Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
With An Expected Growth Rate of 7.2%, The Industry is Ripe for New Opportunities, Backed by a New Automotive Policy and Political Stability
* Required Fields
Pay by invoice
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 continuously looking at new markets for expansion. Pakistan is one such market which holds significant growth potential.With an extremely low penetration rate of approximately 13 cars per 1000 inhabitants and a rapidly growing urbanization rate of 40.5%, Pakistan has huge potential to grow its automotive market. So far, only three manufacturers— Suzuki, Honda and Toyota—assemble vehicles in the country, and these Japanese OEMs obviously dominate the domestic automotive market. The Pakistan government is keen to incentivize new and existing OEMs to introduce new models to enable end-customers to expand their choices. The presence of only three OEMs gives an opportunity for new OEMs to enter the market and satisfy the unmet need for end-customers.A change in the government’s automotive policy is expected to spur local OEM investment in the country in terms of assemblers and thereby contribute to an increase in sales. This is expected to further propel growth in downstream industry activities, especially automotive servicing and parts.End-customers struggle with poor vehicle quality, inferior technology, and outdated model designs offered by the three existing manufacturers. Further, the high cost of financing is detrimental to the purchase of new vehicles as end-customers are hindered from buying new cars, which forces OEMs to continue producing old models because of lack of growth.The aim of this study is to provide an overall perspective on the passenger vehicle market in Pakistan. It discusses the capabilities of vehicle manufacturers, how the market is currently positioned in terms of vehicles sales, who are the leading OEMs and, most importantly, how is the market expected to change in the future.
Global Vehicle OEMs’ New Online Retail Strategies, Forecast to 2025
Digital KPIs Transforming the Automotive Industry
Assessment of Automotive Retailing in China, 2018
Customer-centric Automotive Retail Strategies and Innovations Along the Customer Journey in Brazil, 2018–2023
ASEAN Automotive Outlook, 2019
Global Automotive Industry Outlook, 2019
United States Urban Public Transport Vehicles Market and Dealership Analysis, Forecast to 2022
Future of Sedans in North America, 2018
Future of Global Shared Driverless Shuttle Bus Market, Forecast to 2031
Passenger Vehicle Growth Perspectives in Latin America, Forecast to 2023
natural gas market
residential energy storage market
diet food market
wound care market
wearable technology market
diabetes care devices market
functional beverage market
smart meter market
commercial uav market
Fill in the fields below to receive a sample report
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.