BIH Automotive industry assessment: Trends, challenges and opportunities

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BIH Automotive industry assessment: Trends, challenges and opportunities

May 26, 2020

Metal processing sector in Bosnia and Herzegovina (BiH), along with base metal production, has traditionally been country’s strongest and the most significant industry and export-oriented sector, accounting for more than 30% of total exports. As a sub-sector, BiH automotive industry with over 60 companies and more than 11,000 employees, has experienced development in recent years, with estimated volume of export amounting to 90% of the overall production. According to the relevant global studies, the automotive industry world-wide is going through significant changes caused by new technology-driven trends and business models that will have far-reaching consequences for the entire industry. The four megatrends will shape up the future automotive industry: electrified vehicles, autonomous vehicles, shared economy and connected vehicles with regular updates. The study has been implemented under the auspices of the Economic Governance for Growth (EGG) project, which is primarily funded by the Government of Norway and implemented by the United Nations Development Programme (UNDP) in BiH. It has been designed in close collaboration with the key national partners, namely the Foreign Trade Chamber of Bosnia and Herzegovina, Chamber of Economy of the Federation of Bosnia and Herzegovina, Chamber of Commerce and Industry of Republic of Srpska and private sector.
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