Germany leads the European market with a dominant share, although it experienced a slight decline of 2.88% in 2023. Notably, Italy and the United Kingdom faced significant reductions of 8.9% and 10.91%, respectively. Poland and Austria showed resilience with positive year-on-year growth. Lesser but steady growth was observed in Hungary and Sweden. Conversely, France marked a substantial decrease of 12.13%. Estonia had the sharpest decline of 31.24%, indicating a volatile presence in the market. Over a five-year period, the compounded annual growth rates across most countries suggest varied stability with mixed future prospects.
Future trends to watch include:
- Technological advancements impacting production efficiency and market dynamics.
- Emerging environmental regulations influencing demand for engine parts.
- Potential shifts in market share as countries adopt electric vehicle technologies.
- The impact of supply chain adjustments post the economic fluctuations of recent years.
- Opportunities for market expansion in Eastern European countries as they increase production capacities.
Top countries in Sold Production of Parts Suitable for Use Solely or Principally with Spark-Ignition Internal Combustion Piston Engines Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 59.79 | 2023 | +0.29% | -2.88% | View data |
| 2 | 2 Italy | 11.59 | 2023 | -0.12% | -8.9% | View data |
| 3 | 3 Poland | 7.39 | 2023 | +2.8% | +1.4% | View data |
| 4 | 4 Austria | 5.35 | 2023 | +9.16% | +2.79% | View data |
| 5 | 5 Hungary | 4.33 | 2023 | +1.55% | +2.76% | View data |
| 6 | 6 Spain | 3.37 | 2023 | +8.83% | +1.56% | View data |
| 7 | 7 Sweden | 2.4 | 2023 | +16.84% | +2.97% | View data |
| 8 | 8 United Kingdom | 2.24 | 2023 | -12.68% | -10.91% | View data |
| 9 | 9 France | 2.06 | 2023 | -13.64% | -12.13% | View data |
| 10 | 10 Portugal | 1.78 | 2023 | +6.17% | -1.32% | View data |
