revenues & Volume, By Alternative Fuels, 2021- 2031F |
6.3 Cape Verde Heavy Duty Trucks Market, By Application Type |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Heavy Duty Trucks Market Revenues & Volume, By Construction and Mining, 2021- 2031F |
6.3.3 Cape Verde Heavy Duty Trucks Market Revenues & Volume, By Freight and Logistics, 2021- 2031F |
6.3.4 Cape Verde Heavy Duty Trucks Market Revenues & Volume, By Others, 2021- 2031F |
7 Cape Verde Heavy Duty Trucks Market Import-Export Trade Statistics |
7.1 Cape Verde Heavy Duty Trucks Market Export to Major Countries |
7.2 Cape Verde Heavy Duty Trucks Market Imports from Major Countries |
8 Cape Verde Heavy Duty Trucks Market Key Performance Indicators |
8.1 Average age of heavy duty truck fleet in Cape Verde. |
8.2 Number of new infrastructure projects announced or underway. |
8.3 Percentage increase in the registration of heavy duty trucks in Cape Verde. |
8.4 Average utilization rate of heavy duty trucks in key industries. |
8.5 Adoption rate of environmentally friendly heavy duty trucks. |
9 Cape Verde Heavy Duty Trucks Market - Opportunity Assessment |
9.1 Cape Verde Heavy Duty Trucks Market Opportunity Assessment, By Class, 2021 & 2031F |
9.2 Cape Verde Heavy Duty Trucks Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.3 Cape Verde Heavy Duty Trucks Market Opportunity Assessment, By Application Type, 2021 & 2031F |
10 Cape Verde Heavy Duty Trucks Market - Competitive Landscape |
10.1 Cape Verde Heavy Duty Trucks Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Heavy Duty Trucks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |