In 2023, Hungary led European production of parts for electrical ignition and starting equipment, generators, and cut-outs for internal combustion engines, accounting for 37.82% of the market share. Germany followed at 27.07%, and Spain held 13.66%. Among notable trends, Croatia experienced the highest year-on-year growth at 7.34% while Bulgaria saw the most significant decline of 10.89% in 2023.
CAGR over the past five years hints at a robust market in Central and Eastern Europe, with notable growth in Hungary and Slovenia. Future trends to watch include technological advancements and shifts towards sustainability, likely impacting production dynamics and market shares across European nations.
Top countries in Sold Production of Parts of Electrical Ignition or Starting Equipment, Generators and Cut-Outs for Internal Combustion Engines Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 37.82 | 2023 | +3.31% | +5.81% | View data |
| 2 | 2 Germany | 27.07 | 2023 | +2.36% | +0.52% | View data |
| 3 | 3 Spain | 13.66 | 2023 | +1.44% | +2.37% | View data |
| 4 | 4 Czechia | 7.86 | 2023 | |||
| 5 | 5 Italy | 5.45 | 2023 | +6.9% | +2.91% | View data |
| 6 | 6 Poland | 5.14 | 2023 | -1.59% | -0.9% | View data |
| 7 | 7 Slovenia | 1.11 | 2023 | +2.3% | +5.31% | View data |
| 8 | 8 United Kingdom | 0.14 | 2023 | -11.78% | -10.46% | View data |
| 9 | 9 Lithuania | 0.12 | 2023 | -0.2% | -7.09% | View data |
| 10 | 10 Croatia | 0.08 | 2023 | +1.55% | +7.34% | View data |
