Business Monitor International


Tanzania Autos Report

Published 06 February 2015

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

We are revising our forecast for 2015 up to 15% after a strong sales performance in 2014. The latest data available for 2014 indicates that sales of brand new light vehicles increased 82.2% in 2014 . BMI attributes this growth to improvements in dealership networks and steady growth in private consumption in the country. We predict steady growth in new light vehicle sales from 2016 to 2019, averaging 7.6%. However, we stress that owing to the markets erratic growth, low numbers of total sales, and limited availability of data these numbers may be subject to revision over 2015. Even with this growth, we believe that only 10,833 new light vehicles will be sold in the country that year.

When compared with a population of some 49.3mn, it is clear that new cars will remain unaffordable to the vast majority of Tanzanians for many years and that used cars will continue to be the more significant market. In light of this, potential gains for investors are weighted towards the commercial vehicles markets, owing to the growth of Tanzania's mining and infrastructure sectors.

Although the outlook for passenger car sales remains downbeat, we believe there is scope for higher growth in commercial vehicle sales over the coming five years. Our Infrastructure team remain bullish on Tanzania's infrastructure industry with growth in the industry likely to increase demand for commercial vehicles used in the industry. The government is investing heavily in improving its road and transport infrastructure, which should boost demand for heavy commercial vehicles (HCVs) in particular. Added investment into the countries natural gas and other hydrocarbon sectors as well as the countries power sector will also increase construction activity in the country. Indeed, our Infrastructure team points out that transport and utilities infrastructure investments make up a significant proportion of the USD22.1bn of planned, financed or under construction projects in BMI's Key Project's database and...

Table of Contents

BMI Industry View
7
SWOT
10
Political
10
Economic
12
Business Environment
14
Industry Forecast
15
Sales
15
Table: Passenger Car Market - Historical Data And Forecasts (Tanzania 2012-2018)
15
Trade
18
Macroeconomic Forecasts
21
Economic Analysis
21
Table: Economic Activity (Tanzania 2009-2018)
24
Industry Risk Reward Ratings
25
Africa Risk/Reward Index
25
Table: Sub-Saharan Africa Autos Risk and Reward Ratings
28
Competitive Landscape
29
Table: National Fleet Size Data - Tanzania 2010-2018
29
Dealerships
30
Motorcycles
33
Company Profile
34
Company Monitor
34
Table: Sub-Saharan Africa Transport Network Risks
36
Regional Overview
38
Industry Trend Analysis
38
Table: Sub-Saharan African Autos Production Investment
38
Global Industry Overview
40
Table: The Internet Of Cars
40
Demographic Forecast
42
Table: Tanzania's Population By Age Group, 1990-2020 ('000)
43
Table: Tanzania's Population By Age Group, 1990-2020 (% of total)
44
Table: Tanzania's Key Population Ratios, 1990-2020
45
Table: Tanzania's Rural And Urban Population, 1990-2020
45
Methodology
46
Industry Forecasts
46
Sector-Specific Methodology
47
Sources
47
Risk/Reward Index Methodology
48
Table: Automotive Risk/Reward Index Indicators And Weighting Of Indicators
49

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

Business Monitor International (BMI)'s Tanzania 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 Tanzania.

Key Benefits

  • Benchmark BMI's independent automotives industry forecasts on Tanzania to test other views - a key input for successful budgetary and planning in the Tanzanian automotives market.
  • Target business opportunities and risks in the Tanzanian automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Tanzania.
  • 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.

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.

Sources

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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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