| Product Code: ETC6681832 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The luxury car import market in Cape Verde saw a significant shift in 2024 with top exporting countries being Portugal, China, Japan, Spain, and Br. Indian Ocean Terr. The market concentration, as measured by the HHI, increased from moderate to very high in just one year, indicating potential challenges for competition. Despite a negative growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained positive at 5.35%, suggesting long-term opportunities for luxury car imports in Cape Verde. Stakeholders should closely monitor market dynamics and competition to capitalize on growth potential.

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 Luxury Car Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Luxury Car Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Luxury Car Market - Industry Life Cycle |
3.4 Cape Verde Luxury Car Market - Porter's Five Forces |
3.5 Cape Verde Luxury Car Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Cape Verde Luxury Car Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.7 Cape Verde Luxury Car Market Revenues & Volume Share, By Price Range, 2021 & 2031F |
3.8 Cape Verde Luxury Car Market Revenues & Volume Share, By Engine Capacity, 2021 & 2031F |
4 Cape Verde Luxury Car Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of the population in Cape Verde |
4.2.2 Growing preference for luxury and high-end vehicles in the market |
4.2.3 Development of better road infrastructure and transportation networks in the region |
4.3 Market Restraints |
4.3.1 High import taxes and tariffs on luxury cars in Cape Verde |
4.3.2 Limited availability of luxury car models and brands in the market |
4.3.3 Economic instability and fluctuations affecting consumer spending on luxury items |
5 Cape Verde Luxury Car Market Trends |
6 Cape Verde Luxury Car Market, By Types |
6.1 Cape Verde Luxury Car Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Luxury Car Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 Cape Verde Luxury Car Market Revenues & Volume, By Hatchback, 2021- 2031F |
6.1.4 Cape Verde Luxury Car Market Revenues & Volume, By Sedan, 2021- 2031F |
6.1.5 Cape Verde Luxury Car Market Revenues & Volume, By Sports Utility Vehicle, 2021- 2031F |
6.2 Cape Verde Luxury Car Market, By Fuel Type |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Luxury Car Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.2.3 Cape Verde Luxury Car Market Revenues & Volume, By Diesel, 2021- 2031F |
6.2.4 Cape Verde Luxury Car Market Revenues & Volume, By Electric, 2021- 2031F |
6.3 Cape Verde Luxury Car Market, By Price Range |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Luxury Car Market Revenues & Volume, By Entry-Level, 2021- 2031F |
6.3.3 Cape Verde Luxury Car Market Revenues & Volume, By Mid-Level, 2021- 2031F |
6.3.4 Cape Verde Luxury Car Market Revenues & Volume, By High-End, 2021- 2031F |
6.3.5 Cape Verde Luxury Car Market Revenues & Volume, By Ultra, 2021- 2031F |
6.4 Cape Verde Luxury Car Market, By Engine Capacity |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde Luxury Car Market Revenues & Volume, By Up to 3,000 CC, 2021- 2031F |
6.4.3 Cape Verde Luxury Car Market Revenues & Volume, By Above 3,000 CC, 2021- 2031F |
7 Cape Verde Luxury Car Market Import-Export Trade Statistics |
7.1 Cape Verde Luxury Car Market Export to Major Countries |
7.2 Cape Verde Luxury Car Market Imports from Major Countries |
8 Cape Verde Luxury Car Market Key Performance Indicators |
8.1 Average selling price of luxury cars in Cape Verde |
8.2 Number of luxury car dealerships opening in the region |
8.3 Percentage of luxury car market penetration in the overall automotive sector in Cape Verde |
9 Cape Verde Luxury Car Market - Opportunity Assessment |
9.1 Cape Verde Luxury Car Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Cape Verde Luxury Car Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.3 Cape Verde Luxury Car Market Opportunity Assessment, By Price Range, 2021 & 2031F |
9.4 Cape Verde Luxury Car Market Opportunity Assessment, By Engine Capacity, 2021 & 2031F |
10 Cape Verde Luxury Car Market - Competitive Landscape |
10.1 Cape Verde Luxury Car Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Luxury Car Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |