The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
BMI View: The inability of government to ramp up infrastructure spending as it imposes a strict austerity
policy will limit commercial vehicle sales, while the lack of funds available to the consumer due to low
wages and capital controls will drag on consumer spending and place downward pressure on passenger
vehicle sales. Total vehicle sales will grow to a subdued 85,216 units in 2016, below its 2004 peak level of
? Capital controls will continue to hamper vehicle sales as credit finance remains capped.
? Poor consumer sentiment will continue to hinder passenger vehicle sales beyond our 2016-2020 forecast
? Strict austerity measures, a subdued construction industry and a weak consumer outlook will impede