The European sold production of goods vehicles with compression-ignition internal combustion piston engines shows a varied landscape. In 2023, France leads with 10.97 billion Euros, followed by Italy with 7.43 billion Euros. Germany and Spain follow closely, with 5.77 and 5.00 billion Euros respectively. Smaller markets include the United Kingdom, Finland, Portugal, Denmark, and Hungary, contributing under 1 billion Euros each. Compared to 2022, Spain exhibited robust growth of 5.67%, while Portugal significantly increased by 8.86%. Conversely, Germany and Italy showed declines of 1.23% and 0.72%. France saw a positive increase of 3.48%, and Finland's market grew by 2.61%, displaying resilience. Collective trends over the last five years illustrate a consistent demand with varying annual growth rates across the countries.
Looking forward, Europe’s production landscape might be influenced by technological advancements and regulation shifts favoring electric and hybrid vehicles. Forecasts suggest that countries with strong investment in sustainable technology, such as Germany and France, could see gradual shifts in production focuses, altering existing growth patterns. Adaptability to these changes and geopolitical factors will be crucial in shaping future trends across all markets.
Top countries in Sold Production of Goods Vehicles, with Compression-Ignition Internal Combustion Piston Engine (Diesel or Semi-Diesel) by Country
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 10,970,000,000 | 2023 | +20.02% | +3.48% | View data |
| 2 | 2 Italy | 7,427,700,000 | 2023 | +7.55% | -0.72% | View data |
| 3 | 3 Germany | 5,773,700,000 | 2023 | +1.77% | -1.23% | View data |
| 4 | 4 Spain | 4,998,500,000 | 2023 | +7.68% | +5.67% | View data |
| 5 | 5 United Kingdom | 940,160,000 | 2023 | +0.71% | -0.56% | View data |
| 6 | 6 Finland | 264,910,000 | 2023 | +6.03% | +2.61% | View data |
| 7 | 7 Portugal | 198,710,000 | 2023 | -1.58% | +8.86% | View data |
| 8 | 8 Denmark | 1,900,700 | 2023 | -3.04% | -0.46% | View data |
| 9 | 9 Hungary | 52,140 | 2023 | -19.42% | View data |
