July 19, 2016 - 10:20 AM EDT
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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

Research and Markets
Laura Wood, Senior Manager
[email protected]
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Sector: Commercial Vehicles, Trucks

Source: Business Wire (July 19, 2016 - 10:20 AM EDT)

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