DUBLIN–(BUSINESS WIRE)–The “Strategic Analysis of the Pakistan Automotive Market, Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
With an Expected Growth Rate of 7.2%, the Industry is Ripe for New Opportunities, Backed by a New Automotive Policy and Political Stability
The aim of this study is to provide an overall perspective on the passenger vehicle market in Pakistan. It discusses the capabilities of vehicle manufacturers, how the market is currently positioned in terms of vehicles sales, who are the leading OEMs and, most importantly, how is the market expected to change in the future.
With an extremely low penetration rate of approximately 13 cars per 1000 inhabitants and a rapidly growing urbanization rate of 40.5%, Pakistan has huge potential to grow its automotive market. So far, only three manufacturers- Suzuki, Honda and Toyota-assemble vehicles in the country, and these Japanese OEMs obviously dominate the domestic automotive market.
The Pakistan government is keen to incentivize new and existing OEMs to introduce new models to enable end-customers to expand their choices. The presence of only three OEMs gives an opportunity for new OEMs to enter the market and satisfy the unmet need for end-customers.
A change in the government’s automotive policy is expected to spur local OEM investment in the country in terms of assemblers and thereby contribute to an increase in sales. This is expected to further propel growth in downstream industry activities, especially automotive servicing and parts.
End-customers struggle with poor vehicle quality, inferior technology, and outdated model designs offered by the three existing manufacturers. Further, the high cost of financing is detrimental to the purchase of new vehicles as end-customers are hindered from buying new cars, which forces OEMs to continue producing old models because of lack of growth.
- Indus Toyota
- Honda Atlas
1. Executive Summary
2. Research Scope and Methodology
3. Country Overview
4. Manufacturing Overview
5. Sales Overview
6. Mobility Overview
7. Growth Opportunities and Companies to Action
8. Key Conclusions and Future Outlook
For more information about this report visit https://www.researchandmarkets.com/research/tfpg28/strategic?w=4