Russia Light Vehicle Market - Segmented by Vehicle Type and Fuel Type - Growth, Trends, and Forecast (2018 - 2023)

Russia Light Vehicle Market - Segmented by Vehicle Type and Fuel Type - Growth, Trends, and Forecast (2018 - 2023)

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Russia light vehicle market is recovering with a steady pace after being negatively impacted by economic crisis till 2016. The decline in oil prices and the sanctions imposed on the country by the western nations hampered the growth of automotive industry in Russia. Consequently, the government hadn’t been able to attract FDI in the country due to complex geopolitical situations. The market witnessed an exponential sales downturn of 1.4 million units in 2015 from 3.1 million units in 2012.

The economic recovery and government programs have brightened the industry in 2017. The government made a major legislative reform in the policies by providing a breakthrough to the Public Private Partnership (PPP) mode of investments in the infrastructure sector. The country is about to host FIFA World Cup for which, Russia released a whooping budget for the construction of sports infrastructure and for transport improvement, which includes fleet renewal, and public transport. Hence, this is anticipated to boost the market of cars and light commercial vehicles. For instance, the sales of light vehicles registered a growth of 20.5% in the first quarter of 2018.

                                               

GAZ GROUP LEADS THE LIGHT COMMERCIAL VEHICLE SEGMENT

The leader of the market in light commercial vehicle segment GAZ group has been dominating the market with ~44% of market share. GAZ has sold 47,798 vehicles in 2017 with a growth of 14% from 2016. GAZelle Next was the best-selling truck model in 2017 with 25,779 units followed by UAZ 3909. GAZ group plans to increase the sales and production of the light commercial vehicle by 10% to meet the demand for the FIFA World Cup. But the production and export operations of the GAZ group remain in doubt after US imposed sanctions against its owner Oleg Deripaska, who is one of the seven businessman targeted by the US government. It is anticipated that these sanctions could also affect the trade between GAZ group and other countries.

The market study on Russia light vehicles is segmented into passenger cars and light commercial vehicles based on vehicle type; and gasoline and diesel based on fuel type. This study covers sales, production, trade analysis, and after-market analysis of the Russia light vehicle market.

Key developments:

  • April, 2018: Chinese Great Wall motors (GWM) planned to launch its production unit in the first quarter of 2019. With an initial production capacity of 80,000 vehicles, and later expanding till 150,000 vehicles by 2020, thereby creating 2500 jobs
  • March, 2018: GAZ group planned to significantly increase exports and expand its sales geography to 90 countries

Key industry players: Lada, Kia Motor Corporation, Hyundai motor company, Renault, Toyota Motor Corporation, GAZ group, UAZ, among others.

Reasons to Purchase this Report:

  • To study current and future market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Detailed analysis of the segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

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1. INTRODUCTION

                1.1 Scope of the Market

                1.2 Market Definition

                1.3 Executive Summary

2. RESEARCH METHODOLOGY

                2.1 Study Deliverables

                2.2 Study Assumptions

                2.3 Analysis Methodology

                2.4 Research Phases

3. MARKET INSIGHTS

                3.1 Current Market Scenario (2017 and 2018)

                3.2 Industry Attractiveness - Porter's Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Degree of Competition

                3.3 PESTEL Analysis

                3.4 Government Regulations and Incentives

                3.5 Trade Analysis

                3.6 Aftermarket Scenario

                3.7 Used Light Vehicle Market

                3.8 Technological Trends

4. MARKET DYNAMICS

                4.1 Drivers

                4.2 Restraints

                4.3 Opportunities

5. MARKET SEGMENTATION AND ANALYSIS (MARKET SIZE, GROWTH, AND FORECAST)

                5.1 By Vehicle Type

                                5.1.1 Passenger Cars

                                5.1.2 Light Commercial Vehicles

                5.2 By Fuel Type

                                5.2.1 Gasoline

                                5.2.2 Diesel

6. FUTURE OF THE MARKET

7. COMPETITVE LANDSCAPE

                7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

                7.2 Market Share Analysis**

                7.3 Strategies Adopted by Major Players

8. COMPANY PROFILES (OVERVIEW, FINANCIALS**, PRODUCTS & SERVICES, RECENT DEVELOPMENTS, AND ANALYST VIEW)

                8.1 Lada

                8.2 Kia Motor Corporation

                8.3 Hyundai Motor Company

                8.4 Renault

                8.5 Toyota Motor Corporation

                8.6 Volkswagen

                8.7 Nissan Motor Corporation

                8.8 Skoda Auto

                8.9 GAZ Group

                8.10 Ford Motor Company

                8.11 UAZ

                8.12 Mercedes-Benz

                8.13 Chevrolet

                8.14 BMW AG

                8.15 Mazda Motor Corporation

                *List not Exhaustive

9. Disclaimer

**Subject to Availability on Public Domain

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