| Details on Europe
For Western Europe, the prospects of slower consumer spending and reduced investment comes at a time when the electronics industry is already facing significant pressure as it realigns its manufacturing base to the full impacts of a global market. In 1995, Western Europe accounted for 21% of global electronics production. By 2000, this had fallen to 18% and in 2007 was estimated to be around 15% as manufacturers looked to reduce costs by moving volume production from high-cost to low-cost locations.
Cost pressures have also resulted in a change in the electronics manufacturing landscape in Europe . Volume production previously undertaken in Western Europe and which has not been transferred to China, has re-located to Central and Eastern Europe (CEE) where the benefits of an extended European Union, lower wages and the close proximity to the market provide significant advantages. Hungary , Poland and the Czech Republic have in the past been the beneficiaries but are already facing increasing competition from emerging countries such as Slovakia , Romania , Bulgaria and the Baltic States , a preferred location for Scandinavian companies.
At an estimated US$38 billion CEE accounted for around 14% of European electronics production in 2006. Looking forward production in Eastern Europe is expected to rise substantially as new plants come on stream. By 2011 Reed Electronics Research forecasts that Eastern Europe will account for around 21% of European electronics output which will be in the region of US$310 billion (Euro 225 billion).
For individual country reports follow the links opposite. For information on Europe please refer to the Volume 1 or 4 of the Yearbook or contact us directly to discuss discounted packages.
Related Products:
Yearbook of World Electronics Data
Volume 1
Yearbook of World Electronics Data
Volume 4 |
