European sold production of parts for spark-ignition engines in 2023 was led by Germany, contributing significantly higher than other nations, followed by Italy and Poland. While Germany saw a slight decline of 2.88% YoY, Italy faced a sharper decrease of 8.9%. Meanwhile, Poland, Austria, Hungary, Spain, Sweden, and Finland showed positive growth. The UK and France experienced substantial declines. Over the past five years, the average growth trends were mixed, reflecting market volatility.
Future trends to watch include:
- Technological advancements and shifts in automotive manufacturing towards electric vehicles impacting production dynamics.
- Potential market recoveries in countries with recent declines as they adapt to new technologies.
- Continued pressure on the market from global economic factors and environmental regulations prompting shifts in production strategies.
Top countries in Sold Production of Parts Suitable for Use Solely or Principally with Spark-Ignition Internal Combustion Piston Engines by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,608,000,000 | 2023 | +0.29% | -2.88% | View data |
| 2 | 2 Italy | 893,560,000 | 2023 | -0.12% | -8.9% | View data |
| 3 | 3 Poland | 569,270,000 | 2023 | +2.8% | +1.4% | View data |
| 4 | 4 Austria | 412,200,000 | 2023 | +9.16% | +2.79% | View data |
| 5 | 5 Hungary | 333,620,000 | 2023 | +1.55% | +2.76% | View data |
| 6 | 6 Spain | 259,620,000 | 2023 | +8.83% | +1.56% | View data |
| 7 | 7 Sweden | 184,940,000 | 2023 | +16.84% | +2.97% | View data |
| 8 | 8 United Kingdom | 172,930,000 | 2023 | -12.68% | -10.91% | View data |
| 9 | 9 France | 158,750,000 | 2023 | -13.64% | -12.13% | View data |
| 10 | 10 Portugal | 137,080,000 | 2023 | +6.17% | -1.32% | View data |
