Fuelled by booming economy and political stability, the automotive industry in Russia has grown at an exemplary speed in the recent years. With the production of 120mn vehicles in 2005, Russia was ranked as the thirteenth largest manufacturer of vehicles in the world. Backed by the booming economy, there has been a sudden boost in the demand for brand-new domestic as well as foreign make vehicles, which has almost clean swept the foreign used cars market in Russia.
As per our Industry research analysts, the growth in the demand of foreign brand vehicles has gone far beyond the best of the predictions made by them. In the long term, Russia shall be a prominent market for both production and sale of automobiles. As per our research, sale of new cars will reach 2.3 million in Russia by 2014. Also, a number of international suppliers shall have their presence in the country.
During 2005, the global automotive market demonstrated a consecutive seven-year expansion. Our experts estimate that, in 2006, there will be a slow down in this constant growth but this phase wouldn’t be long lasting. With emerging economies playing a powerful role in the growth, the market will recapture its present escalation rate in 2007.
- Comprehensive analysis of the various segments & the structural changes occurring in Russian automotive industry.
- Influence of government policies and reforms on the industry.
- Future projections about the automotive industry in Russia.
- Discussion about the opportunities & challenges in the industry.
- Profiles of key players in automotive sector.
The report “Russian Automotive Industry Forecast (2006-2011)” provides discussion about the global automotive industry. Detailed segment wise analysis of the automotive industry in Russia and also a comprehensive analysis of the strategies and plans adopted by key players have been covered. The report is of paramount importance for both investors as well as industry players.