The magnitude of the Russian car components market has exceeded $22.5 million

The magnitude of the Russian car components market has exceeded $22.5 million

Autostat – The volume of the Russian vehicle park, formed of more than 1000 models -some of which have several generations- and tens of thousands of modifications, is heading towards the 40 million vehicles mark (+6.5%). This situation brings along a wide spectrum of components diversity and a high volume market. According to Autostat’s assessment, the volume of Russian car components and spare parts market reached 900 million units in 2013. The monetary value of the aforementioned amount is $22.5 billion (+10%). The assessment also includes the 2013 sales figures of different components in the country: 35 million tyres, 294 million litres of liquids and 6.65 million car batteries.

The Autostat General Director: Sergei Udalov has drawn attention to the fact that the expected 3.5%-4.5% rate of growth in the vehicle park in the forthcoming years will also make a positive impact on the components market. Udalov predicts that 950 million units will be sold in the components market in 2014. This amount is equivalent to $24 billion in monetary terms.