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Truck-maker, FAW said the South African truck market is projected to grow by around 1.7% in 2025, with the Eastern Cape-based manufacturer poised to capitalise on this expected growth.
The Chinese truck-maker, which established itself in the country in 1994 and has a plant at the Coega Special Economic Zone, also said it would be “strategically positioned” to capitalize on the project market growth of 20,330 vehicles by 2029.
The company said its approach for 2025 emphasised continued innovation in commercial vehicle technology, expanding their dealer network, customer support and aftermarket service, and addressing market challenges through robust and efficient turnkey solutions.
FAW said the South African truck market presents promising opportunities in 2025, with recent projections putting the annual growth rate at 1.77% and projected market volume of 20,330 vehicle units by 2029.
“FAW Trucks Southern Africa is strategically positioned to capitalise on this growth, with our diverse product range and strong regional focus,” the company said.
The truck-maker also said it would launch new “innovative models” in the coming quarter designed to address the evolving needs of the logistics and transportation sector.
FAW said in a statement on Thursday that according to the Coega Development Corporation, a “significant R200 million investment is planned to expand our Coega plant's production capacity from 5,000 to 8,000 units annually”.
Looking ahead, FAW said the South African logistics market is projected to reach USD 137.4 billion by 2030, with a compound annual growth rate of 6.8% from 2025 to 2030.
“Key growth areas include transportation services, warehousing, and distribution services.
“However, challenges such as inefficiencies in rail and port systems remain critical to addressing sustainable growth,” the FAW statement said.
