The European market for motor vehicles and motorcycles wholesale, retail trade, and repair in 2023 showed Germany leading with €25.69 million, followed by France (€20.87 million) and Italy (€16.73 million). Notable growth was seen in Ireland, with a year-on-year increase of 3.07%, while Greece experienced a slight decline at -0.26%. Emerging markets with significant growth include Lithuania (2.63%) and Estonia (2.83%). These variations indicate robust activities in wealthier economies, while smaller economies are on the rise offering new opportunities.
Future trends to watch include:
- Technology innovations driving efficiency in production and sales.
- Environmental regulations influencing production processes, aiming to reduce emissions.
- Increased adoption of e-vehicles shifting market dynamics.
- Potential economic fluctuations influencing consumer purchasing power in smaller markets.
Top countries in Production of Motor Vehicles and Motorcycles Wholesale, Retail Trade and Repar Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25.69 | 2023 | +1.91% | +2.11% | View data |
| 2 | 2 France | 20.87 | 2023 | +1.6% | +1.86% | View data |
| 3 | 3 Italy | 16.73 | 2023 | +1.22% | +1.61% | View data |
| 4 | 4 Spain | 11.35 | 2023 | +1.76% | +1.77% | View data |
| 5 | 5 Netherlands | 8.22 | 2023 | +2.03% | +2.02% | View data |
| 6 | 6 Belgium | 4.45 | 2023 | +1.33% | +1.71% | View data |
| 7 | 7 Austria | 3.32 | 2023 | +1.62% | +1.61% | View data |
| 8 | 8 Ireland | 2.23 | 2023 | +2.55% | +3.07% | View data |
| 9 | 9 Portugal | 1.9 | 2023 | +1.35% | +1.21% | View data |
| 10 | 10 Finland | 1.56 | 2023 | +1.24% | +1.2% | View data |
