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RNCOS releases Report on Booming Russian Automobile Sector
The leading market research company RNCOS has recently released its study
"Booming Russian Automobile Sector". The market research gives an overview
of the global automobile industry keeping Russian automobile industry at its
core.
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The Russian industry has been defined in detail covering its current
landscape and future outlook. The future growth of passenger car segment is
further fragmented into foreign and Russian branded cars. It also helps the
clients to analyze the leading-edge opportunities and driving factors
critical for the success of Russian automobile industry.
Market Analysis
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.
Research Highlights
- Increasing disposable income of Russian population has made the consumers
to go for higher segment cars in Russia.
- Russian tourism industry is also escalating the demand for cars.
- Low car penetration rate in Russia indicates a huge market is still
untapped for passenger segment.
- 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.
- Automobile industry is going to create a huge make for industries like
steel, plastic, and motor insurance in Russia.
- With the rising environmental concerns, the demand for hybrid cars will
pick up momentum in the country.
Key Issues and Facts Analyzed
- Automobile production at global level as well as at regional level for
2006.
- Global and region-wise automobile sales during 2005 and 2006.
- Sales of passenger cars in different regions during 2005.
- Automobile production by domestic and foreign manufacturers by types.
- Import of new and second hand foreign branded cars.
- Top selling foreign brands in the country in 2006.
- Sale of passenger car by price segment in 2006.
- Driving factors for the Russian automobile industry.
- Opportunities and constraints for the automobile manufacturers.
Research Methodology Used
Information Sources
The information in the report has been taken from various credible sources like books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Methods
The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting and cause and effect analysis.
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
For more information visit: http://www.rncos.com/Report/IM551.htm
Current Industry News: http://www.rncos.com/Blog/
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Investorideas.com® or any of the industry sector portals cannot assure accuracy of the research presented. Investors are encouraged to research and verify facts and under no circumstances is Investorideas.com® endorsing the content as a recommendation to buy or sell stock.
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