Russia automotive industry associationGlobal Marketplace Insights has full report Titled Industrial Adhesives Market Size, Business Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, Malaysia, Thailand, Indonesia, Australia, Brazil, Saudi Arabia, UAE, South Africa), Application Development Prospective, Price Trends, Competitive Marketplace Share & Forecast, 2017 – 2024”. But the existing financial downturn, brought on primarily by falling oil rates, has hit challenging. In 2015, the market sold just 1.five million automobiles, to rank 12th in the world behind such countries as Canada, the UK, and Brazil. (See Exhibit 1.) Right now, as a limping economy continues to hold domestic buyers in verify, the industry finds itself with far too considerably production capacity.
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Carmakers operating in Russia will also face new regulations. There are plans to make carmakers use locally made engines in at least 30% of the cars made in Russia by … READ MORE >>>