In 2023, Romania dominated European sold production of starter motors and related equipment, with a notable market share, followed by Hungary and France. Germany and Spain also played significant roles, albeit with smaller shares. Year-on-year variation shows growth in Romania, Hungary, France, and Spain with a notable decrease in Germany and Portugal. Five-year CAGR highlights a growth trend across most countries, except for a contraction in Germany and Portugal.
Looking ahead, the European market is expected to see increased shifts towards electrification, which may impact the demand for traditional starter motors. Countries leading in innovation and adaptation to electric systems could influence future market dynamics significantly.
Top countries in Sold Production of Starter Motors and Dual-Purpose Starter-Generators, Generators and Equipment for Internal Combustion Engines Share by Country (Euros)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 57.38 | 2023 | +5.2% | +3.76% | View data |
| 2 | 2 Hungary | 14.7 | 2023 | +3.17% | +2.34% | View data |
| 3 | 3 France | 11.45 | 2023 | +11.29% | +7.41% | View data |
| 4 | 4 Germany | 6.48 | 2023 | +5.97% | -1.37% | View data |
| 5 | 5 Spain | 5.36 | 2023 | +12.34% | +3.83% | View data |
| 6 | 6 Portugal | 2.12 | 2023 | +17.98% | -3.06% | View data |
| 7 | 7 Italy | 1.23 | 2023 | -5.68% | +3.1% | View data |
| 8 | 8 Bulgaria | 0.22 | 2023 | +4.06% | +6.27% | View data |
| 9 | 9 Lithuania | 0.11 | 2023 | +5.34% | +4.18% | View data |
