Iranian Automotive Market Forecast to 2022: Sales Volume of Passenger Vehicles, Commercial Vehicles, and Buses and Minibuses to Reach 2.61 Million Units by 2022 - ResearchAndMarkets.com

DUBLIN--()--The "Iranian Automotive Market, Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The Iranian passenger vehicles (PV) market is projected to grow, recording a compound annual growth rate (CAGR) of 13.6% during 2016-2022 with the potential lifting of sanctions and the entry of foreign original equipment manufacturers (OEMs) and suppliers. By 2022, the B segment, with a 46% market share, will be most preferred segment cannibalising on the D segment for its value-added features. The B and D segments are dominated predominantly by Iranian OEMs and locally built cars, whilst the premium segments include foreign participants.

The Iranian government has introduced strong initiatives to cut emissions and modernise the car park, which provides strong opportunities for local production. Iran disposed of about 320,000 end of life' PVs as part of its scrappage programme in 2015 to reduce pollution and fuel consumption. The country plans to decrease the average passenger parc age to 20 years by the end of 2020 and to 15 years by the end of 2025.

Due to its strategic location, Iran has the potential for accounting for a substantial share of international transit trade with the development of proper infrastructure. According to the 6th Development Plan, the country aims to construct over 1,500 km of free highways.

At present, Iran has over 2,400 km of freeways, which are expected to increase to over 4,000 km by the end of 2020. Additionally, the country seeks to support knowledge-oriented enterprises for new and advanced technology development. The aim is to achieve a 4% research and development (R&D) contribution to the country's gross domestic product (GDP).

Key Topics Covered:

1. Executive Summary

2. Research Scope, Objectives, Background, And Methodology

3. Key Country Facts

4. Automotive Sector-Basic Indicators

5. Market Structure

6. Pricing

7. Special Focus-Passenger Vehicles: Sales And Aftersales Services Market

8. Competitor Analysis

9. Growth Opportunities And Companies To Action

10. Conclusions And Future Outlook

11. Appendix

Companies Mentioned

  • Bahman
  • Iran Khodro
  • Oghab Afshan
  • Otokar
  • Saipa

For more information about this report visit https://www.researchandmarkets.com/research/74jjfz/iranian?w=4

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Related Topics: Automotive

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Automotive