Business Monitor International


Oman Autos Report

Published 22 May 2014

  • 65 pages
 
$1,295.00
Oman Autos Report

This quarter, BMI has revised down its 2014 new vehicle sales forecasts for Oman, following a first half of 2014 when new vehicle sales only increased slightly, by 1.5% year-on-year (y-o-y) to 107,218 units. This slightly flat performance follows slightly more upbeat data released earlier in the year by the National Centre for Statistics and Information (NCSI). This showed that vehicle registrations, including new cars, cars with plate numbers changed and exported cars, had increased 5.7% year-on-year over the January-April 2014 period.

Market consolidation, following stellar growth across 2012 and 2013, appears to be the most likely explanation for the slightly underwhelming performance of Omani new vehicle sales year-to-date, with the high prices charged for vehicles and parts by certain local dealerships another contributing factor. In this context, the second half of 2014 should see slightly stronger performance, with Ramadan sales promotions identified by The Times of Oman as one potential area of support. Historically, the Ramadan period has been a strong one for Omani new vehicle sales, not just because of sales promotions, but also as it is considered a good omen to buy a car before Eid, according to The Times of Oman.

Certainly, there is little bad news on the macroeconomic front. Indeed, BMI's Country Risk team recently increased its 2014 GDP growth forecast to 3.9%, from 3.5% previously. Our core view remains that the economy is set to experience robust growth heading into 2015, as non-hydrocarbon economic activity remains fuelled by elevated domestic demand and expansionary fiscal policies. Encouragingly for new car sales, our outlook for private consumption - a key indicator of the potential demand for new cars - remains positive. In fact, BMI has revised up its private consumption forecasts slightly and now projects real growth of 6.0% in 2014 and 4.5% in 2015, compared to an average of 2.8% in 2009-12. Domestic demand will be boosted by strong...

Table of Contents

BMI Industry View
7
SWOT
9
Political
10
Economic
11
Business Environment
12
Industry Forecast
13
Table: Autos Total Market - Historical Data And Forecasts (Oman 2012-2018)
13
Sales
13
Trade
14
Passenger Vehicles
16
Table: Passenger Car Market - Historical Data And Forecasts (Oman 2012-2018)
16
Table: Oman - Top 10 Best-Selling Manufacturers, 2013
16
Commercial Vehicles
20
Table: Commercial Vehicle Market - Historical Data And Forecasts (Oman 2012-2018)
20
Suppliers
21
Macroeconomic Forecasts
24
Economic Outlook
24
Industry Risk Reward Ratings
32
Table: BMI Industry Risk/Reward Ratings- Middle East And North Africa Autos
35
Company Profile
36
Saud Bahwan Group
36
Suhail Bahwan Automobiles
40
Regional Overview
43
Industry Trend Analysis
43
Global Industry Overview
46
Table: Passenger Car Sales March 2014
46
European Growth Gathers Momentum
46
Japan Prepares For Tax Fallout
48
China Wobble Adds To BRIC Weakness
49
Demographic Forecast
52
Table: Oman's Population By Age Group, 1990-2020 ('000)
53
Table: Oman's Population By Age Group, 1990-2020 (% of total)
54
Table: Oman's Key Population Ratios, 1990-2020
55
Table: Oman's Rural And Urban Population, 1990-2020
55
Methodology
56
Industry Forecasts
56
Sector-Specific Methodology
57
Sources
57
Risk/Reward Ratings Methodology
58
Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators
59

The Oman Autos Report features the latest data and forecasts covering production, sales, imports and exports.

Business Monitor International (BMI)'s Oman Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Oman.

Key Benefits

  • Benchmark BMI's independent automotives industry forecasts on Oman to test other views - a key input for successful budgetary and planning in the Omani automotives market.
  • Target business opportunities and risks in the Omani automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Oman.
  • Assess the activities and market position of your competitors, partners and clients via our Competitive Landscape Analysis.

Coverage

Executive Summary

Summary of BMI's key industry forecasts and views, covering production, sales and the introduction of new technology or products.

Global, Regional and Country Industry Overviews

In-depth analysis of the major global and regional developments in the market, which can be linked with the country industry overview, providing cross-country investment, product and financing trends that will affect each market, supported by BMI’s global and regional industry forecasts.

Business Environment Ratings

BMI's proprietary Autos Business Environment Ratings are a unique country-comparative Risk-Reward Ratings index that separately analyses the risks and rewards of operating in each market. It is aimed at investors (including manufacturers, suppliers and dealers) who seek to either identify and compare market opportunities, or evaluate country-specific operational challenges.

The ratings methodology makes sophisticated use of over 40 industries, economic and demographic data points.

BMI Industry Forecasts

Historic data series and forecasts to end-2017 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Total production value (US$bn); total production of units; production by vehicle-type (including cars, commercial vehicles, trucks and buses); total sales value (US$bn); sales by vehicle-type, including passenger cars and commercial vehicles (vans and microbuses, pickups, trucks and buses, 4 wheel drive); total exports by value (US$bn) and by units; total imports by value (US$bn) and by units; contribution to GDP; employment in industry.

BMI Economic Forecasts

BMI forecasts to end-2017 for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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