Oman Autos Report

Published 19 February 2015

  • 65 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Oman Autos Report

Over the first 10 months of 2014, a total of 99,391 passenger cars (PCs) were registered in Oman, according to BMI calculations based on figures from Oman's National Centre for Statistics and Information. August (14,576) and September (14,691) were particularly strong months for new registrations (all segments).

On current sales trends, this would imply PC sales of around 119,000 units for the full year. When added to our estimate of 111,000 commercial vehicle (CV) sales for 2014 (based on BMI calculations derived from OICA sales data), this would suggest total vehicle sales of around 230,000 units for the full year. This would represent year-on-year sales growth of around 5%.

Looking forward, as with other oil-producing nations in the Gulf, BMI has become more cautious on the outlook for Oman's economy, and by extension its auto sales, in 2015 following the recent sharp falls in the global oil price. Indeed, as one of the GCC economies most exposed to lower oil prices, we believe that both business and consumer confidence will be adversely impacted, weighing down on private consumption growth; a key indicator of the potential demand for new vehicles.

One further risk to Oman's economy is posed by uncertainty over the health of Sultan Qaboos bin Said al-Said, who has governed Oman since 1970. Qaboos has no children or siblings, is divorced, and has never publicly nominated an heir. BMI 's Country Risk team therefore sees major risks in the succession process, with governance of the country set to become more unpredictable in the future. Younger Omanis would seem likely to demand greater political representation and accountability after Qaboos' passing. Since the onset of the Arab Spring, small-scale anti-government demonstrations have broken out, and the country has seen recurrent strike action in a number of sectors, including petrochemicals and public education. Although the majority of these grievances appear directed towards achieving economic,...

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.

BMI Research'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.

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