Automotive Market Report: Opportunities in Ukrainian Passenger Car and Aftermarket.

Dec. 19, 2008 - PRLog -- With over 45 mio. inhabitants Ukraine is one of the largest markets in Central and Eastern Europe (CEE) and Commonwealth of Independent States (CIS). A substantial economic growth has increased the attractiveness of the market, especially in the new car segment, the aftermarket and as a production base. With a nominal GDP of 140,3 bn. USD and growth rates of estimated 7% at constant prices over the next years, Ukraine is above average among the CEE states.

“Together with Russia and Poland, the Ukrainian new car market is the largest new car market in CIS and CEE” argues Felix Küsell, managing director of Globis and editor of the study. The new car market experiences substantial growth with an expected CAGR of 23% from 2007 to 2010, supported by the expanded possibilities of car financing. Car penetration, however, is comparably low, which suggests a heavy backlog demand for new and used cars. As in most other CEE markets, the car parc is relatively old. The major risk is the current economic situation, which could affect the Ukraine substantially and jeopardize economic growth overall.

The large stock of old cars results in excellent chances for players in the aftermarket. Rising incomes also lead to a growing demand for qualitative spare parts. The aftermarket is estimated to more than double its volume from now until 2010.

Although production growth rates slowed down in recent years, Ukraine still offers attractive opportunities as a production base. The country is appealing for investors and the WTO accession in turn eases export for manufacturers. Production growth rates are double-digit with a CAGR of 15,5% from 2007 to 2010.

The market report „Ukrainian Automotive Market: Passenger Cars, Suppliers and Aftermarket, 2007/2008-2010” analyses in depth current developments of the Ukrainian automotive market. It covers 85 pages and includes 54 tables and figures. The report is available at 890 € and can be ordered directly at Globis (for more information, visit the Globis website www.globis-berlin.de).

Globis GmbH, Berlin, is a research and consulting company with multi-lingual analysts and consultants and a broad base of interviewers. Market entry strategies are a speciality of Globis.

Globis GmbH
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E-Mail: ekraus@globis-berlin.de
Web: www.globis-berlin.de

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Globis GmbH, Berlin, is a research and consulting company with multi-lingual analysts and consultants and a broad base of interviewers. Market entry strategies are a speciality of Globis.