In 2023, the European motor vehicle, trailers, and semi-trailers production index highlights notable trends across countries. Lithuania led with a strong index value, showing significant growth despite its smaller market size. Latvia, Macedonia, and Greece also exhibited robust index values. Poland and Romania showed moderate improvements, while major markets like Germany, France, and Italy witnessed declines, indicating challenges within bigger economies. Year-on-year data reveals increases for Lithuania and Greece, suggesting sustained growth patterns, while Western European countries face declines due to possible market saturation or supply chain issues.
Future trends to watch include the impact of shifting consumer preferences towards electric vehicles, regulatory changes targeting carbon emissions, and technological advancements shaping production processes. Continued investments in innovation and sustainable practices will be crucial in maintaining competitiveness and growth within the sector.
Top countries in Motor Vehicles, Trailers and Semi-Trailers Production Index by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 305.9 | 2022 | +27.56% | +15.38% | View data |
| 2 | 2 Latvia | 201.8 | 2022 | +13.56% | +8.37% | View data |
| 3 | 3 Macedonia | 187.9 | 2022 | +6.82% | +3.82% | View data |
| 4 | 4 Greece | 157.1 | 2022 | +23.41% | +11.79% | View data |
| 5 | 5 Bulgaria | 155.3 | 2022 | +17.47% | +5.5% | View data |
| 6 | 6 Poland | 141.6 | 2022 | +17.22% | +4.1% | View data |
| 7 | 7 Romania | 131.5 | 2022 | -0.23% | +0.15% | View data |
| 8 | 8 Czech Republic | 128.9 | 2022 | +11.7% | +1.01% | View data |
| 9 | 9 Sweden | 122.8 | 2022 | -4.81% | -1.25% | View data |
| 10 | 10 Netherlands | 118.7 | 2022 | -0.34% | -2.93% | View data |
