Report Summary
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:
Our 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.
Report Outline
1. Analyst View
2. Growth Contributors
2.1 Increasing Availability of Loans
2.2 Affluent Population
2.3 Booming Economy
2.4 Government Initiatives
2.5 New Vehicle Requirement
3. Russian Automobile Market in Global Context
4. Russian Automobile Market
4.1 Production
4.1.1 Passenger Cars
4.1.2 Commercial Vehicles
4.1.3 Tractive Units
4.1.4 Buses
4.2 Sales
4.2.1 Passenger Cars
4.2.2 Commercial Vehicles
4.3 Automobile Trade Market
4.4 Automotive Component Market & Future Outlook
5. Industry Analysis
5.1 Growth Prospects
5.1.1 Untapped Passenger Car Market
5.1.2 Dealership Network
5.1.3 Motor Insurance
5.1.4 Tyre Industry
5.1.5 Alternative Fuel Vehicles
5.2 Growth Roadblocks
5.2.1 Improper Supply Chain
5.2.2 Issues in Establishing Assembly Facilities
5.2.3 Scarcity of Quality Labor
5.2.4 Shrinking Market Share of Domestic Players
6. Key Players
6.1 AVTOVAZ OAO
6.2 GAZ Group
6.3 KAMAZ OAO
6.4 General Motors
6.5 Renault SA
6.6 Hyundai Motor Company
Figures
Figure 2-1: Russia - Auto Loans (in Billion US$). 2002-2007
Figure 2-2: Russia - Share of Cars Purchased on Credit (%), 2002-2007
Figure 2-3: Russia - Lending Interest Rate (%), 2002, 2007 & 2012
Figure 2-4: Russia - Number of High Earning Households (in ‘000), 2002, 2007 & 2012
Figure 2-5: Russia - Per Head Personal Disposable Income (in US$), 2002, 2007 & 2012
Figure 2-6: Russia - Nominal GDP (in Billion US$), 2002, 2007 & 2012
Figure 2-7: Russia - Market Share of Old* Vehicles (%), 2007
Figure 3-1: Russia & Global - Passenger Car Sales (in Million Units), 2007
Figure 3-2: Russia - Passenger Car Sales w.r.t. Top Four European Countries (in Million Units), 2008
Figure 3-3: Russia - Passenger Car Ownership w.r.t. Leading Countries (per ‘000 People), 2007
Figure 3-4: Europe - Growth Rate of Top Five Passenger Car Producing Countries (%), 2007
Figure 4-1: Russia - Automobile Production by Region (%), 2007
Figure 4-2: Russia - Passenger Car Production (in ’000 Units), 2005-2007
Figure 4-3: Russia - Passenger Car Production by Russian & Foreign Brands (in ‘000 Units), 2005-2007
Figure 4-4: Russia - Top Ten Passenger Car Brands by Production (%), 2007
Figure 4-5: Russia - Commercial Vehicle Production* (in ‘000 Units), 2005-2007
Figure 4-6: Russia - Commercial Vehicle Production by Carrying Capacity (%), 2007
Figure 4-7: Russia - Commercial Vehicle Production* by Russian Brands (in ‘000 Units), 2005-2007
Figure 4-8: Russia - Commercial Vehicle Production* by Foreign Brands (in Units), 2005-2007
Figure 4-9: Russia - LCV Production* by Russian Brands (in ‘000 Units), 2005-2007
Figure 4-10: Russia - LCV Production* by Foreign Brands (in Units), 2005-2007
Figure 4-11: Russia - MCV Production* by Russian Brands (in ‘000 Units), 2005-2007
Figure 4-12: Russia - MCV Production* by Foreign Brands (in Units), 2005-2007
Figure 4-13: Russia - HCV Production* by Russian Brands (in ‘000 Units), 2005-2007
Figure 4-14: Russia - HCV Production by Foreign Brands (in Units), 2005-2007
Figure 4-15: Russia - Agricultural Machinery Production by Russian Brands (in Units), 2005-2007
Figure 4-16: Russia - Bus Production (in Units), 2005-2007
Figure 4-17: Russia - Bus Production by Type (%), 2007
Figure 4-18: Russia - Bus Production by Russian Brands (in ‘000 Units), 2005-2007
Figure 4-19: Russia - Bus Production by Foreign Brands (in Units), 2005-2007
Figure 4-20: Russia - Mini Bus Production by Russian Brands (in ‘000 Units), 2005-2007
Figure 4-21: Russia - Mini Bus Production by Foreign Brands (in Units), 2005-2007
Figure 4-22: Russia - City Bus Production by Russian Brands (in Units), 2005-2007
Figure 4-23: Russia - City Bus Production by Foreign Brands (in Units), 2005-2007
Figure 4-24: Russia - Suburban Bus Production by Russian Brands (in ‘000 Units), 2005-2007
Figure 4-25: Russia - Passenger Car Sales (in ‘000 Units), 2004-2007
Figure 4-26: Russia - Passenger Car Sales (in Billion US$), 2004-2007
Figure 4-27: Russia - Passenger Car Market Structure (%), 2001 & 2007
Figure 4-28: Russia - New Passenger Car Sales (in ‘000 Units), 2004-2007
Figure 4-29: Russia - New Passenger Car Sales (in Billion US$), 2004-2007
Figure 4-30: Russia - Passenger Car Sales by Price Segment (%), 2005 & 2007
Figure 4-31: Russia - Forecast for Passenger Car Sales (in ‘000 Units), 2008-2012
Figure 4-32: Russia - Commercial Vehicle Sales (in ‘000 Units), 2004-2007
Figure 4-33: Russia - Commercial Vehicle Sales by Category (%), 2007
Figure 4-34: Russia - Forecast for Commercial Vehicle Sales (in ‘000 Units), 2008-2012
Figure 4-35: Russia - LCV Sales (in ‘000 Units), 2004-2007
Figure 4-36: Russia - Forecast for LCV Sales (in ‘000 Units), 2008-2012
Figure 4-37: Russia - MCV Sales (in ‘000 Units), 2004-2007
Figure 4-38: Russia - MCV Sales by Category (%), 2006
Figure 4-39: Russia - Forecast for MCV Sales (in ‘000 Units), 2008-2012
Figure 4-40: Russia - HCV Sales (in ‘000 Units), 2004-2007
Figure 4-41: Russia - HCV Sales by Category (%), 2006
Figure 4-42: Russia - Forecast for HCV Sales (in ‘000 Units), 2008-2012
Figure 4-43: Russia - Automobile Export* (in ‘000 Units), 2001-2006
Figure 4-44: Russia - Automobile Export (in Million US$), 2005-2007
Figure 4-45: Russia - Passenger Car Import (in ‘000 Units), 2003-2007
Figure 4-46: Russia - Passenger Car Import* by Country (%), 2007
Figure 4-47: Russia - New Foreign Passenger Car Import (in ‘000 Units), 2003-2007
Figure 4-48: Russia - New Passenger Car Import (in Billion US$), 2002-2007
Figure 4-49: Russia - Used Foreign Passenger Car Import (in ‘000 Units), 2003-2007
Figure 4-50: Russia - Automotive Component Market Structure (%), 2007
Figure 4-51: Russia - Automotive Component Market by Russian & Foreign Brands (%), 2007
Figure 4-52: Russia - Primary Automotive Component Production for Russia-made Foreign Brands (in Million US$), 2007 & 2012
Figure 4-53: Russia - Secondary Automotive Component Market by Russian & Foreign Brands (in Billion US$), 2007 & 2012
Figure 4-54: Russia - Forecast for Used Passenger Car Market by Segment (in ‘000 Units), 2008-2012
Figure 5-1: Russia - Forecast for Passenger Car Ownership (per ‘000 People), 2008-2012
Figure 5-2: Russia - CMTPL Insurance Premium (in Billion US$), 2005-2007
Figure 5-3: Russia - Tyre Market by Manufacturer (%), 2007
Figure 5-4: Russia - Tyre Production (in Million Units), 2004-2007 & 2010
Tables
Table 4-1: Russia - Passenger Car Production by Russian Brands (in Units), 2005-2007
Table 4-2: Russia - Passenger Car Production by Foreign Brands (in Units), 2005-2007
Table 4-3: Russia - Top Foreign Passenger Car Sellers by Model (in Units), 2007
Table 6-1: AVTOVAZ OAO - Strengths & Weaknesses
Table 6-2: GAZ Group - Strengths & Weaknesses
Table 6-3: KAMAZ OAO - Strengths & Weaknesses
Table 6-4: General Motors - Strengths & Weaknesses
Table 6-5: Renault SA - Strengths & Weaknesses
Table 6-6: Hyundai Motor Company - Strengths & Weaknesses