In 2023, Germany dominated Europe's motor vehicles turnover, contributing significantly to the continent's automotive market. Other major players included France and the UK, with moderate growth. Notably, the Netherlands showed remarkable growth. Italy faced a contraction, suggesting structural challenges. Eastern European countries like the Czech Republic, Hungary, and Slovakia saw substantial gains, highlighting their growing automotive sectors. A noteworthy downturn was observed in Serbia, while Greece continued on a downward trajectory.
Future trends to watch include increased interest in sustainable and electric vehicles, potentially impacting turnover distribution. Emerging markets in Eastern Europe may continue their rise, fostering regional diversification.
Top countries in Motor Vehicles Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 473,060 | 2023 | +6.04% | +2.7% | View data |
| 2 | 2 France | 112,880 | 2023 | +4.96% | +1.08% | View data |
| 3 | 3 United Kingdom | 80,550 | 2023 | +2% | +2.48% | View data |
| 4 | 4 Spain | 55,010 | 2023 | +5.95% | +1.68% | View data |
| 5 | 5 Sweden | 46,990 | 2023 | +7.94% | +2.25% | View data |
| 6 | 6 Italy | 42,030 | 2023 | +4% | -3.25% | View data |
| 7 | 7 Czech Republic | 30,210 | 2023 | +7.74% | +4.7% | View data |
| 8 | 8 Netherlands | 27,780 | 2023 | +16.44% | +13.72% | View data |
| 9 | 9 Slovakia | 22,410 | 2023 | +4.44% | +3.73% | View data |
| 10 | 10 Hungary | 17,550 | 2023 | +7.16% | +5.72% | View data |
