According to our new research report - “Booming Russian Automobile Sector” - the Russian automotive industry is growing at a fast pace and emerging as one of the most competitive and dynamic industries at the world level. Government initiatives and incentives are filliping the industry and attracting the foreign players to the market. These foreign auto giants are establishing their car assembly lines in the country and capturing the domestic market.
Passenger car segment dominates the domestic market of Russia and is expanding due to increasing disposable income and low interest rate. This will further act as an attractant for the foreign investors to invest in the industry.
We expect that more foreign auto giants will enter the market in future to fill the demand and supply gap. At present, a large section of passenger car demand is satisfied by new imports and its share will grow in future as Russians are looking for latest technology and new designs. The commercial vehicle market will be dominated by the Light Commercial Vehicle (LCV) segment. The major part of this high demand will come from growing small- and medium-scale businesses, coupled with increasing income.
The report provides exhaustive and extensive research on the burgeoning automobile industry of Russia. It defines the market structure and growth, discusses the market drivers, analyzes the future growth areas, and studies the various parameters of the market.
Key findings of “Booming Russian Automobile Sector” include:
- Sales of passenger cars in Russia are forecasted to reach about 5.9 Million Units by 2012.
- The commercial vehicle market is projected to increase at a CAGR around 14% during 2008-2012.
- The Russian government is establishing Greenfield sites to attract foreign players.
- The stock of passenger car per 1,000 people is expected to cross 300 Units by 2012, reflecting the vast potential this market has.
- In the used passenger car market, the Russian used cars accounted for about 86.9% share in 2007.
- There is a high scope for growth of automotive component industry and dealership network in Russia.
Key questions answered in the report:
- What is the market size of the Russian automotive industry?
- Where does the Russian automotive market stands at global level?
- What are the major segments in the market and what is their growth potential?
- What are the growth prospects for the market in near future?
- Which factors are driving the market?
- What are the opportunities and constraints for automobile manufacturers?
- What is the automobile production landscape of domestic and foreign players?
- Who are the major domestic and foreign players in the market?
Information in the report has been sourced from:
Authentic and reliable sources like books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Research methodology used in the report:
RNCOS industry forecast and analysis is based on various macro and microeconomic factors, sector and industry specific databases and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.
Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.
For more detail visit :- http://www.automobilenews.net/Report/IM551.htm
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By: automobilenews | 06/05/2009 | AutomotiveAccording to our new research report - Booming Russian Automobile Sector - the Russian automotive industry is growing at a fast pace and emerging as one of the most competitive and dynamic industries at the world level.