Industry revenue of retail trade of motor vehicle parts in Italy 2011-2023

Italy, with one of the richest legacies in design globally, is among the most important automotive markets in Europe with car sales increasing steadily during 2014-2018. In terms of market size, it ranks only behind Germany, the UK, and France, in Europe, with segment B - small cars and segment C - medium cars being the most popular. This growth has had a positive impact on the retail sales of motor vehicle parts, with industry revenues estimated to witness moderate growth from 3.1 billion U.S. dollars in 2018 to 3.4 billion U.S dollars in 2023.

Exports across sectors is a vital cog in the constant growth achieved by the country’s economy over the last few years. Germany is the largest importer of Italian automotive components with a share of almost 20% in 2016, followed by France and Spain. Magneti Marelli is the leading company in this space with revenues of around 1.1 billion Euros in 2017, followed by Freni Brembo, Lear Corporation Italia, and Dana Italia.

Industry revenue of retail trade of motor vehicle parts in Italy from 2011 to 2023

Revenue in million U.S. Dollars
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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Italy. The industry “retail trade of motor vehicle parts and accessories“ has the code “G4532“.

Details on the methodology can be found here.

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