LONDON, May 19, 2016 /PRNewswire/ -- Algeria is the tenth largest country in the world in terms of land area and also the largest in Middle East and North Africa. Over the last decade, Algerian government has been increasing its focus on making infrastructure investments for development of ports, commercial sector, roadways and housing projects in the country. The government has also been working on improving the policy environment to attract foreign investments for increasing the pace of infrastructure development in the country. These initiatives are projected to drive demand for commercial vehicles in the country over the course of next decade. Increasing commercialization and the need for addressing growing transportation requirements of the country are also driving demand for buses and vans in Algeria.
According to TechSci Research report, "Algeria Commercial Vehicles Market Forecast & Opportunities, 2020", commercial vehicles market in Algeria is forecast to grow at a CAGR of 7.5% during 2015-20. In 2014, Vans garnered the largest share in the country's commercial vehicles market due to their multi-purpose use, efficient point-to-point transport in congested regions and better utility in desert regions. However, truck sales have also been increasing in the country on account of growing infrastructure, consistent demand from oil and gas sector and ban on imports of used trucks in Algeria. Heavy-duty truck segment is expected to exhibit highest growth amongst all truck segments over the next five years. Bus market in Algeria is also poised to grow at a healthy pace backed by the government's increasing focus towards strengthening public transport infrastructure in the country. "Algeria Commercial Vehicles Market Forecast & Opportunities, 2020" discusses the following aspects about commercial vehicles market in Algeria:
- Algeria Commercial Vehicles Market Size, Share and Forecast
- Segmental Analysis – By Vehicle Type (Truck, Bus and Van)
- Policy & Regulatory Landscape
- Changing Market Trends and Emerging Opportunities
- Competitive Landscape and Strategic Recommendations
Why You Should Buy This Report?
- To gain an in-depth understanding of Commercial Vehicles Market in Algeria
- To identify the on-going trends and anticipated growth in the coming years
- To help industry consultants, automotive companies, distributors, dealers and other stakeholders to align their market-centric strategies
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The information contained in this report is based on both primary and secondary sources. Primary research included interviews with commercial vehicle companies and distributors. Secondary research included an exhaustive search of relevant publications like annual reports, financial reports and proprietary databases.
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