RNCOS Releases a New Report- Turkey Automobile Sector Forecast (2008-2012)By: Shushmul Maheshwari
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RNCOS Releases a New Report- Turkey Automobile Sector Forecast (2008-2012)
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RNCOS has recently added a new Market Research Report titled, “Turkey Automobile Sector Forecast (2008-2012)” to its report gallery. Automobile sector plays a vital role in the Turkish economy as it has taken an important place in the export mix of the country. Automobile exports from Turkey made up nearly 75% of its total auto production in 2007, a straight growth of 18% from the previous year. Increasing export volumes are making Turkey the next export hub for automobile, says the RNCOS research report – “Turkey Automobile Sector Forecast (2008-2012)”.
The emergence of Turkey as an export center is attracting major players from across the world to invest in the auto sector. In fact, FDI inflow in the sector has been continuously increasing from past few years on account of the country’s strategic location and proximity with both European and the Middle East countries. And taking the benefits of government incentives, various automobile giants have made Turkey a gateway to enter the European auto markets.
This report comprehensively studies the Turkish automobile market, comprising of passenger cars, commercial vehicles, tractors, and automotive component market. It also evaluates the export market and opportunities for the automobile and its associated industries.
Key Findings of the Report
- Free Trade Zones (FTZs) are designed to encourage trade to and from Turkey, boosting the automobile sector of the country.
- Passenger car segment has the largest share in all aspects of the automobile industry, i.e., exports, production, imports and sales.
- Automobile production in Turkey grew by 11% in 2007 over 2006.
- Automotive component production grew at a CAGR of 21.55% during 2003–2007.
- The annual automobile production is estimated to increase to 1.8 Million by 2012.
- Exports by the Turkish automobile industry are projected to surge at a CAGR of 11.49% during 2008-2012.
Key Issues & Facts Analyzed in the Report
- What are the driving factors for the Turkish automobile industry?
- What are the trends in the automobile component industry?
- What are the opportunities for the automobile and associated industries?
- Which segment of the automobile sector holds major share?
- What would be the projected growth of the automobile industry?
- Who are the major players in the Turkish automobile industry in terms of production, exports and sales?
Research Methodology Used
Information Sources
The information has been taken from authentic and reliable sources like books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Method
Methods, like historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis, have been used in the report for prudent analysis.
For more information visit: http://www.rncos.com/Report/IM136.htm
Current Industry News: http://www.rncos.com/Blog/http://www.rncos.com/ |
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| Keywords |
Turkey Automobile Sector Forecast (2008-2012), Automobile Industry of Turkey, Turkey Automobile, Market Research Report, Industry Research, Industry Analysis, Future of Turkey Automobile Industry |
| Category |
Automotive |
| Submission Date |
Dec 13, 2008 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Automotive |
| 2. |
RNCOS Releases a New Report- Booming Russian Automobile Sector
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According to our new research report - “Booming Russian Automobile Sector” - the Russian automotive industry is growing at a fast pace and emerging as one of the most competitive and dynamic industries at the world level. Government initiatives and incentives are filliping the industry and attracting the foreign players to the market. These foreign auto giants are establishing their car assembly lines in the country and capturing the domestic market.
Passenger car segment dominates the domestic market of Russia and is expanding due to increasing disposable income and low interest rate. This will further act as an attractant for the foreign investors to invest in the industry.
We expect that more foreign auto giants will enter the market in future to fill the demand and supply gap. At present, a large section of passenger car demand is satisfied by new imports and its share will grow in future as Russians are looking for latest technology and new designs. The commercial vehicle market will be dominated by the Light Commercial Vehicle (LCV) segment. The major part of this high demand will come from growing small- and medium-scale businesses, coupled with increasing income.
The report provides exhaustive and extensive research on the burgeoning automobile industry of Russia. It defines the market structure and growth, discusses the market drivers, analyzes the future growth areas, and studies the various parameters of the market.
Key findings of “Booming Russian Automobile Sector” include:
- 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.
- The Russian government is establishing Greenfield sites to attract foreign players.
- The stock of passenger car per 1,000 people is expected to cross 300 Units by 2012, reflecting the vast potential this market has.
- In the used passenger car market, the Russian used cars accounted for about 86.9% share in 2007.
- There is a high scope for growth of automotive component industry and dealership network in Russia.
Key questions answered in the report:
- What is the market size of the Russian automotive industry?
- Where does the Russian automotive market stands at global level?
- What are the major segments in the market and what is their growth potential?
- What are the growth prospects for the market in near future?
- Which factors are driving the market?
- What are the opportunities and constraints for automobile manufacturers?
- What is the automobile production landscape of domestic and foreign players?
- Who are the major domestic and foreign players in the market?
Information in the report has been sourced from:
Authentic and reliable sources like books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Research methodology used in the report:
RNCOS industry forecast and analysis is based on various macro and microeconomic factors, sector and industry specific databases and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.
Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.
For more information visit: http://www.rncos.com/Report/IM551.htm
Current Industry News: http://www.rncos.com/Blog/
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| 3. |
Slovakia Auto Industry Drawing FDI despite Recession
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Slovakia, the newest member of euro zone, is expected to see slowdown much faster than previously predicted in the current year, as per the latest statistics by the Organisation for Economic Cooperation and Development. Although the growth prospects are bleak, the country will manage to register 2% growth and safely avoid the recession hitting its contemporaries.
The main reason for low impact of recession on Slovakia is the adoption of euro in January 2009 that partially sheltered the country from disturbances in the currency markets, said a senior research analyst at RNCOS. However, the country still has to take a number of initiatives, including raising flexibility in its labor and product markets, reforms in housing policies and improvement in fiscal policy, to avoid boom-bust scenario.
Analyst added that Slovakia succeeded in protecting its banks from the financial market meltdown due to their limited exposure to toxic assets. But the economy that relies heavily on exports like cars is expected to be hit by weak demand for such goods in the Western countries. As the automotive sector constitutes one of the key economic pillars of Slovakia, its expansion helped the GDP to rise to an EU high of 10.4% in 2007.
A new research report by RNCOS, “Slovakia Automobile Sector Analysis” also states that Slovakia has emerged as an attractive location for automotive industry in past few years that has led to heavy flow of FDI in the country, particularly in automotive sector. Slovakia has an edge in saving cost that helped its automobile production to grow immensely.
Analyzing all these benefits, RNCOS analyst said that Slovakia is a low cost production center in comparison to developed countries such as Japan, Germany and the US during recession. Low cost production makes Slovakia more attractive to players to set up their manufacturing utilities.
“Slovakia Automobile Sector Analysis” provides detailed information on growth drivers, challenges and future prospects for the automotive industry in Slovakia. The report also gives comprehensive overview on various segments of the industry, including turnover, production, export, investment, sales and predicts the future direction of the industry. It provides forecast on automobile registration, employment in automobile industry and new passenger car sales by country.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM132.htm
Check DISCOUNTED REPORTS on http://www.rncos.com
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| 5. |
Buying used cars from Japan
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It is a well-known fact that the Japanese cars are the most reliable, efficient and the least polluting cars in the world. In Japan, all vehicles have to undergo a thorough inspection every two years. The inspection fee increases as the car gets older. That’s why many Japanese prefer to sell their cars and go for a new car. So many high quality used cars, trucks, 4WD, vans, etc. are available for sale in Japanese market. Thanks to the Internet, it is now possible to buy these Japanese used cars online. However, there is still a challenge in buying cars online from Japan. Why? We will discuss the several reasons for it here.
First issue is the language problem. Many Japanese sellers can not speak in English and prefer to do business in Japanese language. Even many online auction sites for used automobiles in Japan are in Japanese language. So the language poses a big challenge to those who wish to buy used Japanese automobiles from the Internet.
So it is better to check if the company web-site is written in standard English. It also makes a sense to send few inquiry mails or call the company salesperson to check if they can communicate effectively in English. When you speak on the phone with the Japanese salesperson, make sure that he/she understands your requirements.
Second issue is that of the ‘Trust’. When a customer buys a used car online, he can neither see it with his own eyes, nor, he can take the test drive. Also as all Japanese online car exporters require 100% advance payment, company trust is also very important, to get the guarantee that the used car is in the same condition as described on the company web-site.
There are several ways to check the trustworthiness and legitimacy of the company. The easiest one is to note the facts such as
1. How frequently the vehicle stock is updated?
2. How clearly are the buying procedures described?
3. How specific are the details of the used cars?
4. If the company owns the domain of the website?
5. Does the company have affiliation with Automotive Association of Japan?
6. Is the company a private limited or public limited company?
7. Is the company registered with Foreign Trade Chamber?
8. Is the name of the Bank account same as the Company name?
You will also need to check with the import rules and regulations of your country to make sure that the car you wish to import does not fall under any restrictions. Most countries have liberal laws on importing used vehicles and if there are any restrictions, they mostly relate to the gas emission level or the year of manufacturing. You should also check and make sure what export related documents you need from Japan.
Once you have purchased your used car online from Japan, to get it as early as possible, you would have to make some checks. If there are frequent ships to your country/ designation port, and the car is already deregistered - you can get your car on board within a week or two. Also, make sure that you receive all the important documents from your dealer - such as bill of lading and certificate of deregistration by express mail – to ensure minimal problems while receiving your car at the designation port.
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