Frost & Sullivan Identifies a New Frontier for the Light Vehicles Market

LONDON, Dec. 9, 2014 /PRNewswire/ --

Eastern Europe and Central Asia offer very interesting opportunities for the light vehicles sector which includes passenger cars and light commercial vehicles. A new Frost & Sullivan's study analyses this market in Kazakhstan, Uzbekistan, Ukraine, Azerbaijan, Belarus, Kyrgyzstan, Turkmenistan and Tajikistan, and finds that by 2021 the annual light vehicle sales volume in these eight countries is expected to reach nearly one million.

"The upward trend will be driven primarily by low vehicle density, old vehicle parc and booming economic activity supported by surging middle-class population," explains Anna Ozdelen, Consulting Analyst, Automotive & Transportation, at  Frost & Sullivan. "Kazakhstan, Uzbekistan and Ukraine are expected be top regional markets for automotive sales and production."

According to Frost & Sullivan, the top five markets (Kazakhstan, Uzbekistan, Ukraine, Azerbaijan and Belarus) will continue to account for 98 percent of light vehicles sales.  Kazakhstan will become a priority market for automotive investment being the gateway to the marketplace of Eurasian Economic Union, boasting surging demand in the domestic market as well.

"GM, Renault-Nissan, Hyundai, Volkswagen and Toyota represent the top five leading OEMs accounting for 75 percent of the total market in 2014," confirms Mohamed Mubarak, Automotive Principal and Regional Head. However, Chinese players are expected to increase their penetration in both production and sales.

A live, interactive question and answer session will follow the briefing.

Registration:

To attend this live briefing and/or have access to the recording, email Chiara Carella at chiara.carella@frost.com with your full contact details.

Study:

Opportunities in Passenger Car & Light Commercial Vehicles Market in 'Stan & 'Jan Countries

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

• The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
• The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on "the next big thing"

Register:        Gain access to visionary innovation

Contact:
Chiara Carella
Corporate Communications
P: +44 (0) 20 7343 8314
M: +44 (0) 753 3017689
E: chiara.carella@frost.com

Twitter: @FS_Automotive
Facebook: FrostandSullivan
LinkedIn: Future of Mobility

http://www.frost.com