Automotive Industry in Romania 2016-2020

Published: Dec 2016

Pages: 50

SKU: IRTNTR9983

Snapshot

Outlook of the automotive industry in Romania

According to this market study, the Romanian automotive industry will experience moderate growth during the forecast period and will be positively influenced by the low energy and labor costs. In the European region, there is an increased emphasis on meeting the emission limit set by the EU. To meet such standards, advanced technologies need to be installed in new automobiles, which is expected to increase manufacturing costs and negatively impact their sales. To lower this impact, automobile manufacturers have started to shift their manufacturing bases to developing countries such as Romania. As a result of such developments, this market research estimates that the automotive industry in Romania will grow at a CAGR of over 2% by 2020.

The recent increase in the adoption of electronic devices in automobiles will act as a major growth-promoting factor for this market. Due to intense competition between vendors, many manufacturers have started to differentiate their products by incorporating electronic gadgets and components in the automobiles produced by them. A shift in customer preference toward automobiles incorporated with advanced electronics is propelling the demand for devices such as infotainment systems, and active and passive safety systems.

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Competitive landscape and key vendors

This market is characterized by the presence of diverse international and regional manufacturers. However, as international players have established their footprint in the market, regional manufacturers are finding it increasingly difficult to compete with them, especially on aspects such as quality, technology, and pricing. The competitive environment in this market will likely intensify further with an increase in product/service extensions, technological innovations, and M&A activities.

Key manufacturers in this market are -

Segmentation by product and analysis of the automotive industry in Romania

Mechanical and electronic parts
Service parts
Consumables and accessories

In this market research study, analysts have estimated that the mechanical and electronic parts will be the largest market segment. This market segment includes products like bumpers, timing belt kits, battery cables, wiring harnesses, fuel gauges, ammeters, alternators, speedometers, fuel gauges, starter motors, switches, air conditioning systems, airbags, valves, oil coolers, seats, headrests, brake shoes, brake drums, and engine gasket sets.

Key questions answered in the report include

What will the market size and the growth rate be in 2020?
What are the key factors driving the automotive industry in Romania?
What are the key market trends impacting the growth of the automotive industry in Romania?
What are the challenges to market growth?
Who are the key vendors in the automotive industry in Romania?
What are the market opportunities and threats faced by the vendors in the automotive industry in Romania?
Trending factors influencing the market shares of Romania.
What are the key outcomes of the five forces analysis of the automotive industry in Romania?

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Table of Contents

This is preliminary content. The table of contents is subject to change.

PART 01: Executive summary

Highlights

PART 02: Scope of the report

Market overview
Top-vendor offerings

PART 03: Market research methodology

Research methodology
Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Market landscape

Market size and forecast
Five forces analysis

PART 06: Market segmentation by product

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

Competitive landscape
Other prominent vendors

PART 14: Key vendor analysis

PART 15: Appendix

List of abbreviation

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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