Industry Statistics and Trends
Motor Vehicle Manufacturing in Europe key trends
The pandemic halts production across the continent.
European Car Production fell sharply in 2020 and 2021 due to the enforced closures as part of measures to curb the spread of the virus.
Environmental policies across the continent are changing the automotive market.
European manufacturers are adjusting to stricter environmental laws by producing more electric vehicles.
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Motor Vehicle Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Motor Vehicle Manufacturing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 5.1 % over the past five years, to reach an estimated €987.8bn in 2024.
Trends and Insights
Environmental laws drive alternatively fuelled car production across the EU
- A rising number of EU countries like France, Netherlands and Germany have implemented policies and incentives to drive forward hybrid and electric car production.
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Motor Vehicle Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
EU funding for charging points will raise electric car production across the continent
- The EU announced funding of €352 million in 2022 for contribution to greener mobility and raise uptake of electric vehicles including 12,000 charging points in in countries like Netherlands and Spain over the coming years, boosting production.
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Revenue
€987.8bn
Employees
2m
Wages
€XX.Xbn
European Leaders & Laggards
Top 5 Countries
- Serbia +10.0%
- Belgium +9.0%
- United Kingdom +7.1%
- France +4.8%
- Denmark +4.6%
Bottom 5 Countries
- Estonia -22.1%
- Bosnia & Herzegovina -14.4%
- Bulgaria -9.7%
- Norway -7.8%
- Greece -7.7%
* CAGR values are for the years 2019-2024.
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Biggest companies in the Motor Vehicle Manufacturing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Volkswagen AG | 355,755.0 | 28,187.0 | 7.9 | |
Bayerische Motoren Werke AG | 164,287.2 | 16,126.9 | 9.8 | |
Stellantis NV | 205,710.0 | 31,700.0 | 15.4 |
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Motor Vehicle Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Motor Vehicle Manufacturing industry in Europe in 2024?
The market size of the Motor Vehicle Manufacturing industry in Europe is €987.8bn in 2024.
How many businesses are there in the Motor Vehicle Manufacturing in Europe industry in 2024?
There are 3,577 businesses in the Motor Vehicle Manufacturing industry in Europe, which has grown at a CAGR of 0.2 % between 2019 and 2024.
Has the Motor Vehicle Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Motor Vehicle Manufacturing industry in Europe has been declining at a CAGR of 5.1 % between 2019 and 2024.
What is the forecast growth of the Motor Vehicle Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Motor Vehicle Manufacturing industry in Europe is expected to grow.
What does the Motor Vehicle Manufacturing in Europe include?
Passenger cars and Vans and minivans are part of the Motor Vehicle Manufacturing industry.
Which countries have the most businesses in the Motor Vehicle Manufacturing industry in Europe?
The European country with the most businesses in the Motor Vehicle Manufacturing industry is United Kingdom.
How competitive is the Motor Vehicle Manufacturing industry in Europe?
The level of competition is high and increasing in the Motor Vehicle Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Motor Vehicle Manufacturing in Portugal
- Motor Vehicle Manufacturing in Czechia
- Motor Vehicle Manufacturing in Serbia
- Motor Vehicle Manufacturing in Denmark
- Motor Vehicle Manufacturing in Turkey
- Motor Vehicle Manufacturing in Ireland
- Motor Vehicle Manufacturing in Estonia
- Motor Vehicle Manufacturing in Europe
- Motor Vehicle Manufacturing in Austria
- Motor Vehicle Manufacturing in Romania
- Motor Vehicle Manufacturing in Norway
- Motor Vehicle Manufacturing in Hungary
- Motor Vehicle Manufacturing in the UK
- Motor Vehicle Manufacturing in Germany
- Motor Vehicle Manufacturing in Finland
- Motor Vehicle Manufacturing in Croatia
- Motor Vehicle Manufacturing in Spain
- Motor Vehicle Manufacturing in France
- Motor Vehicle Manufacturing in Lithuania
- Motor Vehicle Manufacturing in the Netherlands
- Motor Vehicle Manufacturing in Belgium
- Motor Vehicle Manufacturing in Italy
- Motor Vehicle Manufacturing in Latvia
- Motor Vehicle Manufacturing in Bosnia & Herzegovina
- Motor Vehicle Manufacturing in Greece
- Motor Vehicle Manufacturing in Russia
- Motor Vehicle Manufacturing in Slovakia
- Motor Vehicle Manufacturing in Switzerland
- Motor Vehicle Manufacturing in Sweden
- Motor Vehicle Manufacturing in Poland
- Motor Vehicle Manufacturing in Slovenia
- Motor Vehicle Manufacturing in Bulgaria
- Recreational Vehicle Manufacturing in Germany
- Fire Truck Manufacturing in Germany
- Motor Vehicle Manufacturing in Germany
- Electric Vehicle Manufacturing in Germany
Table of Contents
About this industry
Industry definition
Companies manufacture passenger cars, commercial vehicles, trailers, semi-trailers, buses and coaches. The industry also includes the production of chassis for motor vehicle engines and the rebuilding of motor vehicle engines.
Related Terms
Trailers Electric Cars PowertrainSport Utility Vehicle Alternatively Fuelled VehiclesWhat's included in this industry?
Passenger carsVans and minivans Trailers and Semi-Trailers Motor vehicle engines Buses and coaches Lorries Motor vehicle chassisCompanies
Volkswagen AGBayerische Motoren Werke AGStellantis NVIndustry Code
291 - Manufacture of motor vehicles in Europe
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Performance
Key Takeaways
Environmental laws drive alternatively fuelled car production across the EU
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Motor Vehicle Manufacturing in Europe industry (2011 -2029)
- Employees in the Motor Vehicle Manufacturing in Europe industry (2011 -2029)
- Business in the Motor Vehicle Manufacturing in Europe industry (2011 -2029)
- Profit in the Motor Vehicle Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Motor Vehicle Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Motor Vehicle Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Motor Vehicle Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Motor Vehicle Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Petrol and diesel cars dominate production for now. The car manufacturing industry is changing, with car giants like Volkswagen AG and Mercedes Benz starting to move away from fossil fuel powered cars due to incoming environmental laws.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Motor Vehicle Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Motor Vehicle Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Motor Vehicle Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Large multinationals dominate European car production. Concentration is moderate because large players like Volkswagen and Jaguar Land Rover have a huge chunk of the market.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Volkswagen AG
- Countries of operation for Bayerische Motoren Werke AG
- Countries of operation for Stellantis NV
- Countries of operation for Mercedes-Benz CharterWay GmbH
- Countries of operation for Nissan Europe S.A.S
- Countries of operation for Renault SA
- Countries of operation for Toyota Motor Europe NV/SA
- Countries of operation for Volvo AB
- Countries of operation for Jaguar Land Rover Automotive plc
- Countries of operation for Scania AB
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Car makers must comply with heavy regulations at the national and European levels. All new cars must pass strict health and safety checks as well as real-world driving tests harmonised for most European countries.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Motor Vehicle Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
High steel prices ratchet up purchase costs. Semiconductor shortages and higher steel prices mean manufacturers have had to contend with higher purchase costs, which has hit industry profitability.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Motor Vehicle Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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