Germany leads the European market for suspension systems and parts production in 2024, with 1.4731 billion Euros. Spain and Italy follow, with 1.0668 and 0.73415 billion Euros, respectively. From 2022 to 2023, France showed significant growth of 29.99%, while other major markets like Italy and the United Kingdom experienced contractions. Romania and Hungary have also witnessed notable growth, marking consistent increments. Overall, the market indicates varied trends, with some nations like Croatia seeing steep declines over the last year.
Future trends to watch include:
- Germany's market direction as it's the current leader.
- Potential stabilization or further growth in Spain and Poland.
- Growth prospects in Romania based on its recent positive trend.
- The broader influence of technological advancements and sustainability efforts across all European countries.
Top countries in Sold Production of Suspension Systems and Parts by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,473,100,000 | 2023 | +6.64% | -0.47% | View data |
| 2 | 2 Spain | 1,066,800,000 | 2023 | +5.89% | +1.92% | View data |
| 3 | 3 Italy | 734,150,000 | 2023 | +3.63% | -1.23% | View data |
| 4 | 4 Czechia | 562,540,000 | 2023 | |||
| 5 | 5 France | 335,580,000 | 2023 | +12.99% | +29.99% | View data |
| 6 | 6 United Kingdom | 271,860,000 | 2023 | -0.19% | -1.93% | View data |
| 7 | 7 Poland | 269,640,000 | 2023 | +2.57% | +2.76% | View data |
| 8 | 8 Romania | 210,940,000 | 2023 | +5.59% | +7.47% | View data |
| 9 | 9 Hungary | 50,269,000 | 2023 | +3.56% | +2.98% | View data |
| 10 | 10 Finland | 4,013,900 | 2023 | +3.95% | +7.79% | View data |
