In 2023, Lithuania led the European Motor Vehicles, Trailers, and Semi-Trailers turnover index, with substantial growth observed over recent years. Macedonia and Latvia also showed notable increases. The sector faced declines in Italy and Spain. Variations in 2022 mirrored past growth patterns, though Greece displayed a remarkable increase, suggesting robust expansion in that period. Germany and France experienced relatively stagnant growth.
Future trends to watch include the potential for continued growth in Eastern European markets, driven by manufacturing capacity and regional demand. Western Europe may face stagnation or slight declines due to market saturation and economic challenges. Sustainability and technological advancements could redefine market competitiveness. Enhanced trade regulations and evolving consumer preferences will significantly impact turnover trends in the region.
Top countries in Motor Vehicles, Trailers and Semi-Trailers Turnover Index by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 310.1 | 2022 | +31.01% | +15.43% | View data |
| 2 | 2 Macedonia | 250 | 2022 | +42.78% | +6.57% | View data |
| 3 | 3 Latvia | 235.7 | 2022 | +23.08% | +10.76% | View data |
| 4 | 4 Romania | 198.4 | 2022 | +21.2% | +7.22% | View data |
| 5 | 5 Greece | 168.8 | 2022 | +25.97% | +13.66% | View data |
| 6 | 6 Poland | 168.1 | 2022 | +24.61% | +6.92% | View data |
| 7 | 7 Portugal | 159.6 | 2022 | +14% | +6.28% | View data |
| 8 | 8 Netherlands | 159.3 | 2022 | +22.16% | +1.18% | View data |
| 9 | 9 Sweden | 143.6 | 2022 | +6.29% | +1.84% | View data |
| 10 | 10 Finland | 136 | 2022 | +6.5% | +0.64% | View data |
