New Study: Qatar Autos Report Q1 2016

Qatari new vehicle sales continue to power ahead, in line with BMI's expectations. Over 5M15 a total of 46,565 private vehicles were registered in Qatar, according to BMI calculations based on figures from Qatar's Monthly Statistics book, prepared by Qatar's Ministry of Development Planning and Statistics.

Breaking down the headline figure, there were 42,652 passenger cars and light commercial vehicles (LCVs) sold over the January-May period, up by 9.09%. However, there was much stronger growth seen from the heavy commercial vehicle (HCV) segment, whose sales increased by 35.63%, to 3,913 units. This outperformance by the HCV segment comes as little surprise to BMI, given the strong demand for HCVs and construction equipment resulting from Qatar's extensive pipeline of new infrastructure projects, including the stadia and transport infrastructure required ahead of the FIFA 2022 World Cup.

In a further indication that vehicle demand remains robust within Qatar at the present time, in June 2015, the Gulf Times reported that there was a 28.4% increase in the value of motor cars and other passenger vehicles imported into the emirate during April, to QAR1.2bn. Motor cars and other passenger vehicles represented the largest single import category for the country during April.

Full Report Details at
- http://www.fastmr.com/prod/1058423_qatar_autos_report_q1_2016.aspx?afid=301

Looking forward, BMI believes that the scene is set for good sales growth across both 2015 and 2016, with domestic demand and construction activity remaining underpinned by the government's heavy public investment programme. Although growth may then slow towards the end of our forecast period in 2019, we are still anticipating a robust 43% growth in auto sales over the 2015-19 period, taking total new vehicle sales to above the 145,000 unit mark.

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

BMI Research's Qatar 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 Qatar.

Key Benefits

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

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