Market Monitor Automotive Belgium 2017

Market Monitor

  • Belçika
  • Otomotiv/Nakliye

05 Eyl 2017

The increasing importance of Big Data and embedded technology/electronics is expected to lead to increased M&A activities in the supplier segment.

 

  • The Belgian automotive sector accounts for 1% of Belgium’s GDP. While production decreased slightly in 2016 (down 2.4% to about 400,000 units), domestic registrations or sales of new vehicles increased 8.1% year-on-year in 2016, and further growth is expected in 2017 (registrations of new passenger cars increased 4% year-on-year in H1 of 2017 according to the Belgian automotive association FEBIAC).
  • Besides several major assembly plants, Belgium hosts a large number of export-oriented, high-value components manufacturers that have good business opportunities given the increasing global demand for car electronics and sophisticated technology. That said, the increasing importance of Big Data and embedded technology/electronics, together with the global process in the industry, is expected to lead to more merger and acquisition activities of Belgian automotive suppliers in the mid-term.
     
  • Profit margins in the Belgian automotive sector are generally satisfying and expected to remain stable in 2017. While many businesses hold long-term debts, banks are supportive.
     
  • Payment behaviour in the sector has been good over the past two years, and the number of protracted payments and insolvencies is low. Both payment delays and business failures have decreased since the end of 2016, and we do not expect any deterioration in the coming months.
     
  • We assess the credit risk and business performance of the Belgian automotive sector as “Good”, and our underwriting stance continues to be open for all subsectors.

 

İlgili dökümanlar

Download
Market Monitor Automotive September 2017

1020KB PDF

İlgili içerik

Country report Belgium 2017

Rapor

In 2017 the number of Belgian business insolvencies will still be much higher than the levels seen before the start of the global credit crisis in 2008.

Insolvency Forecasts August 2017

Rapor

Atradius forecasts insolvencies across advanced markets to fall by 3.0% this year and 2.0% next year, particularly led by an increasingly robust recovery in the eurozone.

Payment Practices Barometer Belgium 2017

Rapor

Despite a strong aversion to granting trade credit to B2B customers, Belgium saw a modest increase in the use of credit- based transactions (31.8%).

© Atradius N.V. 2004 - 2018

Yasal Uyarı

Buradaki beyanlar yalnızca genel bilgi sağlama amacını taşımakta olup hiçbir amaç için güvenilmemelidir. Tabi olduğu koşullar için lütfen gerçek ilkeye ya da ilgili ürün veya hizmet anlaşmasına başvurun. Buradaki hiçbir unsur, alıcılara dair ya da sizin adınıza gerekli özenin gösterilmesi yükümlülüğü dahil Atradius tarafında hiçbir hak, yükümlülük, tavsiye ya da sorumluluk oluşturduğu şeklinde yorumlanamaz. Atradius, herhangi bir alıcı hakkında detaylı durum tespiti yaparsa, bu, sigortalı ya da başka birilerinin menfaati için değil, kendi sigortalama prensipleri doğrultusundadır. Ayrıca, hiçbir durumda Atradius ve hiçbir bağlı ortaklık ve yan kuruluşu buradaki beyanlarda bulunan bilgilerin kullanımından kaynaklanan doğrudan, dolaylı, özel, arızi ya da nihai zarardan sorumlu olmayacaktır.