Business Monitor International


Slovakia Autos Report

Published 11 June 2014

  • 53 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Slovakia Autos Report

BMI View:   Vehicle sales in Slovakia decreased 3.8% in 2013, on the back of weakness in the passenger car and commercial vehicle (CV) segments. In 2014, we forecast an upswing in total sales of 9.4% as the economy recovers somewhat ; in 2015, we forecast growth of 3.6% as these improvements continue . 

BMI maintains a bullish view for private consumption growth in the country in 2014; economic conditions are in the 'sweet spot' for households, as labour market conditions are improving while inflation and interest rates remain very low. This has bolstered real wage growth and consumer confidence, coinciding with a sustained uptrend in retail sales volume. We expect this to continue to drive passenger car sales growth, and we forecast a 9% increase in this segment in 2014, and 3.5% growth in 2015.

In 2014, BMI forecasts an increase of 8.2% in light commercial vehicle (LCV) sales and a 15% surge in the heavy truck segment. Despite these relatively bullish forecasts, BMI believes that manufacturing and construction activity in the country will continue to slow down somewhat over the course of 2014 on the back of declining domestic demand and contractions in key export markets. Further, we expect business confidence to remain poor. However, growth in the CV market will come from pent-up demand in the market, following sustained declines in recent years. In 2015, we expect growth to temper somewhat, and forecast a 4.2%increase in LCV sales and a 5.3% increase in the heavy truck segment.

BMI believes that passenger car production in Slovakia increased 6.5% in 2013, and we forecast 3.7% growth in 2014, and a 4.6% increase in 2015. This increasing output in Slovakia, and other Central and Eastern European (CEE) states more generally, can be seen in contrast to decreasing production levels in much of Western Europe as auto manufacturers strive to cut costs amid continuing economic uncertainty in the region. BMI believes that the Western European auto market will...

Table of Contents

BMI Industry View
7
SWOT
8
Political
9
Economic
10
Business Environment
11
Industry Forecast
12
Table: Autos Total Market - Historical Data And Forecasts (Slovakia 2012-2018)
12
Sales
12
Production
13
Trade
14
Passenger Vehicles
16
Table: Passenger Car Market - Historical Data And Forecasts (Slovakia 2012-2018)
16
Production
16
Sales
17
Industry News
19
Commercial Vehicles
20
Table: Commercial Vehicle Market - Historical Data And Forecasts (Slovakia 2012-2018)
20
Suppliers
23
Macroeconomic Forecasts
24
Economic Analysis
24
Table: GDP By Expenditure (Slovakia 2011-2018)
29
Industry Risk Reward Ratings
30
Europe - Risk/Reward Ratings
30
Table: Europe Autos Risk/Reward Ratings
33
Competitive Landscape
35
Company Profile
36
Porsche
36
Regional Overview
39
Europe Overview
39
Global Industry Overview
41
Table: Passenger Car Sales May 2014 (CBUs)
41
Outperformers Boost European Outlook
41
Trucks Give North America A Lift
42
India Brings Relief To BRICs
44
Demographic Forecast
46
Table: Slovakia's Population By Age Group, 1990-2020 ('000)
47
Table: Slovakia's Population By Age Group, 1990-2020 (% of total)
48
Table: Slovakia's Key Population Ratios, 1990-2020
49
Table: Slovakia's Rural And Urban Population, 1990-2020
49
Methodology
50
Industry Forecasts
50
Sector-Specific Methodology
51
Sources
51
Risk/Reward Ratings Methodology
52
Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators
53

The Slovakia Autos Report features the latest data and forecasts covering production, sales, imports and exports.

Business Monitor International (BMI)'s Slovakia Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Slovakia.

Key Benefits

  • Benchmark BMI's independent automotives industry forecasts on Slovakia to test other views - a key input for successful budgetary and planning in the Slovak automotives market.
  • Target business opportunities and risks in the Slovak automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Slovakia.
  • Assess the activities and market position of your competitors, partners and clients via our Competitive Landscape Analysis.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts and views, covering production, sales and the introduction of new technology or products.

Global, Regional and Country Industry Overviews

In-depth analysis of the major global and regional developments in the market, which can be linked with the country industry overview, providing cross-country investment, product and financing trends that will affect each market, supported by BMI’s global and regional industry forecasts.

Business Environment Rankings

BMI's proprietary Autos Business Environment Rankings are a unique country-comparative Risk-Reward Rankings index that separately analyses the risks and rewards of operating in each market. It is aimed at investors (including manufacturers, suppliers and dealers) who seek to either identify and compare market opportunities, or evaluate country-specific operational challenges.

The rankings methodology makes sophisticated use of over 40 industries, economic and demographic data points.

BMI Industry Forecasts

Historic data series and forecasts to end-2018 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 Economic Forecasts

BMI forecasts to end-2018 for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc