In 2023, Germany led the European production of motor vehicles, trailers, and semi-trailers with €439.93 billion, followed by Spain (€76.58 billion) and France (€72.22 billion). Italy, Netherlands, and Austria also contributed significantly. Notably, Ireland, Estonia, and Greece had minimal contributions. Meanwhile, 2023 witnessed mixed growth with pronounced increases in Netherlands (3.42%), Ireland (2.54%), and Slovenia (2.5%). Germany and Spain saw moderate expansions, whereas Greece experienced a decline of 5.8%. In assessing broader trends, the compounded annual growth rate (CAGR) over five years can provide insights into long-term performance across these markets.
Future trends to watch include Germany's continued dominance, potential shifts in Spain and France as they compete for market share, and the rise of the Netherlands as an emerging player in the sector. Sustainability measures, technological innovation, and regulatory changes across the EU could also significantly influence the industry's trajectory over the coming years.
Top countries in Production of Motor Vehicles, Trailers and Semi-trailers by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 439,930 | 2023 | +1.75% | +1.06% | View data |
| 2 | 2 Spain | 76,580 | 2023 | +1.96% | +1.99% | View data |
| 3 | 3 France | 72,220 | 2023 | +1.09% | +0.77% | View data |
| 4 | 4 Italy | 69,250 | 2023 | +1.51% | +0.43% | View data |
| 5 | 5 Netherlands | 20,080 | 2023 | +3.96% | +3.42% | View data |
| 6 | 6 Austria | 19,830 | 2023 | +2.15% | +1.71% | View data |
| 7 | 7 Belgium | 13,730 | 2023 | -1.08% | -0.041% | View data |
| 8 | 8 Slovenia | 4,340 | 2023 | +2.91% | +2.5% | View data |
| 9 | 9 Finland | 2,410 | 2023 | +2.73% | +2.16% | View data |
| 10 | 10 Ireland | 741.08 | 2023 | +1.01% | +2.54% | View data |
