In 2023, the United Kingdom led Europe with 1,500 enterprises in motor vehicle parts and accessories, with a slight decline of 0.2% in businesses from the previous year. Italy, with 1,410 enterprises, saw a small increase of 2.8%. Germany showed a notable increase of 14%, reaching 1,180 enterprises, while Poland followed closely with a 25% rise to 1,140 enterprises. Romania saw the highest growth at 1.97%, contrasting Spain's significant decline, losing 93% of its enterprises. Slovakia experienced a remarkable 6.16% increase. In contrast, countries like Belgium and Austria saw notable declines of 3.63% and 3.32%, respectively.
Future trends to monitor include the potential consolidation of enterprises in Western Europe and potential growth in Eastern Europe driven by investments and partnerships. As electrification and new technologies become more pronounced, expect shifting business dynamics and possibly new players entering the market, disturbing traditional patterns.
Top countries in Parts and Accessories for Motor Vehicles Number of Enterprises by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 1,500 | 2023 | +0.34% | -0.2% | View data |
| 2 | 2 Italy | 1,410 | 2023 | -0.21% | +0.028% | View data |
| 3 | 3 Germany | 1,180 | 2023 | -0.34% | +0.14% | View data |
| 4 | 4 Poland | 1,140 | 2023 | +0.88% | +0.25% | View data |
| 5 | 5 Czech Republic | 848 | 2023 | -0.12% | +0.24% | View data |
| 6 | 6 Spain | 771 | 2023 | -0.39% | -0.93% | View data |
| 7 | 7 France | 534 | 2023 | -1.65% | -0.4% | View data |
| 8 | 8 Portugal | 476 | 2023 | -0.21% | -0.9% | View data |
| 9 | 9 Sweden | 456 | 2023 | -2.15% | -1.94% | View data |
| 10 | 10 Romania | 387 | 2023 | +1.04% | +1.97% | View data |
