Russia's Commercial Vehicle Market Worth $6 Billion by 2021 - Growth Driven by Government Initiatives & Subsidies - Research and Markets
Research and Markets has announced the addition of the "Russia
Commercial Vehicle Market By Vehicle Type (Truck, Bus & Van),
Competition Forecast and Opportunities, 2011-2021" report to
their offering.
The country's commercial vehicle market is projected to surpass $ 6
billion by 2021. Initiatives and subsidies provided by the government of
Russia to promote adoption of alternate fuels such as natural gas and
electric power, coupled with rapid infrastructure development are
expected to positively influence the commercial vehicle market in the
country during 2016-2021.
Economic and political uncertainty in Russia have hindered growth of
commercial vehicle market over the last five years. Western sanctions
imposed on Russia over Ukraine crisis led to a steep decline in the
country's commercial vehicle market.
Despite these adversities and restriction on fund inflows from the
European Bank for Reconstruction and Development (EBRD), Russia is now
following Public-Private Partnership (PPP) model to finance
infrastructure projects in the country. This move is expected to induce
a positive impact on the commercial vehicle market in the country over
the next five years.
Moreover, the country is expected to witness higher economic as well as
political stability post mid-2016, with government taking various
initiatives to resolve issues posed by Western sanctions. Consequently,
Russia commercial vehicle market is expected to growth during the
forecast period.
Companies Mentioned:
-
Daimler KAMAZ Rus LLC
-
GAZ (Gorkovsky Avtomobilny Zavod)
-
Hino Motors Seyls
-
JSC Isuzu Rus
-
KAMAZ Open Joint Stock Company
-
Mercedes Benz Trucks Vostok
-
OOO MAN Truck and Bus Rus
-
Scania Rus
-
URAL Automobile Works JSC
-
Volvo Trucks Russia
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Analyst View
4. Russia Automotive Market Overview
5. Russia Commercial Vehicles Market Outlook
6. Russia Truck Market Outlook
7. Russia Bus Market Outlook
8. Russia Van Market Outlook
9. Market Dynamics
10. Market Trends & Developments
11. Policy & Regulatory Landscape
12. Import Duty Structure
13. Russia Economic Outlook
14. Competitive Landscape
15. Strategic Recommendations
For more information visit http://www.researchandmarkets.com/research/ktfgnr/russia_commercial
View source version on businesswire.com: http://www.businesswire.com/news/home/20160719006056/en/
Copyright Business Wire 2016
Source: Business Wire
(July 19, 2016 - 10:20 AM EDT)
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