Russian spare parts market has reached $24 billion in 2017

SpareParts1

Russian spare parts market has reached $24 billion in 2017. The total volume of the secondary market of Russian automobile components and spare parts has exceeded 990 million units in 2017. The monetary value of the transactions amounts to 1.532 trillion rubles (approx. $24 billion).

Three segments have kept their traditional leadership of the market: tyres, suspension parts and oil. The tyre market had 12.4% share of the total transactions in 2017, amounting to 189 billion rubles. 10.7% belonged to suspension parts, 163 billion rubles in monetary terms. Oils and technical fluids occupied the third place in the market with a share of 7.5%. Car owners have used 312 million litres of oil and fluids, spending 114 billion rubles in total.

Source: RusAutoNews.Com

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