Germany dominates the European motor vehicle, trailer, and semi-trailer manufacturing sector with a significant 40.68 million Euros, a modest 1.02% growth in 2023. France and the UK follow, with shares of 10.38 and 8.04 million Euros, respectively. Noteworthy growth rates include the Czech Republic's 2.12% and Poland's 2.97%. Italy's sector faced a decline of 4.01% in 2023. Emerging markets with strong growth include Hungary and Romania, both at 3.24%. Portugal registered the highest growth at 4.65%. Bulgaria achieved a remarkable growth of 7.35%, though from a smaller base.
Future trends to monitor:
- Expect steady growth in Eastern European markets, driven by investments and growing expertise in manufacturing, especially in Poland, Slovakia, and Romania.
- Watch for shifts in production due to regulatory changes and the transition towards electric and autonomous vehicles.
- The industry's growth may also be impacted by global supply chain adjustments and sustainability concerns.
- Western European countries may face increasing competition and need to innovate to maintain their market shares.
Top countries in Motor Vehicles, Trailers and Semi-Trailers Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 40.68 | 2023 | +4.3% | +1.02% | View data |
| 2 | 2 France | 10.38 | 2023 | +7.91% | +1.03% | View data |
| 3 | 3 United Kingdom | 8.04 | 2023 | +1.39% | +1.85% | View data |
| 4 | 4 Spain | 6.77 | 2023 | +3.62% | +0.91% | View data |
| 5 | 5 Czech Republic | 5.36 | 2023 | +5.48% | +2.12% | View data |
| 6 | 6 Italy | 5.11 | 2023 | -0.83% | -4.01% | View data |
| 7 | 7 Poland | 4.08 | 2023 | +7.24% | +2.97% | View data |
| 8 | 8 Sweden | 3.63 | 2023 | +3.54% | -1.65% | View data |
| 9 | 9 Slovakia | 3.35 | 2023 | +4.34% | +3.08% | View data |
| 10 | 10 Hungary | 2.99 | 2023 | +4.3% | +3.24% | View data |
