The country is recovering and growing rapidly. After experiencing collapse during the civil war, the automotive market in Iraq has been recovering with rapid acceleration, reaching 76,700 units sold in 2019 (47.50% YoY growth).
Automotive is one of the country's priorities for key revenue generators for Iraq. Strong domestic demand is also driving domestic and foreign OEM manufacturers to expand their production bases in Iraq. It is one of the fastest-growing automobile markets in the region, supported by labour availability, R&D development, geographical advantage, and government support.
Our automotive consultants at Market Research Iraq will provide automotive and mobility advisory services in a wide range of segments, including commercial and passenger vehicles, automotive digitization, development of electric and smart vehicles, , lubricants, aftermarket and servicing, and many more. We are dedicated to helping automotive players to enter, grow, and win in the local market.