06 Mar 08 Production of Trucks in Russia to Grow

The predictions on doubling of heavy truck production in Russia in 2007 tuned out to be mostly correct. Still, the dynamic growth of sales failed to satisfy the demand - customers had to wait for order execution for months.

The market leaders are now trying to keep and strengthen their positions by expanding Russian production. The growth of Russian economy and construction boom fuel the trucks fleet growth. According to Abarus Market Research, in 2007 total truck market in Russia totaled 327,600 vehicles, a 26% growth as compared with 2006. Heavy truck market grew even faster. Until last year more than half of the market needs was covered by KAMAZ products. In 2007, the demand surpassed the production growth, which translated into changes in the market structure. As a result, 55.6% of heavy trucks were imported from other countries.

Tags: heavy trucks