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Kuwait Autos Report Q1 2013 - Product Image

Kuwait Autos Report Q1 2013

  • ID: 2373687
  • January 2013
  • Region: Kuwait
  • 43 pages
  • Business Monitor International


  • Alghanim Automotive
  • Arabian Motors Group
  • Company Monitor
  • Company Profiles
  • Kuwait Automotive Imports
  • MORE

Kuwait has continued to experience strong growth in vehicle sales over 2012, with new vehicle sales up by a reported 27% year-on-year (y-o-y) during the month of September, to reach 12,290 units. This brings the year-to-date total to 102,944 units, up by 25% y-o-y.

Given this strong performance over the 9M12 period, BMI believes the time is right to make an upwards revision to our current 2012 new vehicle sales forecast. We now believe that a 25% expansion in new vehicle sales is likely, up from 10% previously.

One of the key factors driving demand for new cars in Kuwait at the present time has been a booming vehicle leasing market. In this context, in October 2012, Bahrain-based Investcorp acquired a 35% stake in Kuwaiti vehicle leasing and rental specialist Automak Automotive. Investcorp's view that private car ownership will wane, in favour of leasing or renting, falls in line with BMI's forecast for annual growth in the country's car density to slow from 4-5% in 2006 and 2007, when new car sales growth was round 8%,
to a more subdued 2% by the end of our forecast period in 2017.

In Kuwait, Investcorp expects growth to come from the expansion of the oil sector READ MORE >


  • Alghanim Automotive
  • Arabian Motors Group
  • Company Monitor
  • Company Profiles
  • Kuwait Automotive Imports
  • MORE

Executive Summary 5

SWOT Analysis 6

Kuwait Autos Sector SWOT 6

Kuwait Political SWOT Analysis 7

Kuwait Economic SWOT Analysis 8

Kuwait Business Environment SWOT Analysis 9

Global Overview 10

UK Boosts Europe, But Favourites Still Outperform 10
Table: Passenger Car Sales 8M12 10

Incentive Boom For Japan, US Powers On 11

Industry Risk/Reward Ratings 15

GCC States Still Dominant 15
Table: Middle East And North Africa Autos Risk/Reward Ratings 17

Regional Overview 18

Macroeconomic Forecast Scenario 20
Table: Kuwait - Economic Activity, 2011-2016 22

Industry Forecast Scenario 23

Sales 23
Table: Kuwaiti Autos Sales, 2010-2017 23

Competitive Landscape 25

Cars 25
Table: Kuwait - Top 10 Best-Selling Models 2011 26

Commercial Vehicles 28

Suppliers 29

Luxury Cars 29

Leasing 31

Company Monitor 32

Company Profiles 34

Arabian Motors Group 34

Kuwait Automotive Imports 35

Alghanim Automotive 36

Demographic Outlook 37
Table: Kuwait's Population By Age Group, 1990-2020 ('000) 38
Table: Kuwait's Population By Age Group, 1990-2020 (% of total) 39
Table: Kuwait's Key Population Ratios, 1990-2020 40
Table: Kuwait's Rural And Urban Population, 1990-2020 40

BMI Methodology 41

How We Generate Our Industry Forecasts 41

Automobile Industry 41

Sources 42

Company Monitor
Company Profiles
Arabian Motors Group
Kuwait Automotive Imports
Alghanim Automotive

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