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The Future of the Algerian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2017 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain a market share in the Algerian defense industry.
What is the current market landscape and what is changing?
Despite its challenges, Algeria remains one of Africa’s most attractive defense markets, with a defense spending capability that is expected to increase in the forecast period primarily owing to increased energy exports and an arms race in the North African region. The country’s defense spending, which increased at a significant CAGR of 21.4% during the review period, is expected to stabilize during the forecast period, growing at a steady CAGR of 6.2% with the main aim of replacing most of its outdated military equipment. Furthermore, the opening up of Algeria’s market to suppliers other than those in Russia is expected to make it an exciting proposition for foreign companies looking to enter the market either through direct government-to-government deals or by establishing joint ventures and partnerships. During the forecast period, the Algerian government is expected to spend the majority of its capital expenditure on modernizing its army, navy and air force.
What are the key drivers behind recent market changes?
Counter-terrorism and counter-insurgency initiatives, and an urgent need to modernize outdated defense equipment are expected to drive Algeria’s defense expenditure. Algeria has witnessed growing instances of terrorism from Al-Qaeda and other Islamic militant organizations in the past. The recent attack on the In Amenas gas facility left 37 foreign workers dead and many more injured. This is seen as an attempt by Al-Qaeda affiliates and other jihadist outfits to render parts of Northern and Western Africa uninhabitable for westerners and create a political and economic impact on the region. Another factor driving Algeria’s defense procurements is the neglect the industry faced for many years. Historically, South Africa was the only major defense spender in the African region but in recent years, Algeria has assumed top position. The government has embarked on an intense modernization drive that is expected to benefit the army, navy, and air force.
What makes this report unique and essential to read?
The Future of the Algerian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2017 provides detailed analysis of the current industry size and growth expectations from 2013 to 2017, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
Key Features & Benefits
The report provides detailed analysis of the current industry size and growth expectations from 2013 to 2017, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
The report includes trend analysis of imports and exports, together with their implications and impact on the Algerian defense industry.
The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.
The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.
The report helps the reader to understand the competitive landscape of the defense industry in Algeria. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.
Key Market Issues
Algeria is prone to high levels of corruption in virtually all sectors of business activity. In December 2012 Sapiem, Europe's biggest oil services group came under investigation for alleged corruption in Algeria and faced massive fines for its dealings in the country. The Algerian defense industry is also marred by a lack of transparency in awarding defense contracts. While procurement is supposedly conducted as open competition, in reality personal relations and the country from which the supplier is from are considered to be influential in decision making. The Algerian government does not publicly announce its future procurement plans. All defense tenders are closed and are sent only to a few specific companies.
Over the last decade, Algeria has become an important country in the global defense market due to many factors one of which is its strategic location as a transit point from North Africa to Europe. Even though European contractors have an advantage in securing contracts due to legacy relationships and shared national requirements, the sheer lack of transparency makes it difficult for any supplier to strategically target the Algerian market. The process of weapons acquisitions poses a challenge to both the political and technical systems in Algeria. Moreover, until now, the government has not defined a formal offset policy which makes it increasingly difficult to develop the country’s indigenous manufacturing capabilities.
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