Passenger Cars to Drive the Russian Automobile Market
Improving disposable income along with continuously increasing demand will drive the growth of Russian automobile industry to grow at a CAGR of around 32% during 2011-2014, says RNCOS.
- (1888PressRelease) March 29, 2011 - According to our research report "Booming Russian Automobile Sector", the automobile industry in Russia witnessed a sharp recovery during 2010 after the global slowdown that hit the industry hard in 2009. The industry grew in double digits due to increasing spending power of citizens and the government participation. The sector is fast approaching the top spots in the growth chart. The country will become a notable competitive territory for the global automobile players in coming years. The Russian automobile industry will prove to be a locomotive for the global automobile industry with an expected growth of over 32% during 2011-2014.
According to our research, the country will observe growth in all sub segments of the market, however the primary driver for overall market will be passenger car segment. Along with this segment, activity in commercial vehicles, i.e. trucks and buses will also sustain upward growth trend in the coming years. International export and import activities will also change substantially on the back of reasons discussed in the report.
Further, our report provides thorough research and prudent analysis to determine the direction, in which, the automobile and supplementary industries like tyre and automotive components are likely to move in the next few years. The report also features forecast for growth in all market segments, individually, both in terms of sales and production. It also includes changing dynamics of market share among market players and brands. Besides, our report provides the regulatory developments in the country's automobile industry.
"Booming Russian Automobile Sector", provides latest developments in the automobile sector of Russia. The report discusses all important facets of the industry in detail. Besides, the report analyzes the market drivers critical for the further growth and their impact on the automobile industry. Additionally, the report features business description of key players along with their recent activities. It also sheds light on the emerging market opportunities, which are expected to decide the future of the Russian automobile industry.
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