The European automotive industry includes Original Equipment Manufacturer (OEM), auto-ancillary companies, vendors, and aftermarket vehicle and their parts dealers. The European automotive market was witnessing a modest growth rate from 2013. As per the International Organization of Motor Vehicle Manufacturers (OICA), around 20.80 million vehicles were sold in 2019 as compared to 20.69 million in 2018. As per the European Automobile Manufacturers Association, there are 309 vehicle assembly plant and production plants in 27 countries in the European Union (EU). Around 13.8 million people work in the auto industry in the region which accounts for 6.1% of overall EU jobs in 2019. In the EU-15, around $467 billion tax was collected through the auto sector.

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Significant growth in the market was expected before the COVID-19 pandemic as an exponential growth was witnessed in the electric vehicle market in the region from a couple of years. The price of an electric vehicle is much higher as compared to a conventional fuel vehicle, which was augmenting the region market.

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European Automotive Industry Market Segmentation

Sales Channel

OEM

Auto-Ancillary

Aftermarket

Vehicle Type

Passenger Vehicle

Commercial Vehicle

Propulsion Technology

Conventional Energy Vehicles (Gasoline)

New Energy Vehicles (Electric)

Regional Analysis

UK

Germany

Italy

Spain

France

Rest of Europe

Company Profile

AB Volvo

Aptiv PLC

BMW AG

Bridgestone Corp.

BYD Co. Ltd.

Continental AG

Daimler AG

Ford Motor Co.

GKN PLC

Groupe PSA

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