Russian automotive market analysed

A study is to be produced on the results of an analysis of the Russian automotive market which is catching the attention of Korean, European, American, Japanese, and Chinese suppliers.

Frost and Sullivan provides an industry overview of its recently published study focusing on 'Strategic Analysis of the Russian Automotive Market: New Opportunities for the Global Players'.

Since its revival in 2003, the Russian automotive market has continued to catch the attention of foreign automotive players.

Korean, European, American, Japanese, and Chinese brands are engaged into growing competition across the industry for new customers in all segments, while Russian OEMs have demonstrated their inability to keep up with market growth and increase their sales.

At the same time, the Russian government has begun to stimulate the development of the automotive sector and is encouraging new vehicle and component OEMs to set up their production in Russia.

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The report provides insight into the dynamics guiding this market, and includes market challenges, drivers, restraints and avenues of opportunities for growth.

The purpose of this research is to gain a deeper understanding of the Russian automotive industry and its market revenue value.

"The Russian automotive market offers great opportunities to increase sales at a time when general sales are slowing down in Western Europe and the US.

At the moment, the Russian market is the right place to be for vehicle and auto component manufacturers, but it is also the right time to set up local assembly to support local sales growth," said Andriy Ivchenko, industry analyst for Frost and Sullivan's Automotive and Transportation Practice.

Given the high level of interest from vehicle and auto-component manufacturers in the business opportunities presented by emerging economies, and Russia in particular, Frost and Sullivan will host a one-day workshop on 14 June 2007, which is intended to highlight new opportunities in Russia, attract global automotive leaders and establish a creative dialogue with representatives of the Russian government.

Venue for the conference will be announced shortly.

* About Frost and Sullivan - Frost and Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years.

The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities.

Frost and Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

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