Oman Vehicles Market 2012-2020 Outlook provides facts, data and forecast on this market with all data by OEM, Brand, Model and segment. From 2004 up to the 2020 All About within 130 pages and 200 charts.
Historical Market data are reported since 2004 with detail by segments, groups, brands and models from 2012 to year to date 2015. The market is segmented for cars and LCVs. with a dedicated section to the premium brands segment.
Oman lies at the eastern corner of the Arabian Peninsula. Sharjah and Fujairah (UAE) separate the main part of Oman from the northernmost part of the state, a peninsula (Musandam) extending into the Strait of Hormuz. Historically Omanis were seafarers and traders who dominated regional commodity trading in the Indian Ocean, East Africa and the Arabian Gulf. There was thus a succession of migrations which saw the growth of settlements along some parts of the East African coast.
Oman is a middle-income economy that is heavily dependent on dwindling oil resources. Oman has liberalized and extensively deregulated foreign trade. After accession to the WTO in 2000, the government encouraged foreign trade and investment and introduced industrial regulations and labor laws. The 2003 GCC (Gulf Cooperation Council) customs union agreement was followed by the January 2009 introduction of the bilateral free trade agreement with the United States.
Low oil prices are expected to restrain the economy in the near term, although the government aims to boost growth through spending and diversification. FocusEconomics panelists expect GDP to grow 2.6% this year, which is unchanged from last month’s forecast. For 2016, the panel foresees the economy expanding 3.0%.
The research starts from the review of the last ten years heritage, we have checked the rule of the automotive industry in the country reporting data on segments, brands and models.
Recent sales data had been reviewed starting from 2004 with a focused analysis on the last three years, up to the year to date 2015. Based on several factors that directly and indirectly influence the market, we have forecast the 2015-2020 market trend with details regarding market volume, segments and brands.
All data are presented in charts and table with an immediate and easy-to-read style that allow you to catch the essential about this market.
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