This unique report presents data quantifying the value and recent growth of Russia's construction machinery market as well as the prospects for expansion due to replacement needs and other factors. It lists the most popular brands and leading manufacturers and distributors of most popular types of construction machinery and provides analysis of macroeconomic conditions in Russia and their influence on this market.
The document also supplies evaluation of the competitive environment and forecasts for market development to 2020.
The report focuses on central market issues, such as
- The competitive environment of the construction machinery market in Russia - strengths and weaknesses of top players
- Imports of construction machinery in Russia - type and volume
- Construction in Russia - status of the overall industry and the implications for machinery producers
- Trends in fixed capital investment and their influence on Russia's construction machinery market
- Domestic production trends of machinery producers for this market
- The macroeconomic situation in Russia - with analysis of impacts on the construction machinery market.
Explore the market from various viewpoints
- Survey the array of active manufacturers and distributors on the market, those deciding on entry, and those with growth and expansion plans
- Evaluate infrastructure construction activity and find out how current producers are meeting demand due to the increase in projects
- Locate the sources of potential customer demand on this market and determine the portion attributed to replacement requirements.
Companies analyzed in this report
Amkodor-Bryansk, Ammann, Atlas Copco, Bomag, Caterpillar, CNH Industrial, Daewoo, Doosan, Fayat Bomag, Ferronordic Machines, Hitachi Construction Machinery, Hyundai, JCB, John Deere, Komatsu, Liebherr, Lonmadi, LiuGong, Mantrac Vostok, RM-Terex, Sandvik, SDLG, Shantui, ZAO Technograde, The Machinery & Industrial Group, Volvo Construction Equipment, Wirtgen InternationaCMG, Yanmar, Zoomlion.
Did you know
- Road Machinery Plant LLC and OJSC Raskat are responsible for more than 90% of the production of road rollers in Russia
- The latest edition of the Global Competitiveness Report, published by the World Economic Forum in September 2013, ranks Russia in 124th place among 144 countries in terms of the quality of road infrastructure
- In the early 1990s more than 15,000 excavators were assembled in Russia every year, whereas in 2012-2014 the figure came to less than 2,000 every year
- It is estimated that 3,549 backhoe loaders were imported to Russia in 2014, in comparison with 7,102 units imported in 2013 and only 465 in 2006.
- In the early 1990s more than 12,000 bulldozers were assembled in Russia every year, whereas in 2012-2014 the figure came to less than 1,400 every year
- Domestic production of tower cranes in Russia expanded by 63% year on year in 2012, by 45% in 2013 and by 19% in 2014.
This report offers answers to essential market questions
- Which domestic and foreign construction machinery brands are the top sellers on the Russian market?
- Which imports are most popular?
- What percentage of the current stock of construction machinery in Russia is imported?
- What is the current value of the construction machinery market in Russia?
- How much growth is predicted on this market in the coming years?
- Who is the leading producer of construction machinery in Russia?
- What is the condition of the construction machinery stock currently owned by Russian companies?
This report is a valuable aid when
- Beginning a new construction machinery business on the Russian market
- Growing an enterprising currently active on this market
- Searching for production or distribution contacts
- Assembling a corporate growth strategy
- Assessing available investment opportunities on this market
- Conducting research on competing companies
- Effecting a merger or acquisition on this market.
Extract from this rep
- In Russia, demand for mobile cranes is largely met by domestic brands. It is estimated that 618 mobile cranes were imported in Russia in 2013 and 640 in 2014, accounting for only 12% and 20% of domestic production in the respective years in question.
- JCB, SDLCMG and Bobcat are the most popular brands of wheeled front loaders in Russia. In 2014 these four brands accounted for 36% of imports of such machines to the country, whereas a year earlier the proportion was even more substantial (44%).
- Of 243 articulated dump trucks imported to Russia last year, 142 units (58%) were Volvo vehicles.
Market commentary by expert
“Imported machinery currently dominates the market. Russian products can barely compete with their Chinese equivalents, which are often more modern and energy efficient, in terms of cost. With regard to Western brands, even used machinery tends to be more expensive but surpasses Russian equipment in terms of ergonomics, comfort, a wider product range and quality of service. For example production of excavators, which continues to be the most widely used category of construction equipment in Russia, has plummeted over the past two decades. In the early 1990s more than 15,000 excavators were assembled in Russia every year, whereas in 2012-2014 the figure came to less than 2,000 every year. Until 2012, when Russia joined the WTO, the government had provided an insignificant amount of incentives for domestic production of construction machinery, almost exclusively in the form of increases in import duty rates. Eventually, those rate increases had generated a limited effect on imports of such machines. Furthermore, since 2012 import duty rates have been reduced or maintained at existing levels but not increased further. The latest major stimulus from the Government of the Russian Federation was provided in July 2014, when it approved Decree No. 656, which bans state and municipal administrations as well as legal entities which are 100% controlled by federal, regional, and/or municipal administrations to purchases construction machinery manufactured outside the Eurasian Economic Union. The ban also applies to foreign brands produced in Russia but with a level of manufacturing localisation of up to 50%. However, it is estimated that those companies and public administrations are responsible for fewer than 5% of public tenders initiated every year throughout the country. So far, this ban has created a marginal effect on production of construction machinery in Russia.” Vitalie Iambla, Construction Analyst.