The European Electrical and Electronic Equipment for Motor Vehicles market is led by Germany, despite a 2.35% decline in 2023 compared to the previous year. Romania follows, showing a robust increase of 4.57%. Notable growth was also seen in Serbia and France, with 18.98% and 12.79% increases respectively, while countries like Hungary and Sweden experienced declines of 3.19% and 7.59%. Smaller markets like Greece and Bosnia and Herzegovina also showed growth, with increases of 8.45% and 4.24%.
Future trends to watch include:
- Germany's continued leadership and potential recovery efforts to counter recent declines.
- Romania and Serbia potentially emerging as key players with consistent growth.
- Sustainability and electrification trends pushing innovation and investment across the region.
- Economic and political factors influencing the market dynamics in countries with fluctuating performance.
Top countries in Electrical and Electronic Equipment for Motor Vehicles Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24.43 | 2023 | +2.13% | -2.35% | View data |
| 2 | 2 Romania | 18.21 | 2023 | +9.21% | +4.57% | View data |
| 3 | 3 Italy | 7.84 | 2023 | +3.05% | +2.53% | View data |
| 4 | 4 Hungary | 7.8 | 2023 | -3.5% | -3.19% | View data |
| 5 | 5 Spain | 6.94 | 2023 | +9.91% | +8.37% | View data |
| 6 | 6 Poland | 5.17 | 2023 | +5.96% | +1.21% | View data |
| 7 | 7 Serbia | 4.89 | 2023 | +12.63% | +18.98% | View data |
| 8 | 8 Austria | 4.67 | 2023 | +8.65% | +3.44% | View data |
| 9 | 9 Czech Republic | 3.92 | 2023 | +6.28% | +2.28% | View data |
| 10 | 10 France | 3.47 | 2023 | -4.67% | +12.79% | View data |
