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Russian Automotive Industry showing 5-7% Annual Growth
May 30, 2006
In early 2006, Russia has had the same sales growth as in 2005 of nearly all world car brands. The market has been steadily growing in the past few years and is expected to continue to do so. There is an increasing demand for foreign models, which is mainly responsible for this growth.
Although Russian automotive industry stand to no comparison with the carmakers of US, Western Europe and Japan in terms of productivity, quality and customer service yet it has grown at an annual rate of 5-7% in the past few years.
Another point to note is that car ownership in Russia over the last decade increased 3.6 times to the present figure of 178 vehicles per 1,000 inhabitants. It is further expected that annual car sales will increase more than 2.33 million by 2014 jumping by almost 1.5 fold times from its position in 2004.
RNCOS has provided a detailed structural and distribution analysis of Russian car market in its recent market research report called “Russian Automotive Industry Forecast (2006-2011)”. In it predictions are made that –
- Sales of domestically manufactured cars will remain more or less consistent throughout 2005-2010.
- Russian assembled cars of foreign parts, which presently make a sale of 220,000 units, will further, gradually grow by 2010.
- Brand new imported cars will enter the Russian market and will escalate by 2010.
The research report “Russian Automotive Industry Forecast (2006-2011)” deals with some of the analysts’ important concerns –
- Cross section study of different segments and their structural changes occurring in Russian automotive industry.
- Impact of government policies and reforms on the industry.
- Future projections and recommendations about the automotive industry in Russia.
- Analysis of the prevailing opportunities and challenges in the industry.
- Profile of key participants in the Russian automotive sector.
The report also discusses about the world automotive industry much beneficial to the investors and industry players.
The market research report covers a Forecast and Analysis section, which provides the market sizing in detail along with a three-year forecast of the Russian automobile market divided into two parts – technology and feature.
For more information visit: http://www.rncos.com/Report/IM036.htm
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