With the revolution that led to the fall of the Gaddafi-regime, foreign investors have become aware of Libya as an attractive place for investment.
In fact, Libya is the wealthiest country in North Africa and the only one with a constant budget surplus. Through its oil-resources Libya has a very good position to generate cash over the course of the next decades. The Libyan population, a little more than 6 mio., is wealthy compared to its neighbours and Libya has been a place for foreign workers to go to in order to find jobs.
However, after the Gaddafi area, various ethnic groups are trying to gain power. So far, religious tension is very limited. Libya, however, has not yet achieved stability (political, ethnical, budgetary) and remains a difficult yet promising market.
Due to the wealth of the public and private sector, Libya’s automotive market is very interesting. The market, so far, is underdeveloped and underserved in every aspect. There is almost no automotive industry with the exception of an Iveco-JV with the Libyan government and a state-owned trailer-factory. There is a very limited number of suppliers for simple parts. Everything else is imported.
There is a limited number of OEM present in Libya through local distributors. The new passenger car market as well as the new commercial vehicle market is not developed well. With more stability and a growing economy there are excellent chances for OEM to gain a significant market share.
The aftermarket is very fragmented and also original service is only offered in major cities. The parts market is dominated by smaller importers and distributors selling partly original parts and partly counterfeits. With one of the highest car penetrations in Africa, the Libyan aftermarket is very promising.
The Libyan automotive market is not well covered statistically. Government institutions basically broke down after the revolution. Before that, most numbers were used to support Gaddafi’s policy. None of these numbers are reliable. In order to carry out the market research we had to perform substantial primary research all over Libya (interviews, car counts, ports visits, etc.).
In addition, Libya is used as a transit country to more Southern countries in Africa like Niger and Chad as well as to Egypt and Algeria and Tunesia. These borders are not well controlled and statistical matters are not very relevant. For example, the massive influx of used cars into Libya is only partly consumed in Libya itself but mostly channelled through Libya into more Southern countries.
Given the status of the Libyan automotive market, the following sectors are highly attractive
1. Aftermarket in general, especially
2. Provision of independent, professional service
3. Spare parts import and sales business.
The research report Libyan Automotive Market, 2013 – 2020 analyses in-depth the situation in Libya. The report can be ordered directly at Globis Consulting:
The report is in ppt-format and covers passenger cars as well as commercial vehicles.
Table of Content Report Libyan Automotive Market 2013-2020
Executive Summary: Current State of the Libyan Automotive Market 2
SWOT-Analysis Libyan Automotive Market 3
Overview Economy 4
Libyan Population and Households 7
Distribution of Libyan Population 8
GDP and GDP per capita of Libya 9
Income Distribution of Libyan Households 10
Libyan Automotive Market 11
Car Penetration in Libya and North Africa 15
Import Structure Passenger Cars 16
Commercial Vehicle Density in Comparison 18
Commercial Vehicle Imports by Segment 19
Road Tractor Imports by Country 20
Trailer Imports by Type of Trailer 21
Spare Parts Imports by Type 22
Major Ports of Libya 23
Sample Cost Break-Down of Importing to Libya 24
Libyan Passenger Car Market 25
General Conditions 26
Passenger Car Fleet 2010-2020 27
Passenger Car Fleet by Brand 28
Passenger Car Fleet by Age 29
Passenger Car Fleet by Segment 30
Passenger Car Sales 2010-2020 31
Used Passenger Car Imports 2010-2020 32
Sales and Workshop Network by Brand in Libya 33
Libyan Passenger Car Aftermarket 35
Libyan Commercial Vehicle Market 37
General Conditions 38
Commercial Vehicle Fleet by Segment 39
Pick-Up Fleet by Brand 40
Pick-Up Sales 2010-2020 41
Van Fleet by Brand 42
Van Sales 2010-2020 43
LCV / MCV Fleet by Brand 44
LCV / MCV Sales 2010-2020 45
HCV Fleet by Brand 46
HCV / Road Tractor Sales 2010-2020 47
Trailer Sales 2010-2020 48
Trailer Manufacturer Libya 49
Commercial Vehicle Sales and Service Network Libya 50