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Commercial Vehicles (Trucks) Market: MENA Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)

Published By :

Future Market Insights

Published Date : Jan 2018

Category :

Transport & Logistics

No. of Pages : 187 Pages



Positive growth prospects in various end use industries such as construction, mining, petrochemicals and waste management are likely to boost the growth of MENA commercial vehicles market

Due to the rapid growth in the various end use industries such as construction, mining, petrochemicals and waste management, the MENA commercial vehicles market is likely to witness a rapid growth. Commercial vehicles are increasing being preferred over other transportation vehicles due to their high productivity and they can be used for many kinds of pick and drop operations. Moreover, there is a high importance of supply of raw materials and other minerals to the market in order for the economy to function well. Since the demand for natural resources and minerals is rising each passing day, the mining market in the MENA region is experiencing growth. This is expected to create significant opportunities for the commercial vehicles market and also fuel the production and sales of such transportation vehicles. Looking from another perspective, the waste management industry is experiencing growth and this in turn will affect the MENA commercial vehicles market positively. Huge amounts of waste is being generated from households, commercial, industries and from the construction sector. To handle this huge amount of waste, commercial vehicles are ideal and economical. This factor is also likely to boost the MENA commercial vehicles market.

The MENA commercial vehicles market was estimated to be valued at nearly US$ 5,250 Mn in the year 2017 and is likely to reach a valuation of nearly US$ 8,500 Mn at the end of the assessment period in the year 2027. The MENA commercial vehicles market is likely to exhibit a CAGR of 5.0% by value during 2017-2027. By volume, the MENA commercial vehicles market was pegged at 152,191 units in the year 2017 and is poised to touch a value of 212,232 units in the year 2027, and in the process exhibit a CAGR of 3.4% during 2017-2027.

Product innovation to play a vital role in the MENA commercial vehicles market

In the developed economies, the buyers of commercial vehicles are opting for vehicles that are equipped with advanced diagnosis and automation. Manufacturers of commercial vehicles have thus adapted to this demand by employing process R&D and product innovation in advanced telematics systems. This trend is also likely to gain a foothold in the MENA market and create significant opportunities in the coming years and boost market growth. In addition, there is an introduction of new and advanced components in the driver cabin of commercial vehicles that make the job of the driver easy in all types of weather conditions. This is especially true in the severely hot countries of the MENA region, or even during heavy rain or snow and very cold conditions. In addition, due to the introduction of new high strength steel and truck bodies that can withstand the high temperatures in the MENA region, the market is poised to attain a growth trajectory. With the introduction of rugged axles and the machine superstructure manufactured with the advanced machines that can bear high load conditions are also adding to the attraction of commercial trucks market in the MENA region.
mena commercial vehicles trucks market

MENA Commercial Vehicles (Trucks) Market Analysis 20122016 and Forecast 20172027, By Class Type

The light duty segment in the class type category was estimated to be valued at nearly US$ 160 Mn at the end of the year 2017 and is estimated to touch a valuation of nearly US$ 250 Mn at the end of the assessment period in 2027. The medium duty segment was estimated to be valued at nearly US$ 1,850 Mn in 2017 and is likely to touch a valuation of nearly US$ 3,000 Mn in the year 2027. The heavy duty segment in the class type category of the MENA commercial trucks market was estimated to be valued at nearly US$ 3,200 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 5,300 Mn in the year 2027.
Table Of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

2.3. Parent Market Overview

3. Market View Point

3.1. Macro-Economic Factors

3.1.1. MENA Industry Value Added

3.1.2. MENA GDP Growth Outlook

3.1.3. MENA Commercial Vehicle (Trucks) Supply and Demand Scenario

3.2. Opportunity Analysis

4. Saudi Arabia Commercial Vehicle (Trucks) Market Analysis 20122016 and Forecast 20172027

4.1. Introduction

4.2. Key Regulations

4.3. Pricing Analysis

4.4. Regional Market Dynamics

4.4.1. Drivers

4.4.2. Restraints

4.4.3. Trends

4.5. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Class Type, 20122016

4.5.1. Light Duty

4.5.1.1. Up to 2.5 Tons

4.5.1.2. 2.5 T 4.5 T

4.5.1.3. 4.5 T 6.5 T

4.5.2. Medium Duty

4.5.2.1. 6.5 T 7.5 T

4.5.2.2. 7.5 T 9 T

4.5.2.3. 9 T 12 T

4.5.3. Heavy Duty

4.5.3.1. 12 T 15 T

4.5.3.2. 15 T & Above

4.6. Market Size (US$ Mn) and Volume (Units) Forecast By Class Type, 20172027

4.6.1. Light Duty

4.6.1.1. Up to 2.5 Tons

4.6.1.2. 2.5 T 4.5 T

4.6.1.3. 4.5 T 6.5 T

4.6.2. Medium Duty

4.6.2.1. 6.5 T 7.5 T

4.6.2.2. 7.5 T 9 T

4.6.2.3. 9 T 12 T

4.6.3. Heavy Duty

4.6.3.1. 12 T 15 T

4.6.3.2. 15 T & Above

4.7. Drivers and Restraints: Impact Analysis

4.8. Market Attractiveness Analysis

4.8.1. By Class Type

4.9. Key Representative Market Participants

4.10. Market Presence (Intensity Map)

5. Turkey Commercial Vehicle (Trucks) Market Analysis 20122016 and Forecast 20172027

5.1. Introduction

5.2. Key Regulations

5.3. Pricing Analysis

5.4. Regional Market Dynamics

5.4.1. Drivers

5.4.2. Restraints

5.4.3. Trends

5.5. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Class Type, 20122016

5.5.1. Light Duty

5.5.1.1. Up to 2.5 Tons

5.5.1.2. 2.5 T 4.5 T

5.5.1.3. 4.5 T 6.5 T

5.5.2. Medium Duty

5.5.2.1. 6.5 T 7.5 T

5.5.2.2. 7.5 T 9 T

5.5.2.3. 9 T 12 T

5.5.3. Heavy Duty

5.5.3.1. 12 T 15 T

5.5.3.2. 15 T & Above

5.6. Market Size (US$ Mn) and Volume (Units) Forecast By Class Type, 20172027

5.6.1. Light Duty

5.6.1.1. Up to 2.5 Tons

5.6.1.2. 2.5 T 4.5 T

5.6.1.3. 4.5 T 6.5 T

5.6.2. Medium Duty

5.6.2.1. 6.5 T 7.5 T

5.6.2.2. 7.5 T 9 T

5.6.2.3. 9 T 12 T

5.6.3. Heavy Duty

5.6.3.1. 12 T 15 T

5.6.3.2. 15 T & Above

5.7. Market Attractiveness Analysis

5.7.1. By Class Type

5.8. Key Representative Market Participants

5.9. Market Presence (Intensity Map)

6. Rest of Middle East Commercial Vehicle (Trucks) Market Analysis 20122016 and Forecast 20172027

6.1. Introduction

6.2. Key Regulations

6.3. Pricing Analysis

6.4. Regional Market Dynamics

6.4.1. Drivers

6.4.2. Restraints

6.4.3. Trends

6.5. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Class Type, 20122016

6.5.1. Light Duty

6.5.1.1. Up to 2.5 Tons

6.5.1.2. 2.5 T 4.5 T

6.5.1.3. 4.5 T 6.5 T

6.5.2. Medium Duty

6.5.2.1. 6.5 T 7.5 T

6.5.2.2. 7.5 T 9 T

6.5.2.3. 9 T 12 T

6.5.3. Heavy Duty

6.5.3.1. 12 T 15 T

6.5.3.2. 15 T & Above

6.6. Market Size (US$ Mn) and Volume (Units) Forecast By Class Type, 20172027

6.6.1. Light Duty

6.6.1.1. Up to 2.5 Tons

6.6.1.2. 2.5 T 4.5 T

6.6.1.3. 4.5 T 6.5 T

6.6.2. Medium Duty

6.6.2.1. 6.5 T 7.5 T

6.6.2.2. 7.5 T 9 T

6.6.2.3. 9 T 12 T

6.6.3. Heavy Duty

6.6.3.1. 12 T 15 T

6.6.3.2. 15 T & Above

6.7. Market Attractiveness Analysis

6.7.1. By Class Type

6.8. Key Representative Market Participants

6.9. Market Presence (Intensity Map)

7. North Africa Commercial Vehicle (Trucks) Market Analysis 20122016 and Forecast 20172027

7.1. Introduction

7.2. Key Regulations

7.3. Pricing Analysis

7.4. Regional Market Dynamics

7.4.1. Drivers

7.4.2. Restraints

7.4.3. Trends

7.5. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Class Type, 20122016

7.5.1. Light Duty

7.5.1.1. Up to 2.5 Tons

7.5.1.2. 2.5 T 4.5 T

7.5.1.3. 4.5 T 6.5 T

7.5.2. Medium Duty

7.5.2.1. 6.5 T 7.5 T

7.5.2.2. 7.5 T 9 T

7.5.2.3. 9 T 12 T

7.5.3. Heavy Duty

7.5.3.1. 12 T 15 T

7.5.3.2. 15 T & Above

7.6. Market Size (US$ Mn) and Volume (Units) Forecast By Class Type, 20172027

7.6.1. Light Duty

7.6.1.1. Up to 2.5 Tons

7.6.1.2. 2.5 T 4.5 T

7.6.1.3. 4.5 T 6.5 T

7.6.2. Medium Duty

7.6.2.1. 6.5 T 7.5 T

7.6.2.2. 7.5 T 9 T

7.6.2.3. 9 T 12 T

7.6.3. Heavy Duty

7.6.3.1. 12 T 15 T

7.6.3.2. 15 T & Above

7.7. Market Attractiveness Analysis

7.7.1. By Class Type

7.8. Key Representative Market Participants

7.9. Market Presence (Intensity Map)

8. Forecast Factors: Relevance and Impact

9. Forecast Assumptions & Acronyms

10. Competition Landscape

10.1. Market Structure

10.2. Market Share Analysis

10.3. Competition Intensity Mapping By Market Taxonomy

10.4. Competition Dashboard

10.5. Company Profiles (Details Overview, Financials, Strategy, Recent Developments)

10.5.1. Daimler AG

10.5.2. AB Volvo

10.5.3. Scania AB

10.5.4. Paccar Inc.

10.5.5. MAN SE

10.5.6. Navistar International Corp.

10.5.7. Hino Motors, Ltd.

10.5.8. Isuzu Motors Ltd.

10.5.9. Dongfeng Motor Corporation

10.5.10. FAW Group Corporation

10.5.11. Toyota Motor Corporation

10.5.12. Ford Motor Company

10.5.13. Nissan Motor Company Limited

10.5.14. General Motor Company

10.5.15. Volkswagen Group

11. MENA Commercial Vehicle (Trucks) Market Analysis 20122016 and Forecast 20172027 By Region

11.1. Introduction

11.2. Market Size (US$ Mn) and Volume Forecast By Region

11.2.1. Middle East

11.2.1.1. Saudi Arabia

11.2.1.2. Turkey

11.2.1.3. Rest of Middle East

11.2.2. North Africa

11.3. Market Attractiveness Analysis By Region

11.4. Market Trends

12. MENA Commercial Vehicle (Trucks) Market Analysis 20122016 and Forecast 20172027, By Class Type

12.1. Introduction

12.2. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Class Type, 20122016

12.2.1. Light Duty

12.2.1.1. Up to 2.5 Tons

12.2.1.2. 2.5 T 4.5 T

12.2.1.3. 4.5 T 6.5 T

12.2.2. Medium Duty

12.2.2.1. 6.5 T 7.5 T

12.2.2.2. 7.5 T 9 T

12.2.2.3. 9 T 12 T

12.2.3. Heavy Duty

12.2.3.1. 12 T 15 T

12.2.3.2. 15 T & Above

12.3. Market Size (US$ Mn) and Volume (Units) Forecast By Class Type, 20172027

12.3.1. Light Duty

12.3.1.1. Up to 2.5 Tons

12.3.1.2. 2.5 T 4.5 T

12.3.1.3. 4.5 T 6.5 T

12.3.2. Medium Duty

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