In 2023, Germany dominated the European motor vehicle production market, contributing 32.7%. However, it experienced a significant drop of 14.54% year-on-year. The United Kingdom was second with a minor growth of 0.66%, followed by Spain and Slovakia, which saw a slight increase. Other notable performers include Hungary and Poland, demonstrating solid growth. Germany's decline and Slovakia's growth are pivotal, with Slovakia increasing by 7.62%. Meanwhile, smaller economies like Belgium and the Netherlands showed impressive growth with 44.43% and 12.03%, respectively.
Future trends to watch involve Germany potentially recovering its share through innovation and Slovakia continuing its upward trend. Emerging markets in the EU, such as the Netherlands and Belgium, could expand further if current growth strategies sustain. The shift towards electric vehicles and sustainable practices might significantly alter production dynamics across Europe.
Top countries in Sold Production of Motor Vehicle Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 32.7 | 2023 | -0.6% | -14.54% | View data |
| 2 | 2 United Kingdom | 22.12 | 2023 | +1.54% | +0.66% | View data |
| 3 | 3 Spain | 14.96 | 2023 | +5.97% | +0.1% | View data |
| 4 | 4 Slovakia | 9.04 | 2023 | +5.06% | +7.62% | View data |
| 5 | 5 Italy | 8.61 | 2023 | +8.46% | +0.73% | View data |
| 6 | 6 Hungary | 6.87 | 2023 | +3.71% | +3.24% | View data |
| 7 | 7 Czechia | 5.13 | 2021 | |||
| 8 | 8 Poland | 3.17 | 2023 | +2.1% | +4.38% | View data |
| 9 | 9 Finland | 1.8 | 2023 | +7.49% | +1.76% | View data |
| 10 | 10 France | 1.03 | 2021 | -90.03% | -38.57% | View data |
