New York, NY, April 08, 2017 --(PR.com
)-- According to TechSci Research report, “Qatar Commercial Vehicle Market By Vehicle Type, Competition Forecast and Opportunities, 2012-2022,” Qatar commercial vehicle market is forecast to grow at a CAGR of over 10% during 2017-2022, on account of growing construction activities and expanding tourism sector across the country. Rising demand for commercial vehicles in the country from various application areas such as logistics and construction can also be attributed to rising Gross National Income per capita from USD71,530 in 2011 to USD83,990 in 2015, as per World Bank.
Browse 6 market data Tables and 40 Figures spread through 129 Pages and an in-depth TOC on "Qatar Commercial Vehicle Market": https://www.techsciresearch.com/report/qatar-commercial-vehicle-market-by-vehicle-type-light-commercial-vehicle-medium-commercial-vehicle-heavy-commercial-vehicle-and-bus-competition-forecast-and-opportunities/941.html
Rising construction and building activities in the country is anticipated to drive demand for commercial vehicles in Qatar during the forecast period. In 2016, light commercial vehicles dominated country’s commercial vehicle market, followed by MCVs, buses and HCVs. Expanding small scale industries and rising preference towards pickup trucks for private and commercial use are anticipated to boost demand for light commercial vehicles in Qatar during the forecast period as well. Moreover, Toyota dominated Qatar commercial vehicle market in 2016 followed by Mitsubishi, Isuzu, Nissan, Navistar and UD Trucks. Qatar is an import driven market and there is absence of commercial vehicle manufacturing in the country. Hence, all major OEMs cater to the domestic demand through exclusive dealers and distributors.
“Doha region dominated demand for commercial vehicles in the country, followed by Al Rayyan, Umm Salal and Al Wakrah regions. Rising demand for commercial vehicles from Doha region in Qatar can be attributed to increasing construction and building activities in the country and large population base. Moreover, Al Rayyan region is also anticipated to exhibit moderate growth in demand for commercial vehicles through the forecast period, on account of increasing demand from logistics industry, construction industry and MSMEs,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Qatar Commercial Vehicle Market By Vehicle Type, Competition Forecast and Opportunities, 2012-2022” has analyzed the potential of Qatar commercial vehicle market, and provides information and statistics on market structure, imports and trends. The report intends in providing intending clients with cutting-edge market intelligence and help them take sound investment decisions. The report also identifies and analyzes emerging trends along with essential drivers and key challenges confronting the industry.
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