NEW YORK, Jan. 27, 2022 /PRNewswire/ -- The Libya passenger market is projected to expand at a volume CAGR of 6.1% over the forecast period of 2021-2031 to reach sales of more than 5.5 Mn units by 2031. New car sales are projected to increase at a value CAGR of 7.4% during the forecast period of 2021-31. "Increasing urbanization, popularity of SUVs, and ban on imports of certain used cars are expected to drive the market for passenger cars in Libya" says a Persistence Market Research analyst. Persistence Market Research, a research and consulting firm, has published a market research report on the passenger car market in Libya, which has industry analysis of 2016–2020 and opportunity assessment for 2021–2031. Related Reports:About Persistence Market Research:Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

Source: Libya Today January 27, 2022 18:08 UTC