Navi Mumbai, Maharashtra India (PressExposure) September 27, 2007 -- Bharat Book Bureau, a leading market information distributor has tabled a report Presents - Booming Russian Automobile Sector [http://www.bharatbook.com/detail.asp?id=53022]
âBooming Russian Automobile Sectorâ report by RNCOS has been made to give an overview of global automobile industry keeping Russian automobile industry at its core. The report presents the current picture of the global automobile industry as well as evaluates the region-wise production and sales of the industry. However, the report has its focus on the Russian automobile industry. The Russian industry has been defined in detail covering its current landscape and future outlook (like car penetration, new passenger car registration, and passenger car sales for the period 2007-2010). It also helps the clients to analyze the leading-edge opportunities and the driving factors that are critical for the success of Russian automobile industry. The future growth of passenger car segment is further fragmented in foreign branded and Russian passenger car. However, the forecast of different segment are not based on an intricate economic model but has been done by correlating its past and present performance. The above-mentioned tools would help the potential investors to plot a route through the evolving market of Russian automobiles.
The ongoing economic development in many parts of the world is spurring fast growth in global automobile industry. In the year 2006, the worldwide automobile production increased by around 4% from the previous growth of 3.1% in 2005. Region-wise, Europe was next only to Asia-Oceania in terms of automobile production in 2006.
In 2006, Russia became the fifth largest passenger car selling country in Europe. The Russian automobile industry represents the Russian manufacturing sector condition and ripeness of a modern purchaser. Russian automobile sector emerged as the one of the most dynamically growing in the world. Increasing customer awareness and shooting demand for international quality and performance out of local-made products has changed the former structure of Russian automobile industry and now more manufacturers are focused on foreign branded automobile production. As for future, Russia's entry to the World Trade Organization in 2007 will have a significant impact on the market and foreign players will be benefited from it.
Â§ Increasing disposable income of Russian population has made the consumers to go for higher segment cars in Russia. Â§ Russian tourism industry is also escalating the demand for cars. Â§ Low car penetration rate in Russia indicates a huge market is still untapped for passenger segment. Â§ More awareness and rising demand for more features and technology is paving the path for the foreign players, but it is also increasing the competition for domestic players. Â§ Automobile industry is going to create a huge make for industries like steel, plastic, and motor insurance in Russia. Â§ With the rising environmental concerns, the demand for hybrid cars will pick up momentum in the country.
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