RNCOS Releases Report on Booming Russian Automobile Sector

Delhi, India, January 18, 2008 --(PR.com)-- 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.

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 has been compiled from authentic and reliable 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 Method

Methods like historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis have been used in the report for a prudent 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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