NEW YORK, July 30, 2015 /PRNewswire/ -- Qatar, an oil-based economy, is one of the richest countries with GDP per capita being the highest in the world. With a population of only about 2.17 million, out of which almost 80% comprises expatriates, Qatar has the highest human development index amongst the Arab countries. With considerable demand for commercial vehicles emanating from oil as well as non-oil sectors, the commercial vehicle sales in the country have been witnessing growth over the last five years. The Government of Qatar is also increasing its focus on boosting the country's tourism industry, which is catapulting demand for commercial buses in the country. According to the Qatar National Vision-2030, the Government of Qatar is aiming at transforming Qatar into a leading urban settlement by 2030, which would result in continuing growth in construction activities in the country, thereby propelling demand for commercial vehicles over the next decade.
According to "Qatar Commercial Vehicles Market Forecast & Opportunities, 2020", the market for commercial vehicles in Qatar is forecast to increase at a CAGR of over 13% during 2015-20. Rising number of development projects coupled with growing building and construction activities is anticipated to drive the demand for medium and heavy commercial vehicles over the next few years. Moreover, hosting of FIFA World Cup-2022 by Qatar is also expected to fuel the need for sustainable infrastructure for accommodating large number of incoming tourists and sports enthusiasts in the country. This is expected to positively influence the sales of MHCVs as well as buses in coming years. "Qatar Commercial Vehicles Market Forecast & Opportunities, 2020" discusses the following aspects about commercial vehicles market in Qatar:
- Qatar Commercial Vehicles Market Size, Share & Forecast
- Segmental Analysis – Light Commercial Vehicles, Medium-Heavy Commercial Vehicles & Buses
- Policy & Regulatory Landscape
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
- To gain an in-depth understanding of commercial vehicle market in Qatar
- To help industry consultants, automotive manufacturers and other stakeholders align their market-centric strategies
- To obtain research based business decision and add weight to presentations and marketing material
- To gain competitive knowledge of leading players
- To identify the on-going trends, and anticipated growth over the next five years
- To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer's specific needs
The information contained in this report is based on both primary and secondary sources. Primary research included interviews with automotive distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
Read the full report: http://www.reportlinker.com/p02875629-summary/view-report.html
ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: email@example.com
Intl: +1 339-368-6001