Industry revenue of »sale of motor vehicle parts and accessories« in Czechia 2011-2023
Over the years, some of the leading car manufacturers in the world such as Skoda, Hyundai, Volkswagen and Peugeot, to name a few, have established their base in the Czech Republic, owing to factors such as the advanced production facilities, state of the art technology and robust automation services. As a result, the country has emerged as the second leading producer of passenger cars per capita in the world and the seventh largest worldwide supplier of automotive parts, according to data from worldstopexports.com. Revenues from the sale of motor parts and accessories have grown from 3 billion U.S. dollars in 2011 to over 4.6 billion U.S. dollars in 2019.
However, the industry is expected to witness a bit of a slowdown in the short term, owing to the outbreak of the coronavirus pandemic, as production and supply chain activities have been disrupted. However, the long term augers well for the automotive sector in the country, as it is expected to witness increased investments in electromobility and new mobility services.
However, the industry is expected to witness a bit of a slowdown in the short term, owing to the outbreak of the coronavirus pandemic, as production and supply chain activities have been disrupted. However, the long term augers well for the automotive sector in the country, as it is expected to witness increased investments in electromobility and new mobility services.
