Iran Autos Report - Business Monitor International - Industry Reports

Iran Autos Report

Iran Autos Report - Business Monitor International - Industry Reports
Iran Autos Report
Published Jun 25, 2016
35 pages — Published Jun 25, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

The outlook for Iran s economy is the best it has been in decades as sanctions on the economy are lifted. Our Country Risk team forecast that almost all sanctions preventing European and Japanese brands from operating in the Iranian market should be lifted in the first half of ----. ...We forecast total vehicle sales to grow --.- in ---- and then at an annual average of --.- to ----. As the economy works its way back from the dire effects of the sanctions over the next decade, large infrastructure deficits, pent up demand, a youthful population, a skilled work force and a robust consumer story will result in Iran s having some of the most positive growth in the Middle East. Before sanctions were imposed, Iran was the --th largest automotive producer in the world, and the government s aim to regain its position as a major global competitor is supported by its drive to privatise the industry. The automotive industry is Iran s second biggest industry while the oil and gas industry is its largest. This means that the lifting of sanctions has sparked the imminent return of major Western brands which were present in the market before sanctions were imposed.

...The poor quality of locally produced vehicles coupled with drastically inflated prices due to the sanctions has resulted in passenger vehicle sales falling well short of the market potential. As sanctions are lifted and Western brands return to the market, passenger vehicle sales will experience a significant uptick in growth. ...As sanctions are lifted and Western brands return to the market, passenger vehicle sales will experience a significant uptick in growth. Years of pent up demand, as well as consumers delaying vehicle purchases as they wait for the return of the preferred Western brands (supported by positive consumer fundamentals), will drive passenger vehicle sales. We forecast passenger vehicle sales to grow --.- in ---- to -,--mn units. ...A young and sophisticated consumer base, supported by steady growth in private consumption levels, will inform the consumer story in Iran over the next decade. We forecast private consumption to grow -.- in ---- and to continue a positive growth trend averaging -.- over the rest of our five-year forecast period.

...The lifting of sanctions will attract significant investment into the infrastructure sector of the economy due to the large infrastructure deficits resulting from years of underinvestment. As sanctions are eased, the induced trade in and through Iran, as well as the scope for investment into infrastructure, will provide an environment which is conducive to commercial vehicle sales growth. ...

  
Source:
Document ID
1748-9962
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Iran Autos Report" Jun 25, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Iran-Autos-Report-2026-428>
  
APA:
Business Monitor International - Industry Reports. (2016). Iran Autos Report Jun 25, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Iran-Autos-Report-2026-428>
  
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