In 2023, Italy led the European market in sold production of parts and accessories for motorcycles and side-cars with a value of 1.2332 billion euros, experiencing a significant year-on-year growth of 17.43%. Germany, the second-largest market, saw a decrease of 7.88%, bringing its value to 0.24652 billion euros. Spain, marking a modest gain of 2.44%, stood at 0.082451 billion euros, while the United Kingdom experienced a decline of 3.76% to 0.040953 billion euros. France showed a slight improvement with a 1.77% increase. The market remained relatively stable among smaller producers such as Portugal, Czechia, and Denmark, with moderate growth rates near 3% and 4%. Eastern European countries like Hungary and Croatia faced declines, while Estonia showed strong growth with a 15.08% increase.
Future trends to watch include:
- The shifting dynamics in Germany as it attempts to recover its declining market share.
- Italy's continued dominance and potential expansion strategy in Europe.
- Growth opportunities in smaller markets like Estonia, which showed promising increases in recent years.
- The impact of sustainable practices and technological advancements in manufacturing on market values and production volumes.
Top countries in Sold Production of Parts and Accessories of Motorcycles and Side-Cars by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,233,200,000 | 2023 | +3.41% | +17.43% | View data |
| 2 | 2 Germany | 246,520,000 | 2023 | +1.62% | -7.88% | View data |
| 3 | 3 Spain | 82,451,000 | 2023 | +0.57% | +2.44% | View data |
| 4 | 4 United Kingdom | 40,953,000 | 2023 | -2.98% | -3.76% | View data |
| 5 | 5 France | 31,063,000 | 2023 | -2.05% | +1.77% | View data |
| 6 | 6 Portugal | 20,404,000 | 2023 | +1.69% | +3.07% | View data |
| 7 | 7 Czechia | 19,895,000 | 2023 | |||
| 8 | 8 Denmark | 19,549,000 | 2023 | +2.35% | +4.16% | View data |
| 9 | 9 Hungary | 2,872,800 | 2023 | +3.06% | -1.52% | View data |
| 10 | 10 Croatia | 329,000 | 2023 | +1.59% | -0.031% | View data |