The European suspension systems and parts market in 2023 saw Spain leading with the highest production, followed by Poland. Significant growth was noted in countries like Germany and Romania, increasing by 4.56% and 7.54% respectively. Italy and the UK saw contractions, with decreases of 7.88% and 31.87%. Minimal production was observed in Finland and Lithuania, with noticeable growth of 5.01% and 7.29% respectively.
Looking ahead, watch for:
- Increased innovation in Germany and Poland driving future growth.
- Potential market recovery in Italy and the UK.
- Technological advancements affecting production capacities in smaller markets like Finland and Lithuania.
Top countries in Sold Production of Suspension Systems and Parts by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 212,070,000 | 2023 | +7.19% | +1.57% | View data |
| 2 | 2 Poland | 88,002,000 | 2023 | +1.5% | +3.88% | View data |
| 3 | 3 Czechia | 50,911,000 | 2023 | |||
| 4 | 4 Germany | 40,895,000 | 2023 | +3.79% | +4.56% | View data |
| 5 | 5 Hungary | 22,277,000 | 2023 | +4.23% | +3.68% | View data |
| 6 | 6 Italy | 11,296,000 | 2023 | -0.81% | -7.88% | View data |
| 7 | 7 Romania | 9,276,600 | 2023 | +4.77% | +7.54% | View data |
| 8 | 8 United Kingdom | 999,060 | 2023 | -48.48% | -31.87% | View data |
| 9 | 9 Finland | 38,250 | 2023 | +2.44% | +5.01% | View data |
| 10 | 10 Lithuania | 199 | 2023 | +6.99% | +7.29% | View data |
