Automotive Suppliers Survey 2013

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PwC in co-operation with the Automotive Industry Association of the SR (ZAP) conducted a survey among automotive suppliers in Slovakia. Our common goal was to compile a comprehensive analysis of the segment of automotive suppliers in Slovakia.

Two thirds of respondents confirmed that the year 2012 was better than 2011

The Slovak automotive suppliers’ market continues to be a highly dependent industry segment, and this dependency was a good thing for business in 2012 – the segment continues to benefit from supplies to customers in Western Europe, but more importantly enjoys the growing demand of Slovak, Hungarian and Czech based car manufacturers. The former represents a basis for their mid-term stability in the market, the latter resulted in enormous growth for most suppliers in 2012.

Key competitive advantages of suppliers have become the non-financial areas

Another common and very promising finding of the survey is that the key competitive advantages of suppliers have become non-financial areas - quality of products, highly skilled workforce and long-term relationships. These areas were reported by more than half of the respondents, while the price of products and production was indicated by one third of suppliers.

An optimistic outlook

Slovak automotive suppliers remain optimistic for 2013. Almost half of respondents expect their revenue to grow by more than 5% and by more than 10%, whereas one third predicts a stable business without any growth potential.