The European motor vehicles, trailers, and semi-trailers market showed a mixed performance in 2023. Slovakia led the production but experienced a slight decline of 1.86% year-on-year, followed by the Czech Republic and Hungary, which also showed declines of 2.15% and 2.97%, respectively. Germany, traditionally a strong player, saw a minor decrease of 0.3%. Conversely, Macedonia and Bulgaria exhibited significant growth, with Macedonia increasing by 2.13% and Bulgaria by 3.71%. Other markets, such as Romania and Slovenia, saw substantial declines of 7.44% and 6.76%, respectively.
Future trends to watch for in the European motor vehicles, trailers, and semi-trailers market include the adoption of electric and hybrid vehicle technologies, potential shifts in production location due to economic and political factors, and increasing investments in automation and AI within the manufacturing process. Environmental regulations and consumer preferences will also significantly shape the landscape in the coming years.
Top countries in Motor Vehicles, Trailers and Semi-Trailers Output by Country
| # | 10 Countries | Percent of Total | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovakia | 13.2 | 2023 | +3.94% | -1.86% | View data |
| 2 | 2 Czech Republic | 9.6 | 2023 | +2.13% | -2.15% | View data |
| 3 | 3 Hungary | 8.6 | 2023 | 0% | -2.97% | View data |
| 4 | 4 Germany | 6.6 | 2023 | +3.12% | -0.3% | View data |
| 5 | 5 Sweden | 4.2 | 2023 | +2.44% | -0.93% | View data |
| 6 | 6 Macedonia | 4 | 2023 | +5.26% | +2.13% | View data |
| 7 | 7 Romania | 3.6 | 2023 | -7.69% | -7.44% | View data |
| 8 | 8 Poland | 3.5 | 2023 | +2.94% | -0.56% | View data |
| 9 | 9 Slovenia | 3.1 | 2023 | +3.33% | -6.76% | View data |
| 10 | 10 Portugal | 2.7 | 2023 | 0% | -2.09% | View data |
