In 2023, Lithuania led the European Parts and Accessories for Motor Vehicles Production Index with a substantial value of 34.37, followed by Greece at 11.34. Germany, Spain, Italy, and France recorded values of 10.25, 9.29, 8.04, and 7.91, respectively. Between 2022 and 2023, Lithuania experienced a significant year-on-year increase of 29.52%. Conversely, Greece saw a modest rise of 2.92%, while Germany, Spain, Italy, and France all faced declines, with France having the steepest drop of 6.16%. Over the past five years, this trend highlights differing growth trajectories within the sector across countries.
Future trends to watch include technological advancements in vehicle manufacturing, which may further alter production dynamics. Additionally, regulatory changes and shifts towards electric and hybrid vehicles could significantly impact the industry. Monitoring these factors could provide insights into potential opportunities and challenges within the European automotive parts sector.
Top countries in Parts and Accessories for Motor Vehicles Production Index by Country
| # | 6 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 343.7 | 2022 | +45.2% | +29.52% | View data |
| 2 | 2 Greece | 113.4 | 2022 | +10.85% | +2.92% | View data |
| 3 | 3 Germany | 102.5 | 2022 | +5.02% | -0.95% | View data |
| 4 | 4 Spain | 92.9 | 2022 | +7.65% | -2.62% | View data |
| 5 | 5 Italy | 80.4 | 2022 | +1.64% | -3.38% | View data |
| 6 | 6 France | 79.1 | 2022 | +3.81% | -6.16% | View data |
