Independent 5 year Automotive industry forecasts for Slovakia.
Original Automotive market research and Automotive sector trend analysis for the Slovakia Automotive industry.
Competitive intelligence, Slovak Automotive company rankings and SWOT analyses on international and domestic Automotive companies in Slovakia .
The Slovakia Automotives Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end- 2013 ; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.
Business Monitor International’s Slovak Automotives Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Slovak automotives market.
Key Benefits of Report
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Benchmark BMI’s independent 5-year Automotives Industry forecasts on Slovakia to test other views – a key input for successful budgetary and planning in the Slovak Automotives market.
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Target Business Opportunities & Risks in the Slovak Automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Slovakia .
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Exploit the Latest Competitive Slovak Automotives Intelligence & company SWOTS on your competitors and peers through company rankings by production, sales, market share and ownership structure – includes multi national and national companies in Slovakia .
Coverage
Executive Summary & Swot Analysis
Summary of BMI’s key industry forecasts and trend analysis, and commentary on key company and industry headline events. Collection of SWOT studies on local automotives market, economy and business environment.
Regional Overview
Cross-border analysis on the structure, size and value of the automotives sector, including comparative historical data and forecasts on the region’s sales and production figures.
Business Environment Rankings
Comparative guide to the region’s business environment, ranking of the regional markets by CBU Output Growth, Vehicle Penetration Potential, Regulation, Market Competition, Economics Risk and Politics Risk. The rankings table provides BMI’s view on the competitiveness of the regional markets.
Market Overview
Outlook of local market, commenting on its structure, size and value.
BMI 5-Year Industry Forecast
Historic data series and 5-year forecasts to end- 2013 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including: Total production value (US$bn); total production of units; production by vehicle-type, including cars, commercial vehicles, trucks and buses; total sales value (US$bn); sales by vehicle-type, including passenger cars and commercial vehicles (vans and microbuses, pickups, trucks and buses, 4 wheel drive); total exports by value (US$bn) and by units; total imports by value (US$bn) and by units; contribution to GDP; employment in industry.
BMI 5-Year Macroeconomic Forecast
BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.
Competitive Landscape
Comparative company analyses and rankings by production, sales, % market share, employees, registration date and ownership structure.
Company Profiles & SWOTS
Company profiles, including SWOT (Strengths, Weaknesses, Opportunities & Threats)analyses, fully researched senior executives and full contact details, business activity, leading products and services.
Executive Summary
As an export base for major European automakers, Slovakia’s autos sector has suffered deeply from the recession in the eurozone. However, there are signs that the situation is stabilising, according to this report.
Output appears to be benefiting from improvements in the eurozone economy, which has shown signs of recovery. The scrappage schemes introduced in several Western European markets, including Germany and France, have provided support for exports. Slovakia posted a trade surplus of EUR81.9mn in March as the drop in imports outpaced that of exports, according to Agence France Presse. Meanwhile, production of cars at facilities operated by Kia Motors, Volkswagen (VW), and PSA Peugeot Citroën posted a 30.3% drop in March compared with a 44.6% drop in February.
Domestic sales have also started to pick up. New vehicle registrations totalled 10,902 units for April, a 17% rise from the period in 2008, CTK has reported (citing the Slovak Automotive Industry Association (ZAP)). The increase is a marked contrast from the decline in sales registered in the early part of the year, and is attributed largely to the EUR33mn subsidy programme the government launched in March for new car purchases.
But even with an increase in April, the picture for new vehicle registrations is still far from promising. BMI believes that the subsidy programme is unlikely to spark a sustained rise in sales this year, especially as we forecast the economy contracting by 2.5%, which is likely to keep downward pressure on consumer sentiment.
Manufacturers will need to resume full capacity at their facilities before a recovery could happen. So far, the major producers have discontinued production at their facilities. VW scaled down production of its Touareg and Porsche Cayenne bodies at its Bratislava plant and had to temporarily suspend production in order to avoid inventory accumulation as demand fell earlier this year.
Over the long term, however, we anticipate Slovakia remaining an important centre for manufacturing. VW has confirmed that it will produce its New Small Family cars, which are due to launch globally in 2011, at the Bratislava plant. We see annual industry output reaching 936,041 units by the end of the forecast period (end-2013) at the latest. Although car sales growth is expected to be sustained over the next five years, it will be at a lower rate than BMI had previously forecast.
In May, VW confirmed that it would produce its new Up! model at its Bratislava plant. The model, part of its New Small Family range and available in 3- and 5-door versions, is available under the VW, SEAT, and Škoda Auto brands and should be launched worldwide in early 2011. The addition of the Up! could increase capacity at the plant by 30%. The automaker currently builds the VW Touareg, Porsche Cayenne, and Audi Q7 models at the plant through VW Slovakia.
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