Slovakia Auto Industry Drawing FDI despite RecessionBy: Shushmul Maheshwari
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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.comhttp://www.rncos.com/ |
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| Keywords |
Slovakia Automobile Sector Analysis, Automobile Sector, Automobile Sector in Slovakia, Slovakia Automobile Industry, Opportunities in Automobile Industry, Future of Automobile Industry |
| Category |
Automotive |
| Submission Date |
Jun 20, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Automotive |
| 1. |
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/
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| 2. |
Government Initiatives a Must to Boast Hybrid Car Sales
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Although hybrid cars are fuel efficient and environment-friendly, their sales declined significantly in the first month of 2009 due to higher price tags, said industry experts. However, RNCOS in its new research report, “Global Hybrid Car Market Forecast to 2010”, says that the global sales of hybrid vehicles are expected to grow at a CAGR of nearly 12% from 2008 to 2015.
According to a Senior Research Analyst at RNCOS, the prospective surge in hybrid vehicle sales in the next five years is primarily accredited to rapid development of new technology in the backdrop of favorable policies taking shape in Europe and the United States.
Apart from technology development, industry’s aggressive policy to support electrification will give immunity to manufacturers of electric and other highly efficient vehicles from recession, said RNCOS Analyst. Thus, hybrid vehicles are anticipated to see strong growth along with other alternative powered vehicles in near future.
Citing high tag prices as the biggest challenge to the growth of hybrid vehicles market, Research Analyst suggested that manufacturing of smaller size hybrid systems (components) and availability (of components) at lower cost would reduce the hybrid vehicle prices. Moreover, the governments of various countries have to take some initiatives like giving purchase incentives and indirect incentives to ensure rapid growth in the market.
At present, the presence of hybrid car market is very limited due to its earlier stage of development, but its size is expanding at fast pace. Car manufacturers planning to further penetrate into this market are also reevaluating their development strategies.
“Global Hybrid Car Market Forecast to 2010” extensively studies the hybrid car market at both country and global levels and provides detailed information on the market. The report includes in-depth evaluation of current and past trends to help clients identify untapped opportunities in the global hybrid car market.
The research report also provides forecast on various segments of the industry, including hybrid vehicle production & sales HEV battery sales, Li-ion battery sales and hybrid component market.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM128.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 3. |
Legends Of Scooter Sport: The Honda C100
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I figured that the most numerous produced vehicle (not just scooter but vehicle) ever would be an appropriate choice for the first ever installment of "Legends of Scooter Sport." The Honda C100, Honda 50, or Honda Super Cub has been produced in some form or another since 1958 and 70 million bikes have been produced. Its' light weight, easy of use, and unbeatable reliability has won it over in the hearts and souls of millions all over the world. The model originally came with a solo seat and cargo rack, (similar to the later Honda c105) but by the time the bike made it to America, it had evolved into a two seater. The first model was powered by a pushrod 50cc four-stroke power plant putting out a bone crushing 4.5HP. At the time the four-stroke motor was in a class of its own due to its high revving nature and the lack of having to premix oil as found in most two-stroke bikes common of the time. The power met the road via two 17" tires, a three speed gearbox, and an automatic clutch. The step thru design on the chassis was revolutionary and was designed to allow easy access to women, children, and people of all sizes. In 1964 two larger capacity engines were offered for the first time, a 90cc and a 70cc. This bike launched Honda's famous "You meet the nicest people on a Honda" ad campaign.
In the late 1960s Honda upgraded the 50cc motor to a OHV engine putting out a more respectable 4.9HP. Though the basics of the Super Cub design remained constant over the years, the bike was slowly upgraded over time. The most notable upgrade being the addition of conventional motorcycle forks in the early 1980s. During its lifetime the bike has spawned numerous other models including the popular Honda CT90 (or Trail 90) and the electric start C102 Super Cub. During the 80s in the USA the Super Cub was phased into Honda's newest model, the Passport. The Passport featured a more modern 12v CDI type ignition to meet stricter emission requirements and achieve better fuel mileage. The Passport has been unavailable in the US as a new model for almost twenty years.
The Super Cub is still produced today for the Japanese and Asian markets and it is one of the most durable bikes on the planet. There have been many reported instances of running cooking oil in the engine instead of regular oil without even a whimper from the motor. Recently electronic fuel injection was added to the new models being produced and it continues to be a great seller in Japan and other parts of Asia.
Modern Super Cub Anniversary Edition:
I love my 1965 Honda C100 and if you would like to check out more about it and its' modifications, you can see it in the DIY section.
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| 4. |
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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| 5. |
RNCOS Launches New Report- Czech Republic Automobile Sector
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RNCOS has recently added a new Market Research Report titled, “Czech Republic Automobile Sector” to its report gallery. Automobile sector is an integral and important part of the Czech Republic economy. The geographical proximity of the country with other European countries provides it an inherent advantage for companies to tap the regional automobile market. The largest automobile producer and a major auto exporter in the region, the Czech Republic has sustained its dominant position and will continue to do so in future due to the rising level of investment in automobile sector, says the RNCOS research report “Czech Republic Automobile Sector”. It provides a detailed overview of the automobile industry in the country. The report provides segment-wise analysis of the automobile industry in terms of production, sales, and exports to evaluate the industry at micro level.
The future forecast given in the report helps the client to identify the potential segment(s) and to design market-centric strategies. The report also provides overview of the factors responsible for the growth of automobile industry in the Czech Republic, challenges to be faced, and the opportunities present in the market.
Key Findings
- More than 90% of automobile production in the Czech Republic is exported.
- Cars and LCVs dominate automobile production in the country.
- Sales of used cars have outperformed the sales of new cars in the Czech Republic.
- Passenger car stock is expected to reach 418.5 per 1000 people in the country by 2011.
- Car and LCV sales are expected to increase at a CAGR of 21% from 2008 to 2011.
- Skoda dominates the car & LCV production by accounting for more than 50% of the industry production.
- Motorcycle imports increased by 53% as compared to a 36% rise in sales of new motorcycles from Jan-Sep’ 2006 to Jan-Sep’ 2007.
Key Issues and Facts Analyzed
- Segment-wise overview of sales, production and export of automobiles in the Czech Republic.
- Import analysis of new and second-hand foreign branded cars.
- Factors driving the automobile industry in the Czech Republic.
- Potential obstacles for the industry and recommendations to overcome them.
- Key players operating in the Czech Republic automobile industry.
Research Methodology Used
Information Sources
The information has been compiled from authentic and reliable sources like books, newspapers, trade journals, and 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 a prudent analysis.
MORE THAN 50% OFF ON THIS REPORT TILL March 31, 2009
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM602.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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