In 2023, Spain dominated the European market for the production of suspension systems, securing a 47.21% share. Poland and Czechia followed with 19.59% and 11.33%, respectively. Germany trailed with 9.1%, with Hungary and Italy holding smaller shares of 4.96% and 2.51%. Notably, while Romania grew by 7.54%, the United Kingdom saw a significant decline of 31.87%. Over the past five years, some countries, like Finland and Lithuania, observed positive changes, although from smaller bases.
Looking ahead to 2024, expect technological advancements to influence production scales and efficiency. Environmental regulations could reshape market dynamics, emphasizing sustainability in production and innovation.
Top countries in Sold Production of Suspension Systems and Parts Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 47.21 | 2023 | +7.19% | +1.57% | View data |
| 2 | 2 Poland | 19.59 | 2023 | +1.5% | +3.88% | View data |
| 3 | 3 Czechia | 11.33 | 2023 | |||
| 4 | 4 Germany | 9.1 | 2023 | +3.79% | +4.56% | View data |
| 5 | 5 Hungary | 4.96 | 2023 | +4.23% | +3.68% | View data |
| 6 | 6 Italy | 2.51 | 2023 | -0.81% | -7.88% | View data |
| 7 | 7 Romania | 2.07 | 2023 | +4.77% | +7.54% | View data |
| 8 | 8 United Kingdom | 0.22 | 2023 | -48.48% | -31.87% | View data |
| 9 | 9 Finland | 0.009 | 2023 | +2.44% | +5.01% | View data |
| 10 | 10 Lithuania | 0 | 2023 | +6.99% | +7.29% | View data |
