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Increasing trend of investing in gold is expected to lead to higher demand for the yellow metal in the Middle East this year. According to Anan Fakhreddin, managing director of the World Gold Council, Middle East and Turkey, Middle East is likely to witness better gold sales in 2010 than 2009, backed by rising demand and stabilizing markets, as per the news published by Khaleej Times on January 8, 2010. Due to higher disposable incomes, ... Read more |
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The US represents the biggest aerospace market, with total estimated sales of US$ 214 Billion for 2009, followed by EU, Canada and Japan.
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Despite recent economic crisis, sales of passenger cars and LCVs in Brazil are anticipated to post a CAGR of more than 10% (2009-2013) with passenger car segment to dominate the overall market.
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The automobile production in China is expected to reach 16 Million Units by 2012, hitting a CAGR of around 17% during 2009-2012.
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The role of governments in promoting the use of green cars in markets remains vital. We anticipate that the global hybrid car sales will witness a CAGR of around 20% during 2009-2012.
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The passenger vehicle market, which constitutes around 80% of automobile sales, has immense growth potential as passenger car stock stood at around 11 per 1,000 people in 2008.
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Sales of passenger cars in Russia are forecasted to reach about 5.9 Million Units by 2012. The commercial vehicle market is projected to increase at a CAGR around 14% during 2008-2012.
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