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Iranian Automotive Market, Forecast to 2022
Iranian Automotive Market, Forecast to 2022
Sales Volume of Passenger Vehicles, Commercial Vehicles, and Buses and Minibuses to Reach 2.61 Million Units by 2022
19-Feb-2018
South Asia, Middle East & North Africa
$4,950.00
Special Price $3,712.50 save 25 %
Description
The Iranian passenger vehicles (PV) market is projected to grow, recording a compound annual growth rate (CAGR) of 13.6% during 2016–2022 with the potential lifting of sanctions and the entry of foreign original equipment manufacturers (OEMs) and suppliers. By 2022, the B segment, with a 46% market share, will be most preferred segment cannibalising on the D segment for its value-added features. The B and D segments are dominated predominantly by Iranian OEMs and locally built cars, whilst the premium segments include foreign participants.
The Iranian government has introduced strong initiatives to cut emissions and modernise the car parc, which provides strong opportunities for local production. Iran disposed of about 320,000 ‘end of life’ PVs as part of its scrappage programme in 2015 to reduce pollution and fuel consumption. The country plans to decrease the average passenger parc age to 20 years by the end of 2020 and to 15 years by the end of 2025.
IKCO and SAIPA have a dominant position in the PV parc. The Light Duty Truck (LDT) market is fragmented amongst three state-controlled OEMs that operate across all segments. IKCO and SAIPA have more than 90% market share in the LDT segment. The domination of pickups and vans in the LDT segment will be challenged with the increasing penetration of COE trucks from Japanese brands. In the Medium and Heavy Duty Truck (M&HDT) segment, Bahman and SAIPA have a share of more than 70%. Iranian government initiatives towards the opening up of the mining sector for foreign investors will drive the demand for commercial vehicles in the mining and construction segment. Foreign brands such as Dongfeng, IVECO, and Volvo dominate the HDT segment due to the higher tonnage and power requirements. Local brands are preferred for distributing lighter materials.
Due to its strategic location, Iran has the potential for accounting for a substantial share of international transit trade with the development of proper infrastructure. According to the 6th Development Plan, the country aims to construct over 1,500 km of free highways. At present, Iran has over 2,400 km of freeways, which are expected to increase to over 4,000 km by the end of 2020. Additionally, the country seeks to support knowledge-oriented enterprises for new and advanced technology development. The aim is to achieve a 4% research and development (R&D) contribution to the country’s gross domestic product (GDP).
The government plans to encourage producers to allocate 25% of their revenues to R&D activities in future. Foreigners will receive extra tax exemption if they can export 30–40% of their products out of Iran. Iran’s seven free trade zones (FTZs) are placed at strategic geographical locations to act as hubs for imports and exports. Special bylaws regulate import, export, investment, banking, and labour laws.
Research Scope
This research report includes following segments:
- Passenger Cars
- Light duty truck (LDT)
- Medium duty truck (MDT)
- Heavy duty truck (HDT)
- Bus
Research Benefits
What makes our reports unique?
- We provide the longest market segmentation chain in this industry.
- We provide 10% customization. Our customization will ensure that you necessarily get the market intelligence you are looking for and we get a loyal customer.
- We conduct detailed market positioning, product positioning, and competitive positioning. Entry strategies, gaps and opportunities are identified for all stakeholders.
Key Issues Addressed
- What is the condition of the domestic automotive market in Iran? How automotive market is expected to evolve over time?
- What is the economic and political situation in Iran and what are the social and technology trends affecting the country and the automotive industry?
- What is the business environment and what kind of investment opportunities does the country have to offer to a potential investor?
- What is the condition of the road and fuel infrastructure network in Iran?
- What are the key policies, taxation regulations and economic incentives in the automotive industry?
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Executive Summary—Key Takeaways
Executive Summary—Automotive Sector in Iran: A Snapshot
Executive Summary—Passenger Vehicles Market Breakdown by OEMs
Executive Summary—Automobile Market: Areas of Growth
Executive Summary—Findings and Future Outlook
Research Scope
Research Aims and Objectives
Vehicle Scope and Definitions in Iran
Key Questions this Study will Answer
Research Background
Research Methodology
Iran—Mega Trends
Iran—Key Macroeconomic Figures
Iran—Demographic Trends
Iran—Political and Historical Background
Iran—Geographical View
Iran—Road Network
Iran—Fuel Infrastructure
Investment Climate—R&D Incentives
Investment Climate—Cost of Doing Business
Free Trade Zones
Investment Climate—Trade Policies
Technology Agreements
Automotive Market—Policies in the Country
Automotive Market—Policies in the Country (continued)
Automotive Industry Hourly Wages
Passenger Vehicles—Taxation Structure
Used Vehicle—Trade Regulations
Passenger Vehicles—Market Special Conditions
Passenger Vehicles (PV)—Parc
Passenger Vehicles—Market Trends
Commercial Vehicles (CV)—Parc
Commercial Vehicles + Buses and Minibuses—Market Trends
Passenger Vehicles—Segmentation
Passenger Vehicles—Key Models
Passenger Vehicles—Customer Needs
Commercial Vehicles + Buses and Minibuses—Key Models
Commercial Vehicles + Buses and Minibuses—Customer Needs
Iran Auto Components Production Map
Passenger Vehicles—Unit Shipment Forecast
Passenger Vehicles—Unit Shipment Breakdown by OEMs
Passenger Vehicles—Unit Shipment Forecast by Vehicle Segment
Passenger Vehicles—Percent Unit Shipment Forecast by Powertrain
Passenger Vehicles—Percent Unit Shipment Forecast Transmission
Passenger Vehicles—Percent Unit Shipment Forecast Fleet Ownership Structure
Commercial Vehicles—Unit Shipment Forecast
Commercial Vehicles—Unit Shipment Forecast by Vehicle Segment
Commercial Vehicles—Percent Unit Shipment Breakdown by Vehicle Segment and Powertrain
Commercial Vehicles—Percent Unit Shipment Forecast by Wheelbase
Commercial Vehicles—Percent Unit Shipment Forecast by Intended Use
Buses and Minibuses—Unit Shipment Forecast
Buses and Minibuses—Percent Unit Shipment Forecast by Vehicle Segment
Buses and Minibuses—Percent Unit Shipment by Powertrain
Buses and Minibuses—Percent Unit Shipment Forecast by Tonnage
Buses and Minibuses—Percent Unit Shipment Forecast by Wheelbase
Buses and Minibuses—Percent Unit Shipment Forecast by Intended Use
CV + Buses and Minibuses—Sales Channels
Commercial Vehicles + Buses and Minibuses—Fleet Sales Analysis
Commercial Vehicles + Buses and Minibuses—Sales Network
Commercial Vehicles + Buses and Minibuses—Vehicle Body Producers
Passenger Vehicles—Top-selling Models
Passenger Vehicles—Financial Solutions
Average Prices—Commercial Vehicles + Bus + Minibus
Commercial Vehicles + Buses and Minibuses—Financial Solutions
Passenger Vehicles—SAIPA: Business Model
Passenger Vehicles—Distribution Channel Structure
Passenger Vehicles—OEM and Aftermarket Distribution Network
Aftermarket Distribution Structure
OEM Competitive Analysis
IKCO-Diesel
SAIPA Diesel
Growth Opportunity—Growing Segment and Alternative Technology
Strategic Imperatives for Success and Growth
Key Conclusions
The Last Word—3 Big Predictions
Legal Disclaimer
Abbreviations and Acronyms Used
Market Engineering Methodology
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Popular Topics
Research Scope
This research report includes following segments:
- Passenger Cars
- Light duty truck (LDT)
- Medium duty truck (MDT)
- Heavy duty truck (HDT)
- Bus
Research Benefits
What makes our reports unique?
- We provide the longest market segmentation chain in this industry.
- We provide 10% customization. Our customization will ensure that you necessarily get the market intelligence you are looking for and we get a loyal customer.
- We conduct detailed market positioning, product positioning, and competitive positioning. Entry strategies, gaps and opportunities are identified for all stakeholders.
Key Issues Addressed
- What is the condition of the domestic automotive market in Iran? How automotive market is expected to evolve over time?
- What is the economic and political situation in Iran and what are the social and technology trends affecting the country and the automotive industry?
- What is the business environment and what kind of investment opportunities does the country have to offer to a potential investor?
- What is the condition of the road and fuel infrastructure network in Iran?
- What are the key policies, taxation regulations and economic incentives in the automotive industry?
| No Index | No |
|---|---|
| Podcast | No |
| Author | Saideep Sudhakar |
| Industries | Automotive |
| WIP Number | MCBF-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9800-A6,9B01-A6,9963-A6,9883-A6,9889-A6,9AF6-A6 |