Russia is becoming next major vehicle market after China and India
Released on = September 13, 2006, 2:16 am
Press Release Author = Bharat Book Bureau
Industry = Automotive
Press Release Summary = Mumbai, India - Sept 11 - With a gigantic landmass, rich natural resources, and a location close to many major markets of Europe, Russia is a massive vehicle market waiting to happen, with the potential for developing both a large domestic market, as well as becoming a major exporter of vehicles.
Press Release Body = Russia Strategic Market Profile
Some analysts predict that Russia could follow China and India as the next major vehicle market, and it\'s easy to understand why. With a gigantic landmass, rich natural resources, and a location close to many major markets of Europe, Russia is a massive vehicle market waiting to happen, with the potential for developing both a large domestic market, as well as becoming a major exporter of vehicles.
But there are many problems to overcome first. Progress made since the fall of the Soviet Union has been variable, and has not yet produced the expected political and economic stability necessary for sustained growth. Recent corporate scandals are considered symptomatic of the way the country is managed and are a disincentive to major inward investment.
Yet there is little doubt that there will be a ready domestic and export market for good quality vehicles sold at the right price. The Russia Strategic Market Profile, a brand-new forecast of automotive and related activity in the Russian Federation to 2020, puts numbers on the size of that potential market.
Russia Strategic Market Profile is based on Max Pemberton\'s unique relational long-term forecasting model, Russia Strategic Market Profile forecasts car and CV sales, demographics, materials usage, auto industry employment, and explains their inter-relation with detailed analysis.
Russia Strategic Market Profile contains over 40 pages of analysis and 70+ graphs and tables, it is the newest and most detailed long-term forecast on the Russian market available anywhere. The profile is available in a flexible online format, in PDF, or in print.
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