In 2023, Germany led the European Value Added for the Wholesale, Retail Trade, and Repair of Motor Vehicles and Motorcycles with 42.83 million euros, showcasing a significant contribution relative to other countries. Italy and Spain followed with values around 15.6 million euros, highlighting their substantial but smaller roles. Among smaller economies, Estonia, Luxembourg, and Slovakia observed notable growth rates, with Slovakia experiencing the highest year-on-year growth of 5.23%, followed by Estonia at 3.45%. Over the past five years, these countries demonstrated a favorable CAGR, indicating a robust, although varied, growth pattern across Europe.
Future trends to watch include:
- An expected continued dominance of Germany in this sector, given its substantial market size and recent growth patterns.
- A monitoring of growth in emerging economies like Slovakia and Estonia, as they show potential for increased market shares.
- Potential market shifts due to technological advancements and regulatory changes aimed at boosting the transition to electric vehicles.
Top countries in Value Added of Wholesale, Retail Trade and Repair of Motor Vehicles and Motorcycles Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 42.83 | 2023 | +1.59% | +2.79% | View data |
| 2 | 2 Italy | 15.62 | 2023 | +1.19% | +1.97% | View data |
| 3 | 3 Spain | 15.61 | 2023 | +1.93% | +1.89% | View data |
| 4 | 4 Netherlands | 7.55 | 2023 | +1.5% | +1.3% | View data |
| 5 | 5 Belgium | 5.93 | 2023 | +1.78% | +1.75% | View data |
| 6 | 6 Austria | 4.49 | 2023 | +1.88% | +1.96% | View data |
| 7 | 7 Finland | 2.83 | 2023 | +1.87% | +1.88% | View data |
| 8 | 8 Greece | 1.57 | 2023 | +0.27% | +1.79% | View data |
| 9 | 9 Ireland | 1.36 | 2023 | +1.69% | +1.47% | View data |
| 10 | 10 Slovakia | 0.93 | 2023 | +2.92% | +5.23% | View data |
