In 2023, Germany led the European Wholesale, Retail, and Repair of Motor Vehicles and Motorcycles sector with a gross value added share of €46.79 million, exhibiting a 5.2% year-on-year increase. Italy followed with €24.68 million, growing by 1.7%. The Netherlands showed a notable rise of 5.73%, reaching €15.12 million. Belgium and Finland also experienced growth with 4.22% and 1.83% increases, respectively. Smaller countries like Slovakia and Lithuania showed significant growth rates exceeding 6%, while Latvia and Estonia exhibited even larger growth at over 6%. Cyprus grew modestly at 0.76%.
Future trends to watch for include:
- Technological advancements in vehicles leading to increased repair and maintenance requirements.
- Regulatory changes impacting emission standards, influencing market dynamics in vehicle sales and repairs.
- A shift towards electric vehicles, which might alter the distribution of gross value added shares across countries.
- The continuous evolution of digital sales channels, likely reshaping the wholesale and retail landscape.
Top countries in Wholesale, Retail and Repair of Motor Vehicles and Motorcycles Gross Value Added Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 46.79 | 2023 | +4.84% | +5.2% | View data |
| 2 | 2 Italy | 24.68 | 2023 | -2.55% | +1.7% | View data |
| 3 | 3 Netherlands | 15.12 | 2023 | +5.82% | +5.73% | View data |
| 4 | 4 Belgium | 7.06 | 2023 | +1.76% | +4.22% | View data |
| 5 | 5 Finland | 2.38 | 2023 | +1.77% | +1.83% | View data |
| 6 | 6 Slovakia | 1.4 | 2023 | +2.62% | +6.6% | View data |
| 7 | 7 Lithuania | 1.2 | 2023 | +4.07% | +6.64% | View data |
| 8 | 8 Latvia | 0.61 | 2023 | +9.43% | +7.12% | View data |
| 9 | 9 Estonia | 0.49 | 2023 | +4.09% | +6.38% | View data |
| 10 | 10 Cyprus | 0.27 | 2023 | +1.7% | +0.76% | View data |
