In 2023, Germany led European production with 34.85% in kilograms, followed by Italy at 18.14%, and Spain at 11.42%. The UK, France, and Poland contribute limited percentages, while countries like Finland and Estonia have minimal output. Year-on-year changes indicate modest growth, notably in Italy at 13.97% and a slight decline in Hungary at -12.14%. Countries like Denmark and Croatia saw over 4% growth, while Portugal's production dropped. Over the past five years, the compound annual growth rate shows a steady but varied trend across countries, with smaller nations occasionally experiencing sharper fluctuations.
Looking ahead, Europe's road wheel production is likely to be influenced by technological innovations and environmental regulations. Increased investment in sustainable manufacturing processes may reshape competitive dynamics. As automotive electrification progresses, demand shifts may occur, impacting production scales and allocations across European countries. Observing regulatory changes and consumer preferences will be essential in predicting future distribution.
Top countries in Sold Production of Road Wheels and Parts and Accessories Thereof Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 34.85 | 2023 | +8.56% | +0.27% | View data |
| 2 | 2 Italy | 18.14 | 2023 | +18.29% | +13.97% | View data |
| 3 | 3 Spain | 11.42 | 2023 | +7.36% | +1.27% | View data |
| 4 | 4 Czechia | 9.33 | 2023 | |||
| 5 | 5 Poland | 9.12 | 2023 | +0.79% | +1.24% | View data |
| 6 | 6 United Kingdom | 4 | 2023 | +1.69% | +0.013% | View data |
| 7 | 7 Austria | 3.6 | 2023 | +6.53% | +2.52% | View data |
| 8 | 8 Denmark | 3.19 | 2023 | +3.28% | +4.27% | View data |
| 9 | 9 Romania | 2.62 | 2023 | +3.08% | +3.07% | View data |
| 10 | 10 France | 2.18 | 2023 | +12.03% | +2.2% | View data |
