In 2023, Germany led the European production of bumpers and parts, albeit with a slight decline of 1.84%. The UK and Slovakia experienced growth, by 4.08% and 7.88% respectively. Italy and Hungary also saw significant increases, at 5.34% and 13.68%. Spain, Poland, and Belgium showed reductions, with Belgium facing a notable decrease of 11.35%. Smaller markets such as Estonia and Lithuania saw more dramatic percentage changes, with Lithuania dropping by 26%.
Looking ahead, market uncertainties will likely influence production dynamics. Watch for increasing automation, potential shifts in supply chains due to geopolitical factors, and growth in Eastern European countries as they continue to enhance manufacturing capabilities in the automotive sector.
Top countries in Sold Production of Bumpers and Parts by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,033,200,000 | 2023 | +6.22% | -1.84% | View data |
| 2 | 2 United Kingdom | 648,310,000 | 2023 | +2.93% | +4.08% | View data |
| 3 | 3 Czechia | 555,760,000 | 2023 | |||
| 4 | 4 Slovakia | 526,170,000 | 2023 | +4.97% | +7.88% | View data |
| 5 | 5 Spain | 479,520,000 | 2023 | +8.51% | -0.16% | View data |
| 6 | 6 Poland | 477,880,000 | 2023 | +1.22% | -2.75% | View data |
| 7 | 7 Sweden | 146,360,000 | 2021 | +1.44% | View data | |
| 8 | 8 Portugal | 88,289,000 | 2023 | +1.05% | -0.053% | View data |
| 9 | 9 Italy | 82,213,000 | 2023 | +1.85% | +5.34% | View data |
| 10 | 10 Belgium | 46,356,000 | 2023 | -16.42% | -11.35% | View data |
