Business Monitor International


Oman Autos Report

Published 22 May 2014

  • 65 pages
 
$1,295.00
Oman Autos Report

Omani new vehicle sales reached just under 220,000 units in 2013, representing an increase of just over 8%. Looking forward, BMI retains a positive view on the outlook for the sales market, forecasting further growth, of 25.7%, between now and 2018. Moreover, we retain our view that the coming years might see an easing in the growth rate of annual new car sales, after the stellar growth seen earlier in this decade in particular. However, this moderation in growth is a positive sign of maturity within the local market.

On the macroeconomic front, BMI's Country Risk team recently reaffirmed its positive outlook on Oman's economy, with GDP growth of 3.5% forecast for 2014 and 2015. BMI also expects fiscal policy to remain supportive of economic activity over the coming quarters, and projects real growth of 6.0% in government consumption in 2014, from an average of 8.5% in 2009-12. Helping demand for new cars will be the Sultan's November 2013 decision to standardise all civil servants' salaries and grades. Higher wages should also continue to bolster strong levels of private consumption - a key indicator of likely demand for new vehicles. BMI expects private consumption to remain strong throughout the medium term, and forecasts real growth of 5.0% this year, up from an average of 2.8% in 2009-12.

Further support to new car sales could come from the Central Bank of Oman's decision in October 2013 to lower the ceiling on interest rates that commercial banks can charge on new personal loans, from 7% to 6%, a factor that could help those Omanis reliant on financing to purchase a new car. Moreover, the inflationary backdrop remains benign ( BMI projects average inflation of 2.1% in 2014), so there should be no change in interest rates.

Adding further medium-term support to new vehicle sales is the fact that Oman's fixed investment outlook also appears promising. The government has numerous projects in the pipeline, covering transport and utilities, as well as...

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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