The European motor vehicle industry saw varied performance across countries in 2023, with Germany maintaining the highest turnover at 557.76 billion euros. France and the UK followed but at a much lower scale, highlighting a significant concentration of industry revenue in Germany. Notably, the Netherlands experienced the most significant year-on-year growth at 11.57%, indicating rapidly expanding economic activities. While Italy faced a downturn with a -5.24% variation, emphasizing challenges within its market. High growth was also noted in Poland, Romania, and Hungary, highlighting dynamic shifts in Central Europe. Bulgaria showed promising growth at 8.32%, signaling unexpected market expansion.
Future trends to watch include:
- Continued dominance of Germany, influenced by technological advancements and export policies.
- The rise of Eastern European countries such as Poland and Hungary as substantial contributors to regional growth.
- Potential market recovery strategies in Italy and other contracting markets.
- Impact of electric vehicle innovation on market shares across countries.
- Possible changes in market dynamics due to European Union policy shifts regarding sustainability and emissions.
Top countries in Motor Vehicles, Trailers and Semi-Trailers Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 557,760 | 2023 | +4.03% | +1.52% | View data |
| 2 | 2 France | 158,820 | 2023 | +6.7% | +2.01% | View data |
| 3 | 3 United Kingdom | 96,870 | 2023 | +1.47% | +1.88% | View data |
| 4 | 4 Spain | 79,640 | 2023 | +4.79% | +1.62% | View data |
| 5 | 5 Italy | 63,510 | 2023 | -0.66% | -5.24% | View data |
| 6 | 6 Czech Republic | 58,050 | 2023 | +5.87% | +2.62% | View data |
| 7 | 7 Sweden | 52,840 | 2023 | +6.09% | +1.76% | View data |
| 8 | 8 Poland | 44,470 | 2023 | +3.47% | +2.85% | View data |
| 9 | 9 Slovakia | 35,580 | 2023 | +4.37% | +3.14% | View data |
| 10 | 10 Hungary | 32,710 | 2023 | +4.44% | +3.66% | View data |
