|By Business Wire||
|May 8, 2014 07:01 AM EDT||
Global automobile production will increase by 21 million units by 2021, and has grown by 25 million units since 2009 as the industry continues to recover from the impact of the global economic recession, according to a forecast by IHS Automotive, part of IHS Inc. (NYSE: IHS), the leading global source of critical information and insight. These topics will also be discussed at length at the IHS Forum in Berlin (12-14 May).
China will dominate, but there is a considerable upside attached to the North American industry as it attracts foreign investment, and in the European industry as its domestic markets climb back. Japanese and South Korean production will decline as local OEMs focus their efforts overseas.
Demand Shifts in Europe
Declining vehicle demand in Russia and Turkey will limit European production growth to one percent this year, according to IHS Automotive. However, from 2015 to 2017 European output is expected to increase by four percent per year, led by the recovery of domestic demand and sustainable increase in exports, primarily to the U.S. and China.
While it currently consumes 70 percent of European production, Western European demand will contribute only 50 percent of production growth expected by 2021. Of this share, more than a half will come from Spain and Italy as they recover from enormous losses experienced during the years of recession.
“European car makers will meet divergent demand environments, depending on which part of Europe they are more exposed to,” said Denis Schemoul, manager Europe vehicle production forecasting, IHS Automotive.
“Segments are changing globally as the emerging markets tip the balance and mature markets come under pressure to downsize,” said Mark Fulthorpe, director global vehicle production forecasting at IHS Automotive, who will be presenting these findings and additional automotive industry insight during a joint presentation with Denis Schemoul during the upcoming IHS Forum in Berlin on 13 May.
IHS Berlin Forum will bring together top IHS experts who will provide outlook across industry sectors and address the business impact of current affairs in the marketplace.
Attendance & Registration
The IHS Forum, Berlin 2014 will be held at the InterContinental Hotel Berlin from 12-14 May. Further information and delegate registration is available at http://ihsglobalevents.com/forum/berlin2014/.
Members of the press can register for a complimentary pass to the IHS Forum in Berlin by sending an email with name, title and outlet details to [email protected].
A full agenda and additional information can be found here: http://ihsglobalevents.com/forum/berlin2014/agenda/
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs more than 8,000 people in 31 countries around the world.
IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. © 2014 IHS Inc. All rights reserved.
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, discussed why containers should be paired with new architectural practices such as microservices rathe...
Aug. 30, 2015 06:00 AM EDT Reads: 382
Aug. 30, 2015 02:00 AM EDT Reads: 385
Aug. 30, 2015 01:00 AM EDT Reads: 381
Aug. 30, 2015 01:00 AM EDT Reads: 426
Aug. 30, 2015 01:00 AM EDT Reads: 470
Aug. 30, 2015 01:00 AM EDT Reads: 205
Aug. 29, 2015 11:45 PM EDT Reads: 427
Aug. 29, 2015 10:00 PM EDT Reads: 321
Aug. 29, 2015 07:30 PM EDT Reads: 379
Aug. 29, 2015 07:15 PM EDT Reads: 371
Aug. 29, 2015 04:00 PM EDT Reads: 327
Aug. 29, 2015 03:45 PM EDT Reads: 111
Aug. 29, 2015 01:00 PM EDT Reads: 148
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...
Aug. 29, 2015 12:00 PM EDT Reads: 145
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
Aug. 29, 2015 11:45 AM EDT Reads: 157