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Premium and Luxury Cars in Russia

  • ID: 5004085
  • Report
  • January 2020
  • Region: Russia
  • 5 pages
  • Euromonitor International
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Despite the fact that premium and luxury cars only target the most affluent consumers in Russia, the category experienced fluctuating demand over the review period, with notable declines from 2015-2017, in line with the economic recession in the country. Local currency exchange rates continued to be volatile as a result, impacting consumers’ purchasing decisions. 2018 witnessed a greatly improved performance in both retail volume and current value terms as the economy stabilised.

The Premium and Luxury Cars in Russia report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Premium and Luxury Cars retailing along with the development of consumers’ shopping patterns. Forecasts to 2024 illustrate how the market is set to change

Product coverage: Luxury Goods.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
  • Get a detailed picture of the Premium and Luxury Cars market
  • Pinpoint growth sectors and identify factors driving change
  • Understand the competitive environment, the market’s major players and leading brands
  • Use five-year forecasts to assess how the market is predicted to develop.
Note: Product cover images may vary from those shown
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  • Premium and Luxury Cars in Russia
  • February 2020
List of Contents and Tables
  • Headlines
  • Prospects
  • Ongoing instability in the local economy leads to fluctuating performance for premium and luxury cars due to their huge investment
  • SUVs and crossover models popular for wealthy families on long journeys and as status symbols in major cities
  • Quota basis system and requirement for ERA-GLONASS complicates importing of premium and luxury cars for car dealers
  • Competitive Landscape
  • German brands continue to benefit from popularity amongst affluent Russians
  • Moscow enjoys being part of Bentley’s 100th anniversary events around the world
  • Collaborations between luxury brands are mutually beneficial
  • Category Data
  • Table 1 Sales of Premium and Luxury Cars: Value 2014-2019
  • Table 2 Sales of Premium and Luxury Cars: % Value Growth 2014-2019
  • Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2014-2018
  • Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2015-2018
  • Table 5 Forecast Sales of Premium and Luxury Cars: Value 2019-2024
  • Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2019-2024
  • Executive Summary
  • Positive but slower demand for luxury goods due to unstable economy but buoyed by increases in HNWI and foreign visitors
  • Demand from younger affluent Russians influence new concepts in marketing
  • High fragmentation for Competitive Landscape of personal luxury, led by global fashion brands
  • Department stores and internet retailing continue to gain share from traditional specialists
  • Strong improvement for most luxury goods over forecast period, supported by ongoing rise in number of affluent Russians and inbound receipts
  • Market Indicators
  • Table 7 Number of High Net Worth Individuals (HNWI): 2014-2019
  • Market Data
  • Table 8 Sales of Luxury Goods by Category: Value 2014-2019
  • Table 9 Sales of Luxury Goods by Category: % Value Growth 2014-2019
  • Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2014-2019
  • Table 11 NBO Company Shares of Luxury Goods: % Value 2014-2018
  • Table 12 LBN Brand Shares of Luxury Goods: % Value 2015-2018
  • Table 13 Distribution of Luxury Goods by Format and Category: % Value 2019
  • Table 14 Forecast Sales of Luxury Goods by Category: Value 2019-2024
  • Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2019-2024
  • Sources
  • Summary 1 Research Sources
Note: Product cover images may vary from those shown
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