Fast Market Research recommends "Bahrain Autos Report Q1 2013" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 03/07/2013 -- Our core view for the Bahraini autos market envisages only modest growth in vehicle sales in our forecast period to 2017. In 2013, we forecast vehicle sales to grow only 3% y-o-y, to 54,500 units - compared with the 5% y-o-y we expect in 2012.
Much of the growth in 2012 is expected to have come on the back of a continued favourable demand fundamentals in the households in the year. We believe household consumption should continue expanding at a relatively steady clip over the coming quarters, supported by low interest rates and the uptick in government spending. However, what prompts our cautious view for the autos market is the fact that activity in Bahrain's non-oil sector is likely to remain relatively weak through 2013.
View Full Report Details and Table of Contents
For the rest of our forecast period to 2017, we expect sales growth to average close to 4.4% y-o-y between 2014 and 2017 - reaching 64,600 by the end of the forecast period.
Vehicle ownership levels have shown only modest growth in the recent past, and even more incremental increases in the near future (from 420/1,000 in 2009 to 491/1,000 in 2017), is particularly suggestive of the fact that the market is not going to experience huge growth, and that it may even be at a level of marginal replacement. At this rate, the market is expected to perform poorly compared with the average 7% y-o-y rise in vehicles sales between 2006 and 2011.
A significant proportion of the new vehicles sold in the market will continue to be imported. Growing at an average 5.4% y-o-y between 2013 and 2017, we see imported vehicles taking up over 90% of the total vehicle sales.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Transportation research reports at Fast Market Research
You may also be interested in these related reports:
- Malaysia Autos Report Q1 2013
- South Korea Autos Report Q1 2013
- Vietnam Autos Report Q1 2013
- Russia Autos Report Q1 2013
- Morocco Autos Report Q1 2013
- Mexico Autos Report Q1 2013
- China Autos Report Q1 2013
- Thailand Autos Report Q1 2013
- Brazil Autos Report Q1 2013
- Japan Autos Report Q1 2013
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)