New Transportation market report from Business Monitor International: "Bahrain Autos Report Q1 2016"
[USPRwire, Fri Jan 22 2016] 2015 has proved another positive year for Bahraini new car sales, which should be on track for over 70,000 units sold by year end.
Looking forward, BMI remains optimistic on the medium-term outlook for the sector, targeting 21.3% growth, to around the 87,000 unit mark by 2019.
One support to overall passenger car sales numbers as we move into 2016 should come from the July 2015 announcement by Bahrain's minister of transportation and telecommunications, Kamal Ahmed, who unveiled plans to improve the country's public transport system by boosting the number of taxis.
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One further area of support for PC sales over our forecast period to 2019 could come from the key car rental market, with Bahrain set to benefit from increased tourism flows.
Japanese carmaker Toyota retains local market leadership, accounting for just under a half of total market share on its own, and over half total market share once sales of its third-placed Lexus subsidiary are taken into account.
Toyota and Lexus produced the eight most popular models sold in Bahrain over 9M15, with the Land Cruiser, Hilux, Prado, Corolla, Hiace, Vios, Lexus LX and RAV4 models.
BMI expects Toyota's dominance of Bahrain's new car sales market to continue into 2016 and beyond. This bodes well for a continued strong performance by its local distribution partner Ebrahim K Kanoo.
The Bahrain Autos Report features the latest data and forecasts covering production, sales, imports and exports.
BMI Research's Bahrain Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Bahrain.
* Benchmark BMI's independent automotives industry forecasts on Bahrain to test other views - a key input for successful budgetary and planning in the Bahraini automotives market.
* Target business opportunities and risks in the Bahraini automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Bahrain.
* Assess the activities and market position of your competitors, partners and clients via our Competitive Landscape Analysis.
BMI Industry View
Summary of BMI’s key industry forecasts and views, covering production, sales and the introduction of new technology or products.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the autos sector and within the broader political, economic and business environment.
BMI Industry Forecasts
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