Business Monitor International

Oman Autos Report

Published 01 December 2014

  • 59 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
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
Business Environment
Industry Forecast
Table: Autos Total Market - Historical Data And Forecasts (Oman 2012-2018)
Passenger Vehicles
Table: Passenger Car Market - Historical Data And Forecasts (Oman 2012-2018)
Table: Oman - Top 10 Best-Selling Manufacturers, 2013
Commercial Vehicles
Table: Commercial Vehicle Market - Historical Data And Forecasts (Oman 2012-2018)
Macroeconomic Forecasts
Economic Outlook
Industry Risk Reward Ratings
Table: BMI Industry Risk/Reward Ratings- Middle East And North Africa Autos
Company Profile
Saud Bahwan Group
Suhail Bahwan Automobiles
Regional Overview
Industry Trend Analysis
Global Industry Overview
Table: Passenger Car Sales March 2014
European Growth Gathers Momentum
Japan Prepares For Tax Fallout
China Wobble Adds To BRIC Weakness
Demographic Forecast
Table: Oman's Population By Age Group, 1990-2020 ('000)
Table: Oman's Population By Age Group, 1990-2020 (% of total)
Table: Oman's Key Population Ratios, 1990-2020
Table: Oman's Rural And Urban Population, 1990-2020
Industry Forecasts
Sector-Specific Methodology
Risk/Reward Ratings Methodology
Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators

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.


BMI Industry View

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

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the autos sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series and forecasts to end- 2019 for all key industry indicators (see list below), supported by explicit assumptions plus analysis of key downside risks to the main forecast, including:

Sales and production of motorcycles in units; total production of units; production by vehicle type (including cars, commercial vehicles, trucks and buses); total vehicle fleet size in units; sales by vehicle type, including passenger cars and commercial vehicles; fleet size by vehicle type, including passenger car, commercial vehicles and motorcycles; total vehicle trade balance in units; vehicle trade balance by vehicle type, including passenger car, commercial vehicle and motorcycle; car ownership measured as car density per 1,000 people.

BMI’s Autos Risk Reward Index

BMI’s Risk Reward Index provides investors (manufacturers, suppliers and dealers) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points. These provide indices of highest to lowest appeal to investors, with each indices explained.

BMI Economic Forecasts

BMI forecasts to end-2019 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.

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.


The Autos reports draw on an extensive network of primary sources, such as manufacturing associations, statistical bureaus, government transport ministries, national chambers of commerce and industry, national statistical offices, government ministries and central banks and multinational companies.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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'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