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Oman Automotive Market 2023 | Brochure | TechSci Research

Growing Government Focus on Stabilizing Economy to Aid Oman Automotive Market until 2023. http://bit.ly/2NGC6vx

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Oman Automotive Market 2023 | Brochure | TechSci Research

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  1. 2013 – 2023 Oman Automotive Market By Vehicle Type (Passenger Car and Commercial Vehicle, Competition, Forecast & Opportunities) Published: January 2019 Market Intelligence . Consulting

  2. Ta b l e o f C o n te n t s S. No. Contents 1. Product Overview 2. Research Methodology 3. Analyst View 4. Oman Passenger Car Market Outlook 4.1. Market Size & Forecast 4.1.1. By Value & Volume 4.2. Market Share & Forecast 4.2.1. By Vehicle Type (Hatchback, Sedan, SUV/Pickup and MUV) 4.2.2. By Fuel Type (Gasoline and Diesel) 4.2.3. By Region 4.2.4. By Company 4.3. Market Attractiveness Index – By Vehicle Type 5. Oman Commercial Vehicle Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value & Volume 5.2. Market Share & Forecast By Type (Light Commercial Vehicle, Medium Commercial Vehicle, Heavy Commercial Vehicle & Bus) 5.2.1. 5.2.2. By Fuel Type (Gasoline and Diesel) 2 © TechSci Research

  3. Ta b l e o f C o n te n t s S. No. Contents 5.2.3. By Region 5.3. Market Attractiveness Index – By Vehicle Type 6. Oman Light Commercial Vehicle Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Vehicle Type (Van & Light Duty Truck) 6.2.2. By Application (MSMEs, Logistics, Construction and Others) 6.2.3 By Fuel Type 6.2.4. By Company 6.2.5. By Region 6.3. Market Attractiveness Index – By Vehicle Type 7. Oman Heavy Commercial Vehicle Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value & Volume 7.2. Market Share & Forecast 7.2.1. By Tonnage (20-30 Ton, 30-40 Ton and > 40 Ton) 7.2.2. By Application (Construction, Logistics, Refrigerated and Others) 3 © TechSci Research

  4. Ta b l e o f C o n te n t s S. No. Contents 7.2.3. By Fuel Type 7.2.4. By Company 7.2.5. By Region 7.3. Market Attractiveness Index – By Tonnage 8. Oman Bus Market Outlook 8.1. Market Size & Forecast 4.1.1. By Value & Volume 8.2. Market Share & Forecast 8.2.1. By Vehicle Type (Light Bus, Medium Bus and Heavy Bus) 8.2.2. By Application (Staff Transportation, School & University and Transport & Tourism) 8.2.3. By Fuel Type 8.2.4. By Company 8.2.5. By Region 8.3. Market Attractiveness Index – By Vehicle Type 9. Oman Medium Commercial Vehicle Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value & Volume 9.2. Market Share & Forecast 4 © TechSci Research

  5. Ta b l e o f C o n te n t s S. No. Contents 9.2.1. By Tonnage (10-16 Ton and 16-20 Ton) 9.2.2. By Fuel Type 9.2.3. By Application 9.2.4. By Company 9.2.5. By Region 9.3. Market Attractiveness Index – By Tonnage 10. Vehicle Fleet Analysis 11. Import Analysis 12. Major Fleet Operators in Oman 13. Major Projects in Oman 14. Fueling Station Analysis in Oman 15. Market Dynamics 15.1. Drivers 15.2. Challenges 16. Market Trends & Developments 17. Supply Chain Analysis 18. Policy & Regulatory Landscape 19. Oman Economic Profile 5 © TechSci Research

  6. Ta b l e o f C o n te n t s S. No. Contents 20. Competitive Landscape 20.1. Toyota Motor Corporation 20.2. Nissan Automobiles 20.3. Isuzu Motors Middle East FZE 20.4. Mitsubishi Motor Corporation 20.5. Hyundai Automotive 20.6. Hino Trucks 20.7. MAN Truck & Bus 20.8. Tata Motors 20.9. Volvo 20.10. Honda Middle East 21. Strategic Recommendations 22. Dealer Details 23. About Us & Disclaimer 6 © TechSci Research

  7. P ro d u c t O ve r v i e w Product Definition Passenger car is a motor vehicle with at least four wheels, used for the transport of passengers, and comprising no more than eight seats in addition to the driver's seat. Commercial vehicle is any type of motor vehicle used for transporting goods or passengers. US Department of Transportation defines commercial vehicle as “Any self-propelled or towed vehicle used on public highways in interstate commerce to transport passengers or property.” Classification According to Vehicle Type Vehicle Segment Sub-Segment Key Customer Segment Passenger Car Hatchback, Sedan, SUV/Pickup, MUV Individual • MCV Truck GVW 10-16 Ton Construction Logistics Mining • • • Medium Commercial Vehicle (MCV) MCV Truck GVW 16-20 Ton HCV Truck GVW 20-30 Ton Construction Logistics Oil Field • • • Heavy Commercial Vehicle (HCV) HCV Truck GVW 30-40 Ton HCV Truck GVW > 40 Ton Staff Transportation School & University Transportation Tourism • • Medium Bus Light Bus Bus • Heavy Bus 7 © TechSci Research

  8. Re s e a rc h M e t h o d o l o g y Market Profiling •In-depth secondary research was conducted to determine top players market, overall market size and major vehicle segments. in Oman automotive Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Formulating Questionnaire •In order to conduct industry experts’ interviews, TechSci Research formulated questionnaire. a detailed Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews ❑ Developing List of Respondents ❑ ❑ A Recent Developments Market Changing Aspects/Dynamics Government Policies Final Conclusion ❑ •List of industry players (manufacturers) and industry specialists was developed. Primary Research ❑ B Desk Research ❑ Data Collection C ❑ Company Analysis •TechSci industry experts and industry players for data collection and verification. Research conducted interviews with Market Participants Key Strengths OEM Tie-ups ❑ ❑ ❑ Data Validation •Data secondary rigorous triangulation. obtained as a result was of primary and Primary Research Secondary Research Paid Sources research validated through TechSci Internal Database Company Website Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body, Associations, etc. Factiva Hoovers ❑ ❑ ❑ ❑ ❑ Data Analysis ❑ ❑ ❑ •The data was scrutinized using MS-Excel and statistical tools such as Time Series Analysis to obtain qualitative and quantitative insights about Oman automotive market. ❑ 8 © TechSci Research

  9. Re s e a rc h M e t h o d o l o g y Baseline Methodology: For the study, TechSci Research has gathered information through primary research surveys with leading automotive companies operating in Oman. We have also put through an exhaustive search of credible paid databases such as Business Week, Factiva and Hoovers, including our internal database. Our team of analysts has then prudently evaluated all the collected information and presented the same in chronological order to depict a meaningful and clear picture of Oman automotive market. While compiling the data, we have also cross-checked all the collected information from multiple sources and data warehouses, so as to present the most accurate and precise information of the concerned industry. Sampling Technique: While conducting the study, TechSci Research followed the stratified random sampling technique to shortlist the Key Opinion Leaders (KOLs) in various automakers operating in Oman. KOLs based out of prominent vehicle manufacturers were interviewed to identify the size of Oman automotive market. Sample Size: KOLs No. of Respondents Mid to Senior Management, Sales Managers, etc., of Automotive OEMs 70 Industry Experts Total 5 75 9 © TechSci Research

  10. Re s e a rc h M e t h o d o l o g y Market Size Calculation Technique: Primary Research For the preparation of ‘Oman automotive market report’, bottom-up model has been used, which has been later cross validated by using top-down approach. TechSci Research interviewed Senior Managers and Regional Sales Managers of the prominent automotive companies using Delphi technique for calculating the size of Oman automotive market. Respondents were also asked about the current and future growth rates. All the information gathered was carefully analyzed. Data points, which exhibited high deviations from the majority estimates, were eliminated as outliers and the remaining refined data points were put together to arrive at the volume data. Primary Research – Few of the Companies Interviewed Names of Some of the Companies Interviewed Names of Some of the Companies Interviewed S. No. S. No. 1. 6. Toyota Hino Trucks 2. Hyundai 7 MAN Truck & Bus 3 Nissan 8. Tata Motors 4. 9. Mitsubishi Volvo 5. 10. Isuzu Honda Middle East 10 © TechSci Research

  11. Re s e a rc h M e t h o d o l o g y Secondary Research: We have also put through an exhaustive search of credible paid databases such as Factiva and Hoovers, in addition to our internal database. Further analyzes of credible publications, white papers, company’s annual reports, investor presentations, news articles, etc., were also analyzed to cross validate the end findings derived from primary research. S. No. Few of the Secondary Sources 1. Organisation Internationale des Constructeurs d’Automobiles (OICA) 2. UN Comtrade 3. National Centre for Statistics and Information, Oman 4. World Bank 5. International Monetary Fund (IMF) 6. Directorate General of Customs Oman Forecasting Technique: The team has developed forecast on the basis of econometric and judgemental analysis in addition to statistical techniques such as averaging and geometric mean. During primary research interviews, questions regarding historical sales trend of automotive market were put forward. Respondents were asked about the current and future growth rates, and market share by vehicle type, fuel type, etc. In order to forecast Oman automotive market, following forecast techniques were used: Time Series Analysis • Econometric and Judgmental Analysis • Moving Average • 11 © TechSci Research

  12. I n d u s t r y B r i e f According to TechSci Research report, “Oman Automotive Market By Vehicle Type, By Fuel Type, By Tonnage, By Application, Competition, Forecast & Opportunities, 2013-2023”, passenger car and commercial vehicle markets in Oman are forecast to reach $ 4.2 billion and $ 370 million by 2023, respectively. Growing government focus on stabilizing the economy, increasing number of construction and infrastructure development projects, and several sales & promotional offers by automotive dealers are expected to boost automobile sales in the country over the course of next five years. Moreover, increasing number of registered enterprises and growing presence of Indian automobile manufacturers would have a positive impact on the country’s automotive market during forecast period. SUV/pickup segment dominated the passenger car market in Oman in 2017, on account of growing consumer spending and stabilizing crude oil prices. In the reported year, light commercial vehicle (LCV) emerged as the leading vehicle type in the country’s commercial vehicle market, backed by increasing demand for LCVs from logistics and construction sectors as well as MSMEs. Muscat is the largest demand generating region for passenger cars and commercial vehicles in the country, owing to the presence of maximum point of sales and distribution network in the region. Growing presence of various automotive companies such as Toyota Motor Corporation, Nissan Automobiles, Isuzu Motors Middle East FZE, Mitsubishi Motor Corporation, Hyundai Automotive and Hino Trucks is anticipated to aid Oman automotive market over the course of next five years. “Oman is the third largest automotive market in the Middle East region. Owing to the availability of financing options, rapid growth in road infrastructure, a wide range of product offerings, and growing number of international brands entering the market, Oman automotive market is expected to grow during the forecast period. The country has been witnessing significant growth in its vehicle fleet over the last few years. Moreover, major automakers are planning to set up manufacturing and assembly units in Oman, which would meet the growing demand for automobiles in the coming years.”, said Mr. Karan Chechi, Research Director with 12 © TechSci Research TechSci Research, a research based global management consulting firm

  13. S a m p l e D a t a - S n a p s h o t s Oman Passenger Car Market Size, By Value (USD Billion), By Volume (Units), 2013-2023F CAGR 2018E-2023F By Value: XX% By Volume: XX% CAGR 2013-2017 By Value: -XX% By Volume: -XX% 2013 2014 2015 2016 2017 2018E 2019F 2020F 2021F 2022F 2023F Value (USD Billion) Volume (Units) Oman Heavy Commercial Vehicle Market Size, By Value (USD Billion), By Volume (Units), 2013-2023F CAGR 2018E-2023F By Value: XX% By Volume: XX% CAGR 2013-2017 By Value: -XX% By Volume: -XX% 2013 2014 2015 2016 2017 2018E 2019F 2020F 2021F 2022F 2023F Value (USD Billion) Volume (Units) 13 © TechSci Research

  14. Re p o r t O rd e r i n g R e p o r t N a m e : O m a n A u t o m o t i v e M a r k e t B y V e h i c l e T y p e ( P a s s e n g e r C a r a n d C o m m e r c i a l V e h i c l e , C o m p e t i t i o n , F o r e c a s t & O p p o r t u n i t i e s ) , 2 0 1 3 - 2 0 2 3 L i c e n s e T y p e P r i c e S i n g l e U s e r L i c e n s e $ 3 4 5 0 M u l t i - U s e r L i c e n s e $ 8 4 5 0 C u s t o m R e s e a r c h L i c e n s e $ 4 4 5 0 T o V i e w S a m p l e O R P u r c h a s e R e p o r t 14 © TechSci Research

  15. A b o u t U s & D i s c l a i m e r About Us TechSci Research is a global market research and consulting company with offices in the US, UK and Oman. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry- specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports Saudi Arabia Construction Equipment Rental Market Forecast & Opportunities, 2023 • Qatar Tire Market Forecast & Opportunities, 2023 • UAE Tire Market Forecast & Opportunities, 2022 • Partial List of Clients Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research. TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Oldbrook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia B – 44, Sector-57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com 15 © TechSci Research

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