On the back of strong demand in Germany and France, The Association of the Slovak Automotive Industry expects a 12% increase in automotive production in 2011, to 630,000 units. With 20% growth in vehicle production in 2010, BMI is more modest in its outlook, forecasting a 6% increase in autos production, to 590,357 units. We expect to a see a 2.83% increase in vehicle sales in 2011, and annual growth of around 4% thereafter until 2015.
While Slovakia has failed to attract any new entrants of late, the country’s economy minister, Juraj Miskov, has expressed an interest in working with Indian automakers and component producers. Slovakia’s prominence as an automotive production hub in the region should attract foreign investors, despite higher input and labour costs than in other Central and East European countries.
International automakers and suppliers have proved keen to extend their operations in Slovakia. German carmaker Volkswagen has extended continuous production at is Bratislava plant until the end of the year, and will add three new vehicles to the facility’s production lines and a pressing shop in H211, as part of a five-year EUR1bn investment in Slovakia. In April, French carmaker PSA Peugeot Citroën announced that it would add a new model to output at its Trvna facility in an investment worth EUR130mn. In addition, production at South Korean carmaker Kia Motors’ Zilina site was up 25% y-o-y in H111, boosted by demand for its SUVs.
Meanwhile, US suppliers Honeywell and Nemak, as well as German component supplier Behr, have announced updated plans for their operations in Slovakia. Honeywell will invest EUR38.3mn to produce a turbocharger production facility, and Behr will enter the Slovakia’s automotive component segment with a EUR14mn plant in Námestovo, while Nemak has announced that it will double output at its Žiar nad Hronom plant.

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Executive Summary 4
SWOT Analysis 5
Slovakia Auto Industry SWOT 5
Slovakia Political Industry SWOT 5
Slovakia Economic Industry SWOT 6
Slovakia Business Environment SWOT 6
Global Overview 7
BMI's Core Views For The Automotives Industry 7
Regional Overview 12
Table: Europe – Top Automotive Suppliers Sales By Region (US$mn), 2010 14
Business Environment Ratings 16
Table: BMI Industry Risk-Reward Ratings For Autos In Europe 19
Industry Forecast Scenario 20
Production And Sales 20
Table: Slovakia Auto Production And Sales 20
Trade 22
Table: Slovakia Auto Trade 22
Macroeconomic Forecast Scenario 23
Table: Slovakia – GDP By Expenditure 24
Competitive Landscape 25
Manufacturers – Passenger Cars 26
Suppliers 29
Company Monitor 32
Hyundai Motor 32
Company Profiles 34
Volkswagen (VW) 34
PSA Peugeot Citroën 35
Kia Motors 36
Country Snapshot: Slovakia Demographic Data 37
Section 1: Population 37
Table: Demographic Indicators, 2005-2030 37
Table: Rural/Urban Breakdown, 2005-2030 37
Section 2: Education And Healthcare 38
Table: Education, 2002-2005 38
Table: Vital Statistics, 2005-2030 38
Section 3: Labour Market And Spending Power 39
Table: Employment Indicators, 2001-2006 39
Table: Consumer Expenditure, 2000-2012 (US$) 39
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