Analysis of Automobile Industry in Iran Market Astonishing Growth with Top Influencing Key Players like Automobile Manufacturers, Iran Khodro Company, Pars Khodro

Latest research on Analysis of Automobile Industry in Iran Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Analysis of Automobile Industry in Iran market. This report included a special section on the Impact of COVID19. Also, Analysis of Automobile Industry in Iran Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Analysis of Automobile Industry in Iran industry.

Analysis of Automobile Industry in Iran market is growing at a CAGR of 5.3% during the forecast period (2021-2026).

The Analysis of Automobile Industry in Iran market is highly competitive and consists of a number of major players. Top Companies like Automobile Manufacturers, Iran Khodro Company, Pars Khodro, SAIPA Corporation, Renault Pars, Volkswagen Group, Hyundai Motor Company, Kia Motors Corporation

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Industry News And Developments:

In February 2018, Renault sold nearly 15,200 cars in Iran, which is an increase by 175% from the fiscal year 2017.

Scope of the Report

As Iran is one of the major vehicle manufacturing countries in the Middle-Eastern region, it exports its vehicles and spare parts to its neighboring countries. In 2012 Iran exported USD 520 million worth of automobiles and car components. However, in 2013 and 2014, the export situation became worse and it could only export USD 263 million and USD 243 million, respectively. There are several reasons for the drop, however, the key reasons include low quality and high prices.

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Key Market Trends

Passenger Car Sales Dominating the Iran Automobile Industry

The international sanctions have had a tremendous impact on the industrial development of many industries in the country. Iran, which is the largest automotive market in the Middle-East with a market of nearly one-third of the German automotive market, has seen a drop in the automotive industry with the implementation of the sanctions.

Eventually, the Iranian automotive industry became self-reliant and self-sufficient to supply for the demand within the country. The country had reached the potential to roll out more than a million vehicles. Ever since the implementation of the sanctions, the demand for vehicles is being met by the vehicles manufactured in the country only.

Decrease in Vehicle Production due to Imposed Sanctions

In 2016, the automotive industry manufactured more than 946,000 vehicles, which indicates a 38.7% growth year-on-year. After this surge in the automotive production, multinational companies started taking interest in investing in the country, followed by the nuke deal signed in January 2015, which had attracted attention to Iran’s automotive industry.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Analysis of Automobile Industry in Iran Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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