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Commercial Vehicle Market in the Gulf Cooperation Council, 2018
Commercial Vehicle Market in the Gulf Cooperation Council, 2018
Economic Recovery and Investment in Infrastructure will Drive Market Growth
14-Mar-2019
South Asia, Middle East & North Africa
Description
The GCC automotive market was severely affected by the economic downturn arising from decline in oil prices. The region is however aiming to diversify its economy to decrease its reliance on the oil sector. This will prevent the oil price from having such a significant impact on its economy.
Commercial vehicle (CV) sales have dropped year after year, but are expected to recover as the oil price strengthens and the region invests in infrastructure development. Mega projects, which include World Expo 2020 and the FIFA World Cup, will create demand for CVs as well as boost tourism across the region. Public transport systems in the GCC are largely underdeveloped. The low demand for public transport stems partly from low-cost petrol prices. Regulatory changes, such as the implementation of value-added tax (VAT) across the region, and more stringent emission standards are also set to affect vehicle sales and imports of vehicles.
CV demand is largely met through imports, and supplemented through local assembly and manufacturing. Locally manufactured vehicles are exported to the greater Middle East region and to countries in Africa. Imported vehicles are also re-exported. GCC’s geographic location provides a strategic advantage to facilitate exports. Japanese and European brands dominate the market across vehicle segments. This study will cover the light, medium and heavy commercial vehicle market in select GCC countries. The base year of this study is 2018 and the forecast period is until 2022. The geographic scope of this study will cover Saudi Arabia, Oman, United Arab Emirates, and Kuwait only.
Key Features
The core objectives of this study are the following:
- Provide a strategic overview of the GCC Commercial Vehicle Market, including key trends and opportunities.
- Present market size and forecasts of the commercial vehicle market, details of the existing scenario for the industry, and a plan of action.
- Make detailed analysis of the competitive factors and list the market shares of key manufacturers.
Key Issues Addressed
- What is the current CV market in select GCC countries?
- What will be the size of the CV market in select GCC countries in 2022?
- Who are the major market participants and what is their market share?
- What is driving the CV market across GCC?
- What is the impact of regulatory and macro-economic trends on market growth?
Table of Contents
Key Findings
Current Status and Future Outlook
Summary—Kingdom of Saudi Arabia
Summary—United Arab Emirates
Summary—Kuwait
Summary—Oman
Research Scope
Aim and Objectives
Research Methodology
Vehicle Segmentation
Key Questions this Study will Answer
Market Drivers
Market Drivers Explained
Market Restraints
Market Restraints Explained
Sales Forecast by Region
Sales Forecast by CV Type and Region
Vehicle in Operation (VIO) Forecast by Region
Percent VIO Forecast by CV Type and Region
GCC—Economic Overview
GCC—Economic Overview (continued)
GCC—Overview of Key Macroeconomic Factors, 2018
GCC—Economic Outlook Assumptions
GCC—Automotive Sector Overview
GCC—Trends Affecting Automotive Sector
GCC—Trends Affecting Automotive Sector (continued)
GCC—Trends Affecting Automotive Sector (continued)
GCC—Trends Affecting Automotive Sector (continued)
GCC—Vehicle Manufacturing Overview
GCC—Vehicle Manufacturing Overview (continued)
GCC—Vehicle Manufacturing Overview (continued)
KSA—Economic Overview
KSA—Economic Overview (continued)
KSA—Automotive Sector
KSA—Fuel and Vehicle Regulations
KSA—OEM Developments
KSA—CV Sales Forecast
KSA—Sales Forecast by CV Type
KSA—Market Share of New Vehicle Sales by OEM
KSA—Market Share by Country of Origin: New Vehicle Sales
KSA—VIO Forecast
UAE—Overview
UAE—Overview (continued)
UAE—Automotive Sector
UAE—Automotive Sector (continued)
UAE—Automotive Sector (continued)
UAE—Fuel and Vehicle Regulations
UAE—OEM Developments
UAE—CV Sales Forecast
UAE—Sales Forecast by CV Type
UAE—Market Share of New Vehicle Sales by OEM
UAE—Market Share by Country of Origin: New Vehicle Sales
UAE—VIO Forecast
Kuwait—Overview
Kuwait—Overview (continued)
Kuwait—Automotive Sector
Kuwait—Fuel and Vehicle Regulations
Kuwait—OEM Developments
Kuwait—New Vehicle Sales Forecast
Kuwait—Sales Forecast by CV Type
Kuwait—Market Share of New Vehicle Sales by OEM
Kuwait—Market Share by Country of Origin: New Vehicle Sales
Kuwait—VIO Forecast
Oman—Overview
Oman—Overview (continued)
Oman—Automotive Sector
Oman—OEM Developments
Oman—Sales Forecast
Oman—Sales Forecast by CV Type
Oman—Market Share of New Vehicle Sales by OEM
Oman—Market Share by Country of Origin: New Vehicle Sales
Oman—VIO Forecast
Growth Opportunity 1—Local Vehicle Manufacturing
Strategic Imperatives
The Last Word—3 Big Predictions
Legal Disclaimer
Abbreviations and Acronyms Used
Market Engineering Methodology
Company Profiles—Saudi Arabia
Company Profiles—United Arab Emirates
Company Profiles—United Arab Emirates (continued)
Company Profiles—United Arab Emirates (continued)
Company Profiles—Kuwait
Company Profiles—Oman
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Related Research
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Popular Topics
Key Features
The core objectives of this study are the following:
- Provide a strategic overview of the GCC Commercial Vehicle Market, including key trends and opportunities.
- Present market size and forecasts of the commercial vehicle market, details of the existing scenario for the industry, and a plan of action.
| No Index | No |
|---|---|
| Podcast | No |
| Author | Zaheera Ahmed |
| Industries | Automotive |
| WIP Number | PA49-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9800-A6,9B01-A6,9963-A6,9AF6-A6 |