The European Value Added in motor vehicles, trailers, and semi-trailers is dominated by Germany, contributing significantly more than other countries. Notable growth occurred in Slovakia with a 7.21% increase, while Belgium and Greece experienced declines, with a drop of 2.04% and 5.84% respectively. Germany, Italy, and Spain showed modest growths, reflecting stability in their automotive sectors. The compound annual growth rate (CAGR) over the last five years indicates consistent expansion across most regions, with exceptions like Greece showing negative trends.
Future trends to watch include:
- Technological advancements, particularly in electric vehicles, could shift value-added shares significantly among countries.
- Regulatory changes and environmental policies might impact production and market dynamics across the region.
- Supply chain adjustments post-COVID-19 may alter competitive landscapes, influencing countries' contributions differently.
Top countries in Value Added of Motor Vehicles, Trailers and Semi-trailers Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 71.7 | 2023 | +2.31% | +1.72% | View data |
| 2 | 2 Italy | 7.55 | 2023 | +1.8% | +0.88% | View data |
| 3 | 3 France | 6.4 | 2023 | -0.29% | +0.12% | View data |
| 4 | 4 Spain | 6.36 | 2023 | +1.72% | +1.6% | View data |
| 5 | 5 Slovakia | 2.29 | 2023 | +4.07% | +7.21% | View data |
| 6 | 6 Austria | 2.12 | 2023 | +1.45% | +1.24% | View data |
| 7 | 7 Netherlands | 1.55 | 2023 | +2.59% | +1.96% | View data |
| 8 | 8 Belgium | 1.04 | 2023 | -1.72% | -2.04% | View data |
| 9 | 9 Slovenia | 0.41 | 2023 | +2.74% | +2.56% | View data |
| 10 | 10 Finland | 0.39 | 2023 | +3.02% | +2.11% | View data |
