Business Monitor International


Oman Autos Report

Published 01 December 2014

  • 65 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Oman Autos Report

BMI retains its view that new vehicle sales will see essentially flat performance over 2014. 8M14 sales figures stood at 145,954 units, according to information on the Best Selling Cars Blog website, down by five units year-on-year (y-o-y). 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 in 2014, with the high prices charged for vehicles and parts by certain local dealerships another contributing factor.

On the macroeconomic front, BMI's Country Risk team is only predicting a slight fall in GDP growth; from 3.9% in 2014 to 3.7% in 2015. Our core view is that Oman's development model of state-led economic diversification will continue driving robust growth throughout 2015, thanks to continued public spending on infrastructure projects and strong domestic demand. Although we anticipate only a small rise in hydrocarbon output over the coming quarters, the prospects for the rest of the economy remain favourable, and we hold a particularly positive outlook on the construction and services sectors. Official data from the national statistics authority (NCFSI) points to nominal annual growth of 4.6% in Q114.

Encouragingly for new car sales, our outlook for private consumption - a key indicator of the potential demand for new cars - remains positive. For 2015, BMI predicts 4.5% growth. Domestic demand will be boosted by strong population growth, rising household incomes, and high consumer confidence. The Q414 report from Cluttons (a property consultancy) notes that retail sector activity continues to intensify, with rapid growth in the 'value brands' and hypermarket sectors. A buoyant tourism sector should also ensure good demand for cars for use in the rental car segment.

Adding further medium-term support to new vehicle sales is the fact that Oman's fixed investment outlook appears promising. The government has numerous projects in the...

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

BMI Industry View

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 Rankings

BMI's proprietary Autos Business Environment Rankings are a unique country-comparative Risk-Reward Rankings 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 rankings methodology makes sophisticated use of over 40 industries, economic and demographic data points.

BMI Industry Forecasts

Historic data series and forecasts to end-2018 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-2018 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.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc