The European motor vehicles, trailers, and semi-trailers production market presented in 2023 a highly diversified landscape with Germany leading at 422.73 billion Euros, followed by France and the United Kingdom. Notably, most countries experienced growth, with remarkable increases seen in Poland (2.97%) and Portugal (4.65%). In contrast, Italy (-4.01%) and Sweden (-1.65%) saw declines. Significant growth was also evident in emerging markets like Bulgaria (7.35%) and Greece (5.03%), while Iceland had the most substantial decrease (-36.68%). The Compound Annual Growth Rate (CAGR) over the past five years has highlighted consistent resilience in countries such as Slovakia and Hungary.
Future trends to monitor include:
- Shift towards electric and autonomous vehicles, driven by sustainability goals.
- Influence of geopolitical factors on supply chains, especially post-Brexit.
- Technological advancements and investments in vehicle production efficiency.
- Regulatory changes impacting manufacturing standards and environmental policies.
- Potential for increased production value in Eastern European countries due to competitive manufacturing costs.
Top countries in Motor Vehicles, Trailers and Semi-Trailers Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 422,730 | 2023 | +4.3% | +1.02% | View data |
| 2 | 2 France | 107,890 | 2023 | +7.91% | +1.03% | View data |
| 3 | 3 United Kingdom | 83,520 | 2023 | +1.39% | +1.85% | View data |
| 4 | 4 Spain | 70,320 | 2023 | +3.62% | +0.91% | View data |
| 5 | 5 Czech Republic | 55,650 | 2023 | +5.48% | +2.12% | View data |
| 6 | 6 Italy | 53,090 | 2023 | -0.83% | -4.01% | View data |
| 7 | 7 Poland | 42,430 | 2023 | +7.24% | +2.97% | View data |
| 8 | 8 Sweden | 37,670 | 2023 | +3.54% | -1.65% | View data |
| 9 | 9 Slovakia | 34,780 | 2023 | +4.34% | +3.08% | View data |
| 10 | 10 Hungary | 31,080 | 2023 | +4.3% | +3.24% | View data |
