Germany leads the European market with a significant value of sold production in motor vehicle parts and accessories at 73.534 billion Euros in 2024, marking a 5.24% year-on-year growth. Other notable contributors include Czechia at 25.262 billion Euros and Poland at 17.626 billion Euros, with 3.09% year-on-year growth. Italy and the United Kingdom have shown a slight decline with -1.83% and -1.71% respectively. France has seen a substantial drop of -9.08%. Smaller markets like Bulgaria and Croatia have experienced notable increases of 12.7% and 5.28%, respectively.
Future trends to watch include:
- Continued dominance of Germany, although growth may stabilize.
- Eastern European countries like Czechia and Poland maintaining strong growth trends possibly due to increased foreign investments.
- Potential recovery in France and the United Kingdom if economic conditions stabilize.
- Any shifts towards electric vehicle production impacting overall production values across various countries.
Top countries in Sold Production of Motor Vehicle Parts and Accessories by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 73,534,000,000 | 2023 | +5.84% | +5.24% | View data |
| 2 | 2 Czechia | 25,262,000,000 | 2023 | |||
| 3 | 3 Poland | 17,626,000,000 | 2023 | +3.33% | +3.09% | View data |
| 4 | 4 Italy | 16,313,000,000 | 2023 | +2.94% | -1.83% | View data |
| 5 | 5 Spain | 14,887,000,000 | 2023 | +5.52% | +0.14% | View data |
| 6 | 6 Slovakia | 11,695,000,000 | 2023 | +4.7% | +4.21% | View data |
| 7 | 7 United Kingdom | 11,108,000,000 | 2023 | +0.02% | -1.71% | View data |
| 8 | 8 Romania | 9,788,500,000 | 2023 | +4.29% | +4.18% | View data |
| 9 | 9 Hungary | 8,064,600,000 | 2023 | +3.67% | +4.09% | View data |
| 10 | 10 France | 7,624,100,000 | 2023 | -4.71% | -9.08% | View data |
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