The European Motor Vehicles, Trailers, and Semi-Trailers Manufacturing sector in 2023 displayed varying trends across countries. Italy remained a leading contributor with a gross value added of 14.81 billion Euros, albeit with a slight year-on-year decline of 0.47%. Spain's sector value stood at 12.4 billion Euros, with minimal fluctuation. Austria experienced a significant contraction with a 3.97% decrease. Meanwhile, smaller economies like Estonia and Greece saw robust growth, expanding by 3.06% and 5.76%, respectively.
Looking ahead, watch for potential recovery or further declines in Austria and the Netherlands. Observing technological advancements, electric vehicle adoption, and post-pandemic market adjustments will be crucial in understanding shifts in competitive dynamics and investment opportunities within this sector across Europe.
Top countries in Motor Vehicles, Trailers and Semi-Trailers Manufacturing Gross Value Added by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 14,810 | 2023 | +5.85% | -0.47% | View data |
| 2 | 2 Spain | 12,400 | 2023 | +2.79% | -0.0097% | View data |
| 3 | 3 Austria | 3,790 | 2023 | +4.58% | -3.97% | View data |
| 4 | 4 Netherlands | 2,740 | 2023 | +4.11% | -1.5% | View data |
| 5 | 5 Slovenia | 714.66 | 2023 | +2.92% | -1.11% | View data |
| 6 | 6 Finland | 702 | 2023 | +1.59% | -0.97% | View data |
| 7 | 7 Ireland | 214.58 | 2023 | +4.55% | +1.53% | View data |
| 8 | 8 Estonia | 124.88 | 2023 | -10.41% | +3.06% | View data |
| 9 | 9 Latvia | 75.6 | 2023 | +3.36% | -1.41% | View data |
| 10 | 10 Greece | 63.89 | 2023 | +0.02% | +5.76% | View data |
