Strong Demand to Drive Russian Automobile Market

Improving economic conditions and increasing demand will drive growth of the Russian automobile industry to grow at a CAGR of around 32% during 2011-2014, says RNCOS.

Noida, India (prHWY.com) March 10, 2011 - According to our research report "Booming Russian Automobile Sector", the automobile industry in Russia has witnessed a sharp recovery during 2010, after the 2009 global slowdown that hit the industry hard. The industry grew in double digits due to the increasing spending power of citizens and the government participation in various forms. The sector is set for another rapid growth phase and will claim one of the top positions on world automobile growth map in coming years. The Russian automobile industry will prove to be a locomotive for global automobile industry with an expected growth of over 32% during 2011-2014.

According to our research, the country will witness a growing market for all sub segments of the market, however the primary driver for overall market will be passenger car segment. Besides this segment, activity in commercial vehicles, i.e. trucks and buses will 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 discusses the direction, in which, the automobile and supplementary industries, like tyre and automotive components are likely to move in near term. The report also features forecasts 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 presents information on 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 to 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.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM551.htm

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About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: russia automobile sector

Categories: Business

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