Romania leads the European Electrical and Electronic Equipment for Motor Vehicles production market with 8.14 billion Euros in 2024, showcasing a 3.86% year-on-year growth. Germany, although significant, decreased by 10.83%. Italy, Hungary, Spain, and Poland follow, with mixed growth and decline trends. Notable performers include France with a 21.13% increase and Greece with an impressive 24.57% surge. Conversely, the United Kingdom and Sweden struggle with 15.64% and 7.67% declines respectively. Serbia and Bulgaria showed robust growth, while countries like Belgium and Finland saw declines.
Key future trends to watch include:
- Increased digitalization and integration of smart technologies.
- Shift towards sustainable and eco-friendly production methods.
- Potential for reshoring of production to mitigate supply chain risks.
- Impact of geopolitical developments on production values and supply chains.
Top countries in Electrical and Electronic Equipment for Motor Vehicles Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 8,140 | 2023 | +9.12% | +3.86% | View data |
| 2 | 2 Germany | 5,060 | 2023 | +4.89% | -10.83% | View data |
| 3 | 3 Italy | 3,620 | 2023 | +5.79% | +2.48% | View data |
| 4 | 4 Hungary | 2,830 | 2023 | -6.58% | -6.22% | View data |
| 5 | 5 Spain | 2,580 | 2023 | +5.95% | +4.28% | View data |
| 6 | 6 Poland | 2,190 | 2023 | +5.82% | +1.31% | View data |
| 7 | 7 Serbia | 1,760 | 2023 | +5.7% | +9.37% | View data |
| 8 | 8 Czech Republic | 1,700 | 2023 | +5.54% | +2.18% | View data |
| 9 | 9 France | 1,460 | 2023 | -5.42% | +21.13% | View data |
| 10 | 10 Bulgaria | 1,150 | 2023 | +4.9% | +8.88% | View data |
