Long-term growth for Russian CV market certain
Though business in Russia might be difficult at the moment, many international commercial vehicle manufacturers and suppliers see great potential in this market over the long term. Hence the great importance attached to COMTRANS 2015, the international commercial vehicle trade show, scheduled to be held in Moscow during September 8-12.
In fact, Russia is considered one of the most important growth markets, particularly for commercial vehicles. With approximately 114,000 trucks of over six tons in total weight sold, the country was the world’s seventh largest commercial vehicle market in 2013. Through joint ventures and investments in sales and service networks as well as in their own production facilities, Western European commercial vehicle manufacturers have steadily been expanding their market share in Russia in recent years.
The so-called Big7 – Daimler, Volvo, MAN, Scania, DAF, Iveco and Renault Trucks – have already secured a permanent place in the Russian market, with a joint market share of around 30 per cent. Trailer manufacturers like Schmitz Cargobull, Krone and Kögel as well as international component manufacturers like ZF, Jost and Knorr-Bremse have also established themselves in Russia.