In 2023, Germany dominated the European motor vehicle parts and accessories sector with a turnover of €95.21 billion, experiencing a modest growth of 1.25% compared to the prior year. France and the Czech Republic followed, with France experiencing a slight decline. Poland and Romania showed notable positive growth with a 3.29% and 4.64% increase respectively. Meanwhile, Italy and Belgium faced declines, and Ireland and Finland posted significant increases. Serbia’s turnover surged impressively by 13.56%
Future trends to watch include technology-driven changes such as the growth of electric vehicle components, increasing regional competition, and the impact of economic fluctuations on the automotive supply chain across European markets.
Top countries in Parts and Accessories for Motor Vehicles Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 95,210 | 2023 | +4.85% | +1.25% | View data |
| 2 | 2 France | 30,850 | 2023 | +7.2% | -0.73% | View data |
| 3 | 3 Czech Republic | 30,120 | 2023 | +7.34% | +2.52% | View data |
| 4 | 4 Poland | 26,130 | 2023 | +7.85% | +3.29% | View data |
| 5 | 5 Italy | 24,550 | 2023 | +4.65% | -0.63% | View data |
| 6 | 6 Spain | 21,710 | 2023 | +5.36% | +0.99% | View data |
| 7 | 7 Romania | 18,080 | 2023 | +8.53% | +4.64% | View data |
| 8 | 8 Hungary | 15,820 | 2023 | +4.02% | +3.1% | View data |
| 9 | 9 United Kingdom | 14,290 | 2023 | +0.45% | +1.03% | View data |
| 10 | 10 Slovakia | 13,960 | 2023 | +7.67% | +3.83% | View data |
