gcc and africa commercial vehicle saudi … arabia tyre market forecast & opportunities, ......

S audi Arabia Tyre Market Forecast & Opportunities , 2020

GCC AND AFRICA COMMERCIAL VEHICLE AND TIRE MARKET STUDY

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

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G C C C o m m e r c i a l V e h i c l e M a r k e t O v e r v i e w

Prominent Automobile Brands in GCC Countries

GCC Commercial Vehicle Sales Share, By Vehicle Type, 2016 & 2022

LCV

M&HCV

Bus LCV

M&HCV

Bus

CAGR 2017E-2022F

By Volume: 3.25%

0.440.49 0.46

0.310.41

0.00

0.20

0.40

0.60

2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F

CAGR 2012-2016

By Volume: -5.59%

Source: TechSci Research

2016 2022

GCC Commercial Vehicle Market anticipated to accelerate with a slower pace in the

forecast period

❖ GCC truck and Bus market is majorly

dominated by light vehicles that

comprise of light trucks, light buses and

pickups.

❖ Implementation of VAT by most of the

GCC countries in 2018 will stimulate

Pre-VAT sales rush.

❖ Lower government spending on new

vehicle purchase and focus on rental or

leasing options.

❖ Toyota, Mitsubishi and Isuzu are the

major brands for trucks and buses in

GCC

Volume Sales (Million Units)

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G C C T r u c k a n d B u s M a r k e t O u t l o o k

CAGR 2012-2016

By Volume: -5.44%

CAGR 2017E-2022F

By Volume: 2.29%

Saudi Arabia

55.71 62.07 69.1851.13

68.60

2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022FVolume (Thousand Units)

CAGR 2012-2016

By Volume: -6.62%

CAGR 2017E-2022F

By Volume: 9.16%

40.79%

42.80%

59.21%

57.20%

2016

2022F

Light Duty and Pick up truck dominate Truck market in GCC countries

Application Areas of

Truck and Bus

School & University

Transport & Tourism

Oil Fields

MSME’s

Logistics Construction

Oman

2016:

2022:

Kuwait 2016:

2022:

Bahrain

2016:

2022:


2016: 65.46%2022F: 60.67%

Qatar

2016:

2022:

UAE

2016:

2022:

Medium & Heavy Duty Truck

Pickup and Light Duty Truck

GCC Bus Market also expected to recover on account of improving economic conditions and focus of non oil sector

GCC Truck Market expected to recover from the downfall on account of improving crude oil prices

Saudi Arabia

Saudi Arabia dominate GCC Truck and Bus Market in Volume Terms due to its large fleet size and automobile sales

GCC Truck Market in Volumes

0.380.43 0.39 0.35

2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022FVolume (Million Units)

Prominent Application

Areas

GCC Bus Market in Volumes

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Factors Driving GCC Tire Market

3.97 4.40 4.786.76

10.41

2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F

Volume (Million Units)

G C C T i r e M a r k e t O u t l o o k

GCC Tire Market expecting a robust growth in the next 5 years

CAGR 2012-2016

By Volume: 5.61%

CAGR 2017E-2022F

By Volume: 6.47%

Improving Economic Scenario

Increasing Automobile

Sales

Increasing Tire Prices

Expanding Automobile Fleet Size

ChineseEuropean

BrandsAsian

Brands

Chinese brands include Tianjan, Jiangsu, King’s West Lake and Marshal

European brands include Dunlop, Pirelli, Michelin, and Continental

Asian brands include Bridgestone, Yokohama, Toyo, Kumho and others

Saudi Arabia2016: 67.30%2022F: 68.06%

Oman

2016:

2022:

UAE

2016:

2022:

Qatar

2016:

2022:

Kuwait

2016:

2022:

Bahrain

2016:

2022:


Passenger Car segment expected to dominate tire market in GCC countries

Chinese and European brands dominate GCC Tire Market

Saudi Arabia dominate GCC Tire Market due to its large fleet size and automobile sales

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A f r i c a C o m m e r c i a l M a r k e t O v e r v i e w

PC – 0.98 Million Units

Prominent Automobile Brands in African Countries

Africa Commercial Vehicle Sales Share, By Vehicle Type, 2016 & 2022

LCV

M&HCV

BusLCV

M&HCV

Bus

CAGR 2017E-2022F

By Volume: 2.28%

0.420.46 0.47

0.43

2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F


CAGR 2012-2016

By Volume: -2.24%


2016 2022

Africa Commercial Vehicle Market expected to recover in the forecast period

❖ Toyota, Isuzu and Nissan are the major

brands in Africa truck and bus market

❖ Africa truck and bus market is expected

to recover in the next 5 years due to

improving political scenario and

governments focus on developing

infrastructure in their respective

countries.

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0.400.44 0.45

0.380.42

2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F



A f r i c a T r u c k a n d B u s M a r k e t O u t l o o k

Africa Truck Market expected to recover in the forecast period

List of Prominent Truck and Bus Players in Africa, By

Vehicle Segment

CAGR 2012-2016

By Volume: -2.20%

CAGR 2017E-2022F

By Volume: 2.32%

Saudi Arabia


14.65 15.93 16.04

2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F

Volume (Thousand Units)Source: TechSci Research

CAGR 2012-2016

By Volume: -3.37%

CAGR 2017E-2022F

By Volume: 1.01%

27.56%

26.90%

72.44%

73.10%

2016

2022F

Truck Type Top Players Others

Light Duty

Trucks and

Bus

Toyota, Isuzu

and Nissan

Ford, Mazda, Mahindra, Renault,

Mitsubishi, TATA, Chevrolet, Fiat,

Mercedez Benz and others

Medium

Duty Truck

and Bus

UD Trucks,

Iveco and Isuzu

Nissan, Toyota, TATA, Hino, General

Motors, Renault, Fiat, Fuso,

Powerstar, Peugeot, Volkswagen and

others

Heavy Duty

Truck and

Bus

Scania, Man,

Volvo and

Mercedez Benz

Iveco, Renault, Volkswagen,

Powerstar, Navistar and others

Medium & Heavy Duty Truck

Pickup and Light Duty Truck

❖ Africa truck market is heavily dependent on imports asonly very few countries have production units.

❖ South Africa, Egypt, Algeria, Morocco and Tunisiadominate truck and bus sales in the region.

❖ Africa truck market is characterized by sale of usedtrucks.

❖ Libya, Nigeria, Ghana, Kenya and Zimbabwe are themajor importers of used trucks in Africa.

❖ Toyota’s Hilux and Isuzu’s KB series in light duty trucks,UD Trucks’ Quester, Scania’s P-Series and Iveco’sEurocargo in medium and heavy duty trucks are themost popular truck models in Africa.

Africa Bus Market also expected to recover in the forecast period

Pickup and Light duty trucks dominate Africa Truck Market

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Chinese and Asian brands dominate Africa Tire Market

A f r i c a T i r e M a r k e t O u t l o o k


CAGR 2012-2016

By Volume: 3.04%

CAGR 2017E-2022F

By Volume: 2.87%

Factors Driving Africa Tire Market

Improving Economic

and Political Scenario

Recovering Automobile

Sales

Increasing Tire Prices

Reviving Automobile Production

ChineseAsian

BrandsEuropean

Brands

Chinese brands include Tianjan, Jiangsu, King’s West Lake and Marshal

Asian brands include Bridgestone, Yokohama, Toyo, Hankook, Kumho and others

European brands include Pirelli, Michelin, and Continental


3.97 4.40 4.787.47

10.41

2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F


Passenger Car segment expected to dominate tire market in African countries

Africa Tire Market expecting a moderate growth in the next 5 years

South Africa, Egypt and Algeria dominate Africa

Tire Market

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K e y I n s i g h t s

GCC Tire Market

❖ Saudi Arabia Dominate GCC tire market

❖ Chinese brands owing to economical price andeasy availability dominate GCC tire markets

❖ Passenger car segment has the highestpenetration of tires in GCC among all vehiclesegments

GCC Truck and Bus Tire Market

Africa Tire Market

❖ South Africa Dominate African tire market

❖ Chinese and Indian brands owing to economicalprice and easy availability have good presence inAfrica tire market

❖ Many Flagship companies are reworking theirstrategy to tap African markets especially incountries like Sudan, Eritrea, Ethiopia an others

GCC Truck and Bus Market

❖ GCC truck and Bus market is majorly dominatedby light vehicles that comprise of light trucks,light buses and pickups.

❖ Owing to low crude oil prices in the last 5 years,GCC truck and Bus market has exhibited anegative growth

❖ Toyota, Mitsubishi and Isuzu are the major brandsfor truck and bus in GCC

Africa Truck and Bus Market

❖ Toyota, Isuzu and Nissan are the major brands inAfrica truck and bus market

❖ Africa truck and bus market is expected to recoverin the next 5 years due to improving politicalscenario and governments focus on developinginfrastructure in their respective countries.

GCC and Africa Tire and Truck/Bus Market Key Insights

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provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on

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evaluation of the opportunities available in the market.

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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 thatit is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sourcesincluding which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of anyinformation 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 ithas no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can changewithout notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage ofthe same for purpose other than internal will require prior approval of TechSci Research.

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gcc and africa commercial vehicle saudi … arabia tyre market forecast & opportunities, ......

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