In 2023, the European motor vehicles and motorcycles market showed dynamic growth in the Wholesale, Retail, and Repair sectors. Germany, leading the chart with an output of 723.43 billion Euros, reflected a 6.07% increase from previous years, indicating robust automotive sector resilience. France and Spain followed with 530.95 and 293.5 billion Euros, showcasing 3.72% and 4.06% annual growth, respectively. Smaller markets like Estonia and Latvia exhibited the highest percentages of increase at 7.87% and 5.6%, underscoring rising market potentials across the EU. Over a five-year horizon, the compound annual growth remains positive, suggesting overall sectorial health and gradual improvement.
Looking ahead, the motor vehicle and motorcycle market in Europe is set to continue evolving. Key trends include advancements in electric vehicle technology, growth in sustainable practices, and increased digitization of retail services. Countries with smaller outputs are expected to experience significant transformations as they harness emerging technologies and align with EU's environmental goals.
Top countries in Wholesale, Retail and Repair of Motor Vehicles and Motorcycles Output by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 723,430 | 2023 | +6.14% | +6.07% | View data |
| 2 | 2 France | 530,950 | 2023 | +2.91% | +3.72% | View data |
| 3 | 3 Spain | 293,500 | 2023 | +2.4% | +4.06% | View data |
| 4 | 4 Netherlands | 226,470 | 2023 | +4.74% | +5.56% | View data |
| 5 | 5 Ireland | 52,900 | 2023 | +2.1% | +3.84% | View data |
| 6 | 6 Portugal | 50,760 | 2023 | +2.05% | +4.52% | View data |
| 7 | 7 Croatia | 12,900 | 2023 | +2.1% | +5.71% | View data |
| 8 | 8 Latvia | 8,470 | 2023 | +2.89% | +5.6% | View data |
| 9 | 9 Estonia | 8,150 | 2023 | +5.63% | +7.87% | View data |
| 10 | 10 Malta | 2,090 | 2023 | +3.21% | +2.2% | View data |
