Germany leads with a production value of 92.34 billion Euros, underscoring its dominance in the market. Growth trends over the past year show Poland and Romania outperforming, with growth rates of 3.18% and 4.01% respectively. Conversely, Italy saw a decline of 0.26%, and Belgium faced a significant contraction of 7.62%. Smaller markets like Serbia with 14.0% growth and Bulgaria with 6.87% indicate robust performance. The UK had modest growth at 1.34%, while nations like Iceland faced severe downturns, dropping 20.47%.
Watch for increased technological advancements and environmental regulations impacting production. Central and Eastern Europe could further capitalize on favorable conditions, shifting the balance of production power. Western European countries may face challenges from evolving global supply chains.
Top countries in Parts and Accessories for Motor Vehicles Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 92,340 | 2023 | +4.99% | +1.79% | View data |
| 2 | 2 France | 29,820 | 2023 | +7.09% | +1.28% | View data |
| 3 | 3 Czech Republic | 29,360 | 2023 | +7.44% | +2.3% | View data |
| 4 | 4 Italy | 25,330 | 2023 | +4.92% | -0.26% | View data |
| 5 | 5 Poland | 25,290 | 2023 | +7.83% | +3.18% | View data |
| 6 | 6 Spain | 20,600 | 2023 | +5.77% | +0.025% | View data |
| 7 | 7 Romania | 17,910 | 2023 | +8.05% | +4.01% | View data |
| 8 | 8 Hungary | 14,880 | 2023 | +4.02% | +3.09% | View data |
| 9 | 9 United Kingdom | 13,930 | 2023 | +0.54% | +1.34% | View data |
| 10 | 10 Slovakia | 13,420 | 2023 | +7.78% | +3.99% | View data |
