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13 Jul 2021  |  South Asia, Middle East & North Africa  |  Market Research
GCC Light Vehicle Aftermarket Outlook, 2021
Innovative Business Models Propels Future Growth Potential
In 2020, the Gulf Cooperation Council (GCC) region faced significant challenges due to the COVID-19 pandemic and oil price crash. Gross domestic product (GDP) in GCC nations contracted by 5%–10% in 2020. The GCC population dropped by 3%–5% due to expatriate exodus. Every industry and sector faced multiple disruptions. The GCC light vehicle aftermar...
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25 Mar 2020  |  South Asia, Middle East & North Africa  |  Market Outlook
Indian Passenger Vehicle Market Outlook, 2020
Sales Decline by 9.1% and Reach 3.0 Million Units in FY 2020, Owing to BS-VI Implementation and Weak Buying Sentiments
Domestic sales in the Indian Passenger Vehicle (PV) market declined by 9.1% to reach 3 million units in FY 2020. The study estimates the market size of the Indian PV market, as well as segment forecasts up to 2024, with due consideration for the various factors driving and restraining its growth. The segmental shifts in the PV market in India are e...
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15 Nov 2019  |  South Asia, Middle East & North Africa  |  Market Research
Indian Passenger Vehicles Market, Forecast to FY2024
Driven by Growing Domestic Consumption and Supported by Favorable Government Policies, the Market is Expected to Cross 4.7 Million Units in FY2024
Domestic sales in the Indian passenger vehicles (PV) market grew from 3.2 million units in FY2018 to 3.3 million units in FY2019. The study estimates the market size of the Indian PV market, as well as segment forecasts up to FY2024, with due consideration for the various factors driving and restraining its growth. The segmental shifts in the PV ma...
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01 Mar 2022  |  South Asia, Middle East & North Africa  |  Market Research
Saudi Arabia Light Vehicle Leasing Growth Opportunities
Disruptive Technologies and a Boost in Tourism and Business Activities will Drive the Growth of the Light Vehicle Leasing Market
Vehicle leasing presents a solution for a growing number of challenges associated with an organization's mobility needs, such as vehicle funding, fleet maintenance, and residual risk. Businesses need to focus on their core products and services and, therefore, outsource support activities related to mobility, ranging from fleet purchasing to remark...
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31 Dec 2018  |  South Asia, Middle East & North Africa  |  Market Research
Strategic Analysis of the Pakistan Automotive Market, Forecast to 2025
With An Expected Growth Rate of 7.2%, The Industry is Ripe for New Opportunities, Backed by a New Automotive Policy and Political Stability
The economies in developed countries have either stabilized or declined over the past few years. As a result, automotive companies are struggling to grow their sales in these markets. End-customers are either continuing to use their existing vehicles or are looking at alternative modes of transport. To sustain growth, automotive OEMs are continuous...
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19 Feb 2018  |  South Asia, Middle East & North Africa  |  Market Research
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
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 cannibalisin...
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28 Sep 2017  |  South Asia, Middle East & North Africa  |  Market Research
Indian Auto Component Aftermarket Outlook, 2017
Increasing Competition, Growth in Emerging Markets and Technological Necessities to drive Global Automotive Aftermarket
The study provides estimates of the Indian automotive aftermarket potential in 2016-17 generated by a total vehicle population of 228.7 million vehicles, which include, 2 and 3 wheelers, passenger cars, commercial vehicles and farm tractors. The estimated aftermarket potential comprises that of engine components, suspension and braking components, ...
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23 Jan 2018  |  South Asia, Middle East & North Africa  |  Market Research
Indian Passenger Vehicles Market, Forecast to 2020
New Models Launched in the Super-compact, Mid-size, and Compact Sports Utility Vehicle Segment at Aggressive Pricings are Responsible for Driving the Indian Passenger Vehicle Market
Driven by aggressive pricing and an increasing number of exports, passenger vehicle (PV) production in India is expected to grow at a CAGR of 9.0% from FY2015 to FY2020. New models—like Hyundai Xcent, Hyundai Creta, and Maruti Baleno—launched at aggressive pricing in different segments are responsible for driving the Indian PV market. Also, the lau...
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18 Feb 2016  |  South Asia, Middle East & North Africa  |  Market Research
Commercial Vehicle Market in Iran, Forecast to 2022
Chinese, Russians, and Japanese OEMs in Fray as Demand Projected to Exceed 300,000 Units by 2022
Research Overview This Frost & Sullivan research provides a strategic overview of the commercial vehicle market in Iran. It studies the profiles of original equipment manufacturers (OEM) and analyzes the regulations, trade and infrastructure developments that will influence the commercial vehicles market in Iran. In this research, Frost & Sullivan...
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07 Dec 2020  |  South Asia, Middle East & North Africa  |  Market Research
Safety Mandates Transforming Indian Automotive, 2020
India Follows Global Safety Systems With the Introduction of New Active and Passive Safety Mandates through Bharat New Vehicle Safety Assessment Program (BNVSAP)
The automotive industry is at a tipping point, with factors such as increasing urbanization and congestion, shifting consumer behavior toward connectivity, transition toward electric vehicles, and many more disrupting the changing dynamics of the market. One such factor that has garnered attention across the globe is the rising focus on reducing ro...
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