In 2023, Romania leads the European market with a significant share in motor vehicles electrical and electronic equipment, marking a 2.25% increase from the previous year. Notably, Germany and Hungary follow steadily, though Germany shows a slight decline of 0.89%. Conversely, Spain, Italy, and Serbia exhibit robust growth, notably with Serbia increasing by 8.75%. France and the United Kingdom experienced substantial declines, -22.65% and -24.17% respectively. Brexit likely contributed greatly to the UK's downturn. Emerging markets like Bulgaria and Macedonia reflect positive growth trends, with gains of 7.56% and 6.52% respectively.
Future trends to watch include:
- Technological advancements and automation in motor vehicle electronics, promoting more efficient production.
- Growth potential in Eastern Europe, driven by increasing investments and favorable manufacturing environments.
- Potential impacts of environmental policies and sustainability goals which may reshape production priorities across Europe.
- Continued volatility in markets heavily impacted by external factors such as geopolitical tensions or global economic shifts.
Top countries in Sold Production of Motor Vehicles Electrical and Electronic Equipment Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 21.12 | 2023 | +3.85% | +2.25% | View data |
| 2 | 2 Germany | 16.53 | 2023 | +0.25% | -0.89% | View data |
| 3 | 3 Hungary | 15.23 | 2023 | +2.9% | +3.03% | View data |
| 4 | 4 Spain | 9.2 | 2023 | +11.78% | +4.96% | View data |
| 5 | 5 Italy | 5.78 | 2023 | +16.87% | +4.53% | View data |
| 6 | 6 Czechia | 5.66 | 2023 | |||
| 7 | 7 Serbia | 4.37 | 2023 | +6.16% | +8.75% | View data |
| 8 | 8 Bulgaria | 4.14 | 2023 | +5.34% | +7.56% | View data |
| 9 | 9 Slovakia | 3.47 | 2023 | +0.23% | +1.31% | View data |
| 10 | 10 Poland | 3.44 | 2023 | -1.47% | -4.61% | View data |
