Industry Trend Analysis - JLR Plant, Domestic And European Demand To Support Local Production - DEC 2017
BMI View : Growth in car production in Slovakia over 2017-2021 will be largely driven by JLR's new manufacturing facility coming online in 2018, growing domestic car sales and healthy European demand for Slovak automotive exports.
We forecast car production in Slovakia to average annual growth of 5.3% over our 2017-2021 forecast period, reaching 1.3mn units by the end of 2021. According to our Autos Production Risk/Reward Index, Slovakia gets a score of 67.3 out of a possible 100 on its Vehicle Production Volumes indicator (which is based on our five-year average forecast), placing it first among the countries we cover in Central and Eastern Europe, highlighting its importance as a production hub in the region. We expect car output in Slovakia over the next five years to be boosted by the opening of Jaguar Land Rover (JLR)'s new manufacturing plant, while growing domestic demand and exports to Europe provide further tailwinds.
JLR Investment To Boost Output
|Positive Outlook Ahead|
|Slovakia - Passenger Car Production|
|f = BMI forecast. Source: Automotive Industry Association of the Slovak Republic, BMI|