Germany remains the leader in European automotive output with a value of €488.73 billion in 2023, showing slight growth of 0.85%. France and the UK exhibit contrasting trends, with France experiencing a decline of -2.19%, while the UK’s output grew by 2.03%. Noticeable growth is also observed in Hungary (3.53%), Poland (2.59%), and the Czech Republic (4.04%). Bulgaria's automotive sector leaped 20%, marking the highest growth. Austria and Spain demonstrate moderate expansion near 1% and 2%, respectively. Conversely, Norway and Denmark indicated contractions of -0.31% and -2.54%.
Future trends to watch in European automotive output include technological advancements, such as electric vehicle production. Countries like Germany are expected to lead in innovation, potentially increasing their market share. Eastern European countries, with lower production costs, may continue to experience growth. Financial incentives and government policies worldwide could influence the trajectory of automotive output, steering it towards sustainability and electric mobility.
Top countries in Automotive Output by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 488,730 | 2023 | +5.09% | +0.85% | View data |
| 2 | 2 France | 129,540 | 2023 | -0.14% | -2.19% | View data |
| 3 | 3 United Kingdom | 123,830 | 2023 | +1.66% | +2.03% | View data |
| 4 | 4 Italy | 107,500 | 2023 | +1.83% | +2.21% | View data |
| 5 | 5 Spain | 91,660 | 2023 | +5.63% | +1.69% | View data |
| 6 | 6 Czech Republic | 65,510 | 2023 | +3.47% | +4.04% | View data |
| 7 | 7 Poland | 48,370 | 2023 | +6.09% | +2.59% | View data |
| 8 | 8 Sweden | 44,830 | 2023 | +6.32% | +0.82% | View data |
| 9 | 9 Slovakia | 35,000 | 2023 | +0.58% | +2.87% | View data |
| 10 | 10 Hungary | 32,860 | 2023 | +0.83% | +3.53% | View data |
