Market capacity of automotive components for passenger cars will increase as well as decrease
OREANDA-NEWS. September 04, 2015. According to the analytic agency "AUTOSTAT", at the end of 2014 the maintained parc of passenger cars of foreign brands in the Russian Federation was 19.5 million units. The capacity of the spare parts market for such number of foreign cars was estimated by experts in amount of \\$16 billion. The total volume of aftermarket automotive components and spare parts in Russia for cars in general in 2014 exceeded 930 million units of various parts – it is more by 3.8% than a year before. In monetary terms, the capacity of the market was about 23 billion dollars by showing a decline of 0.8% for the year: impact of depreciation of the ruble against the dollar.
Based on the study for the analysis of the state parc of cars and auto components market, the analysts did a forecast: in 2015 in the secondary market of automotive components it will be sold more than 950 million units of spare parts – it is more by 2% than in 2014. In many ways, it will be connected with the growth of the parc, which entails an increase of the demand in parts for replacement. Therewith, the capacity of market in monetary terms will decrease by 3.6% to \\$ 22 billion due to the depreciation of the Russian currency.
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