In 2023, Germany led Europe in value-added motor vehicle and motorcycle wholesale, retail, and repair at €335.16 billion, followed by France at €235.95 billion and Italy at €207.47 billion. Countries like Lithuania and Estonia, despite smaller economic sizes, showed impressive growth rates of 2.71% and 2.77%, respectively. Greece was the only nation seeing a decline, dropping by 0.58%.
Future Trends to Watch:
- Innovation in electric vehicles and sustainability practices enhancing the value chain.
- Technological advancements in repair and retail due to digitization and AI integration.
- Shifts in consumer trends towards vehicle sharing economies in urban areas.
- Potential regulatory changes impacting trade within major economies.
Top countries in Value Added of Motor Vehicles and Motorcycles Wholesale, Retail Trade and Repar by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 335,160 | 2023 | +1.86% | +2.17% | View data |
| 2 | 2 France | 235,950 | 2023 | +1.32% | +1.68% | View data |
| 3 | 3 Italy | 207,470 | 2023 | +1.43% | +1.92% | View data |
| 4 | 4 Spain | 154,620 | 2023 | +1.83% | +1.86% | View data |
| 5 | 5 Netherlands | 104,370 | 2023 | +1.91% | +1.86% | View data |
| 6 | 6 Belgium | 51,400 | 2023 | +1.41% | +1.48% | View data |
| 7 | 7 Austria | 42,870 | 2023 | +1.44% | +1.37% | View data |
| 8 | 8 Ireland | 28,040 | 2023 | +2.6% | +3.04% | View data |
| 9 | 9 Portugal | 26,100 | 2023 | +1.39% | +1.33% | View data |
| 10 | 10 Finland | 19,250 | 2023 | +1.24% | +1.27% | View data |
