In 2023, Germany remained the dominant player in the European market for parts of spark-ignition internal combustion engines, capturing a significant share. However, its production decreased by 2.88% year-on-year. Other key players like Italy and the UK faced notable declines of 8.9% and 10.91%, respectively. On the other hand, positive growth was observed in Poland, Austria, Hungary, Sweden, and Bulgaria. The five-year CAGR suggests modest trends, with some Eastern European countries exhibiting robust expansion.
Future trends may include increased investment in electric vehicle components, impacting demand for traditional combustion engine parts. Countries focused on diversification and adaptation to new technologies may show rapid shifts in market dynamics.
Top countries in Sold Production of Parts for Spark-Ignition Internal Combustion Engines, Excluding Parts for Aircraft Engines Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 59.79 | 2023 | +0.29% | -2.88% | View data |
| 2 | 2 Italy | 11.59 | 2023 | -0.12% | -8.9% | View data |
| 3 | 3 Poland | 7.39 | 2023 | +2.8% | +1.4% | View data |
| 4 | 4 Austria | 5.35 | 2023 | +9.16% | +2.79% | View data |
| 5 | 5 Hungary | 4.33 | 2023 | +1.55% | +2.76% | View data |
| 6 | 6 Spain | 3.37 | 2023 | +8.83% | +1.56% | View data |
| 7 | 7 Sweden | 2.4 | 2023 | +16.84% | +2.97% | View data |
| 8 | 8 United Kingdom | 2.24 | 2023 | -12.68% | -10.91% | View data |
| 9 | 9 France | 2.06 | 2023 | -13.64% | -12.13% | View data |
| 10 | 10 Portugal | 1.78 | 2023 | +6.17% | -1.32% | View data |
