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Kuwait Autos Report Q2 2016

  • March 2016
  • -
  • Business Monitor International
  • -
  • 37 pages

Includes 3 FREE quarterly updates

BMI View: A combination of a slowing economy, low oil prices and higher local interest rates continues tounderpin BMI's cautious stance towards the Kuwaiti new vehicle sales market in 2016. We are targetingjust 0.5% sales growth for the sector.

Key Views

- This quarter, BMI has extended its forecast period to 2020.

- Over this period, we expect new vehicle sales to show growth of 17%, a somewhat lower rate of growththan its GCC peers that reflects its less impressive economic growth fundamentals on a regional basis

- A prolonged period of low global oil prices continues to pose a downside risk to our forecasts to 2020.

- In 2015, Japanese carmaker Toyota retained its long-held local market leadership, accounting for over athird of the total market in Kuwait. In 2015, the Japanese carmaker sold 55,802 units in country, for amarket share of 37%, over three times its nearest rival Nissan.

- Toyota made the five most popular models sold in the country over Q115, with its Prado, Hilux, Camry,Corolla and Land Cruiser models.

Table Of Contents

Kuwait Autos Report Q2 2016
BMI Industry View 7
Key Views 7
SWOT 9
Industry Forecast 10
Table: Autos Total Market - Historical Data And Forecasts (Kuwait 2014-2020) 10
Sales 10
Auto Parts Remain A Growth Area 12
Passenger Vehicles 14
Table: Kuwait - Top 10 Manufacturers By Sales, 2015 15
Luxury Cars 15
Commercial Vehicles 16
Industry Risk Reward Ratings 17
Industry Risk/Reward Index 17
GCC Stability Offsets Sales Downgrades 17
Long-Term Potential Comes With Risk 18
Iran The Most Attractive Outlier 18
Company Profile 20
Al-Sayer (Toyota) 20
Al Mullah 22
Kuwait Automotive Imports (KAICO) 24
Regional Overview 26
Table: Middle East And North African Autos Production Investments 26
Iran Already Drawing A Crowd 27
But Iranian Brands Look Elsewhere 27
North African Hub Expanding 28
Demographic Forecast 29
Table: Population Headline Indicators (Kuwait 1990-2025) 30
Table: Key Population Ratios (Kuwait 1990-2025) 30
Table: Urban/Rural Population and Life Expectancy (Kuwait 1990-2025) 31
Table: Population By Age Group (Kuwait 1990-2025) 31
Table: Population By Age Group % (Kuwait 1990-2025) 32
Methodology 34
Industry Forecasts 34
Sector-Specific Methodology 35
Sources 35
Risk/Reward Index Methodology 36
Table: Automotive Risk/Reward Index Indicators And Weighting Of Indicators 37

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