In 2023, Italy leads in the European Motor Vehicles, Trailers, and Semi-Trailers Manufacturing Gross Value Added, contributing significantly with 41.55 million euros, followed by Spain at 34.79 million euros. Austria, the Netherlands, and Slovenia also make notable contributions, while Northern European and Baltic countries like Finland, Ireland, Estonia, and Latvia add smaller yet vital amounts. Year-on-year changes reveal notable declines for Austria and Latvia, a slight dip for Italy, with Greece showing a strong uptick of 5.76%. Estonia also showcased significant growth at 3.06%, while Ireland displayed a positive trend with a 1.53% increase.
Future trends to watch include technological advancements in manufacturing processes that could impact efficiency and value across Europe. Sustainability and the shift toward electric vehicles may also alter the gross value added distribution, favoring countries investing heavily in these technologies. Moreover, international trade policies could influence cross-border manufacturing collaborations and economic contributions from smaller countries in this sector.
Top countries in Motor Vehicles, Trailers and Semi-Trailers Manufacturing Gross Value Added Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 41.55 | 2023 | +5.85% | -0.47% | View data |
| 2 | 2 Spain | 34.79 | 2023 | +2.79% | -0.0097% | View data |
| 3 | 3 Austria | 10.64 | 2023 | +4.58% | -3.97% | View data |
| 4 | 4 Netherlands | 7.68 | 2023 | +4.11% | -1.5% | View data |
| 5 | 5 Slovenia | 2.01 | 2023 | +2.92% | -1.11% | View data |
| 6 | 6 Finland | 1.97 | 2023 | +1.59% | -0.97% | View data |
| 7 | 7 Ireland | 0.6 | 2023 | +4.55% | +1.53% | View data |
| 8 | 8 Estonia | 0.35 | 2023 | -10.41% | +3.06% | View data |
| 9 | 9 Latvia | 0.21 | 2023 | +3.36% | -1.41% | View data |
| 10 | 10 Greece | 0.18 | 2023 | +0.02% | +5.76% | View data |
