| Product Code: ETC6672438 | 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 |
The automotive multi-wheel drive import market in Cape Verde experienced significant growth in 2024, with a notable increase in concentration levels. Key exporting countries like Portugal, USA, China, Brazil, and Netherlands played a crucial role in driving this growth. The high Herfindahl-Hirschman Index (HHI) concentration in 2023 intensified further in 2024, indicating a very competitive market landscape. The impressive Compound Annual Growth Rate (CAGR) of 8.93% from 2020 to 2024 demonstrates sustained market expansion, with a notable growth rate of 21.22% in 2024 alone, signaling a promising outlook for the industry in Cape Verde.

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 Automotive Multi-Wheel Drive Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Automotive Multi-Wheel Drive Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Automotive Multi-Wheel Drive Market - Industry Life Cycle |
3.4 Cape Verde Automotive Multi-Wheel Drive Market - Porter's Five Forces |
3.5 Cape Verde Automotive Multi-Wheel Drive Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Cape Verde Automotive Multi-Wheel Drive Market Revenues & Volume Share, By Transmission Type, 2021 & 2031F |
3.7 Cape Verde Automotive Multi-Wheel Drive Market Revenues & Volume Share, By Wheel Drive Type, 2021 & 2031F |
4 Cape Verde Automotive Multi-Wheel Drive Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for off-road vehicles in Cape Verde due to its rugged terrain and outdoor recreational activities. |
4.2.2 Growth in tourism industry leading to higher demand for multi-wheel drive vehicles for transportation and adventure tours. |
4.2.3 Government initiatives to improve infrastructure and accessibility to remote areas, driving the need for multi-wheel drive vehicles. |
4.3 Market Restraints |
4.3.1 High import duties and taxes on vehicles in Cape Verde, leading to higher prices for multi-wheel drive vehicles. |
4.3.2 Limited availability of financing options for purchasing vehicles, hindering consumer affordability. |
4.3.3 Lack of adequate servicing and maintenance facilities for multi-wheel drive vehicles in Cape Verde, impacting ownership experience. |
5 Cape Verde Automotive Multi-Wheel Drive Market Trends |
6 Cape Verde Automotive Multi-Wheel Drive Market, By Types |
6.1 Cape Verde Automotive Multi-Wheel Drive Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Automotive Multi-Wheel Drive Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 Cape Verde Automotive Multi-Wheel Drive Market Revenues & Volume, By Passenger Cars, 2021- 2031F |
6.1.4 Cape Verde Automotive Multi-Wheel Drive Market Revenues & Volume, By Light Commercial Vehicles, 2021- 2031F |
6.1.5 Cape Verde Automotive Multi-Wheel Drive Market Revenues & Volume, By Heavy Commercial Vehicles, 2021- 2031F |
6.2 Cape Verde Automotive Multi-Wheel Drive Market, By Transmission Type |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Automotive Multi-Wheel Drive Market Revenues & Volume, By Manual MWD, 2021- 2031F |
6.2.3 Cape Verde Automotive Multi-Wheel Drive Market Revenues & Volume, By Automatic MWD, 2021- 2031F |
6.3 Cape Verde Automotive Multi-Wheel Drive Market, By Wheel Drive Type |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Automotive Multi-Wheel Drive Market Revenues & Volume, By Front-wheel Drive (FWD), 2021- 2031F |
6.3.3 Cape Verde Automotive Multi-Wheel Drive Market Revenues & Volume, By Rear-wheel Drive (RWD), 2021- 2031F |
6.3.4 Cape Verde Automotive Multi-Wheel Drive Market Revenues & Volume, By Four-wheel Drive (4WD)/All-wheel Drive (AWD), 2021- 2031F |
7 Cape Verde Automotive Multi-Wheel Drive Market Import-Export Trade Statistics |
7.1 Cape Verde Automotive Multi-Wheel Drive Market Export to Major Countries |
7.2 Cape Verde Automotive Multi-Wheel Drive Market Imports from Major Countries |
8 Cape Verde Automotive Multi-Wheel Drive Market Key Performance Indicators |
8.1 Average age of vehicles in Cape Verde, indicating the potential for vehicle replacement and market growth. |
8.2 Number of multi-wheel drive vehicle registrations in Cape Verde, reflecting the demand and adoption rate. |
8.3 Frequency of off-road events and tours organized in Cape Verde, signaling the market's growth potential and consumer interest. |
9 Cape Verde Automotive Multi-Wheel Drive Market - Opportunity Assessment |
9.1 Cape Verde Automotive Multi-Wheel Drive Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Cape Verde Automotive Multi-Wheel Drive Market Opportunity Assessment, By Transmission Type, 2021 & 2031F |
9.3 Cape Verde Automotive Multi-Wheel Drive Market Opportunity Assessment, By Wheel Drive Type, 2021 & 2031F |
10 Cape Verde Automotive Multi-Wheel Drive Market - Competitive Landscape |
10.1 Cape Verde Automotive Multi-Wheel Drive Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Automotive Multi-Wheel Drive Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |