In 2023, Germany led European motor vehicle, trailer, and semi-trailer manufacturing with an output of 443.75 billion euros. Spain and Slovakia followed with outputs of 72.42 billion and 34.72 billion euros, respectively. Germany saw a moderate yearly growth of 1.25%, while Spain and Slovakia grew by 1.43% and 2.99%. Notable growth was observed in Lithuania (8.15%), Estonia (7.33%), and Croatia (18.16%), despite their smaller market sizes. Declines were seen in Austria (-0.55%), Slovenia (-1.45%), and Latvia (-1.01%).
Future trends to watch include Germany's continued dominance, potential growth in the Baltic region, and the impact of sustainable technology advancements and geopolitical shifts on production dynamics. Electric vehicle adoption and supply chain innovations may also reshape manufacturing outputs across Europe.
Top countries in Motor Vehicles, Trailers and Semi-Trailers Manufacturing Output by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 443,750 | 2023 | +5.19% | +1.25% | View data |
| 2 | 2 Spain | 72,420 | 2023 | +5.34% | +1.43% | View data |
| 3 | 3 Slovakia | 34,720 | 2023 | +1.9% | +2.99% | View data |
| 4 | 4 Austria | 18,150 | 2023 | +3.93% | -0.55% | View data |
| 5 | 5 Portugal | 12,320 | 2023 | +5.57% | +2.24% | View data |
| 6 | 6 Slovenia | 3,560 | 2023 | +2.71% | -1.45% | View data |
| 7 | 7 Finland | 2,260 | 2023 | +1.71% | +0.91% | View data |
| 8 | 8 Lithuania | 607.32 | 2023 | +2.82% | +8.15% | View data |
| 9 | 9 Estonia | 605.45 | 2023 | -5.81% | +7.33% | View data |
| 10 | 10 Croatia | 475.06 | 2023 | -11.56% | +18.16% | View data |
