In 2023, Germany dominated the European Parts and Accessories wages and salaries market with 39.22 million euros, contributing significantly more than any other country. France and Italy followed, although they trailed notably behind. Amongst smaller economies, Serbia showed remarkable growth with a 10.53% increase, while Bulgaria surged by 11.79%. Conversely, Switzerland and Norway experienced declines of 5.79% and 3.97%, respectively. Lithuania had the most considerable year-on-year growth at 22.21%, indicating potential emerging trends within smaller markets.
Looking forward, Germany is expected to maintain its leading position, though growth rates in developing regions such as Eastern Europe could outpace traditional Western markets, indicating a potential shift in production hubs. Monitoring these regional shifts, especially in relation to technological advances and supply chain evolution, will be essential.
Top countries in Parts and Accessories for Motor Vehicles Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 39.22 | 2023 | +2.48% | +1.39% | View data |
| 2 | 2 France | 11.38 | 2023 | +4.06% | +2.96% | View data |
| 3 | 3 Italy | 7.64 | 2023 | +1.81% | +0.21% | View data |
| 4 | 4 Poland | 6.28 | 2023 | +4.41% | +3.79% | View data |
| 5 | 5 Spain | 5.75 | 2023 | +0.31% | +0.65% | View data |
| 6 | 6 Czech Republic | 5.17 | 2023 | +2.31% | +0.54% | View data |
| 7 | 7 Romania | 4.77 | 2023 | +3.2% | +0.7% | View data |
| 8 | 8 United Kingdom | 4.19 | 2023 | -0.25% | +0.022% | View data |
| 9 | 9 Hungary | 3.28 | 2023 | +4.28% | +3.02% | View data |
| 10 | 10 Slovakia | 2.23 | 2023 | +4.34% | +3.48% | View data |
