The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: The short-term outlook for new vehicle sales is poor. This remains primarily due to the
uncertain security situation, which has now seen most foreign automotive companies leave the market.
? We forecast a 13.6% growth in new vehicle sales, to reach over 30,000 units by 2020.
? Most foreign automotive companies have withdrawn their non-Libyan staff entirely from the country,
given the ongoing operational and security challenges in the North African state.
? If the security situation stabilises, then the local sales outlook would be better for commercial vehicles
than passenger cars, given the need for extensive reconstruction of infrastructure.
? Primarily Asian carmakers (Hyundai, Mazda and Toyota) maintain a local dealership presence.