In 2023, Germany dominated the European motor vehicles, trailers, and semi-trailers market with a turnover share of 43.21 million euros, followed by France at 12.3 million euros and the United Kingdom at 7.5 million euros. Smaller yet significant markets included Spain, Italy, and the Czech Republic. Notably, Poland and Hungary experienced substantial year-on-year growth of 2.85% and 3.66%, respectively. Conversely, Italy and Belgium saw declines of 5.24% and 0.36%. The Netherlands had marked growth at 11.57%, indicating a strong upward trend.
Future trends to watch include the potential for significant market expansion in Eastern European countries such as Romania, Bulgaria, and Hungary due to their consistent year-on-year growth. Additionally, the Netherlands is emerging as a key player with its exceptional performance, signaling a possible shift in market dynamics.
Top countries in Motor Vehicles, Trailers and Semi-Trailers Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 43.21 | 2023 | +4.03% | +1.52% | View data |
| 2 | 2 France | 12.3 | 2023 | +6.7% | +2.01% | View data |
| 3 | 3 United Kingdom | 7.5 | 2023 | +1.47% | +1.88% | View data |
| 4 | 4 Spain | 6.17 | 2023 | +4.79% | +1.62% | View data |
| 5 | 5 Italy | 4.92 | 2023 | -0.66% | -5.24% | View data |
| 6 | 6 Czech Republic | 4.5 | 2023 | +5.87% | +2.62% | View data |
| 7 | 7 Sweden | 4.09 | 2023 | +6.09% | +1.76% | View data |
| 8 | 8 Poland | 3.45 | 2023 | +3.47% | +2.85% | View data |
| 9 | 9 Slovakia | 2.76 | 2023 | +4.37% | +3.14% | View data |
| 10 | 10 Hungary | 2.53 | 2023 | +4.44% | +3.66% | View data |
