Business Monitor International


Tanzania Autos Report

Published 15 May 2014

  • 53 pages
 
$1,295.00
Tanzania Autos Report

BMI continues to predict steady growth (in the order of 3% per annum) in new vehicle sales in Tanzania over the forecast period to 2018. However, even with this growth, BMI's forecasts are only calling for 4,479 new vehicles to be sold in country by this date. When compared to a population of some 49.3mn, it is clear that new cars will remain unaffordable to the vast majority of Tanzanians for many years to come and that used cars will continue to represent the larger market within the African nation.

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. First, the government is investing heavily in improving its road infrastructure, which should boost demand for heavy commercial vehicles (HCVs) in particular. For 2013/14, the Tanzanian government is looking to spend some TZS2.16trn on infrastructure, with much of this spending to be focused on transport and utilities. In addition to domestic spending, Tanzania continues to attract international investment, with the country having recently signed a USD1.7bn financing package for power and residential projects with China - two areas the country needs to invest in heavily. Moreover, Tanzania has secured USD100mn in financial assistance from the World Bank to develop a new bus transit system in the capital Dar es Salaam. This will likely see the government looking to purchase a significant number of new buses to operate these routes.

Beyond this, there are some reasons for long-term optimism on the outlook for new car sales as well. The most recent data showed that the Tanzanian economy expanded by 6.5% in Q313 and, although this marked a slowdown from the 7.5% real GDP expansion secured in the first quarter, we are nevertheless bullish with regards to Tanzanian growth, as investment flows into the country's nascent offshore oil and gas sector. This will be supported by growing levels of private consumption....

Table of Contents

BMI Industry View
7
SWOT
10
Political
10
Economic
11
Business Environment
13
Industry Forecast
14
Sales
14
Table: Autos Total Market - Historical Data And Forecasts (Tanzania 2012-2018)
14
Trade
17
Macroeconomic Forecasts
19
Economic Analysis
19
Table: TANZANIA - ECONOMIC ACTIVITY
23
Industry Risk Reward Ratings
24
Table: Autos Risk/Reward Ratings - Sub-Saharan Africa
27
Competitive Landscape
28
Table: Tanzania - National Fleet Data
28
Dealerships
29
Motorcycles
31
Company Profile
33
Company Monitor
33
Regional Overview
36
Global Industry Overview
44
Table: Passenger Car Sales March 2014
44
European Growth Gathers Momentum
44
Japan Prepares For Tax Fallout
46
China Wobble Adds To BRIC Weakness
47
Demographic Forecast
50
Table: Tanzania's Population By Age Group, 1990-2020 ('000)
51
Table: Tanzania's Population By Age Group, 1990-2020 (% of total)
52
Table: Tanzania's Key Population Ratios, 1990-2020
53
Table: Tanzania's Rural And Urban Population, 1990-2020
53
Methodology
54
Industry Forecasts
54
Sector-Specific Methodology
55
Sources
55
Risk/Reward Ratings Methodology
56
Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators
57

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

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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