Topic: Automobile industry in Germany (2024)

FAQs

Topic: Automobile industry in Germany? ›

The automotive industry is the largest industry sector in Germany. In 2021, the auto sector listed turnover of EUR 410.9 billion – around 20 percent of total German industry revenue.

Automotive exports account for more than 13 percent of all German exports in 2021 – the product group with the largest export share. Domestic market revenue is EUR 136.9 bil- lion, compared to 2021. German OEMs were responsible for internal R&D investments amounting to almost EUR 28.3 billion in 2021.

Engineering Precision

Germany's renowned engineering heritage dates back centuries, and this expertise has been seamlessly integrated into the automotive sector. Germany has a strong tradition of engineering education, which results in a highly skilled workforce that contributes to the country's automotive excellence.

At present, it is facing major challenges from all sides: Supply bottlenecks for semiconductors and key components are slowing down production; a shortage of skilled workers is hampering development; great pressure to transform the portfolio requires high investment; and finally, lively competition from newcomers to ...

Automobile industry sales in Germany 2013-2023

In 2023, the German automobile industry generated a revenue of around 564.2 billion euros. This was an increase compared to around 506 billion euros in 2022. Simultaneously, the number of employees in the industry has been decreasing in recent years.

Volkswagen AG paid Porsche shareholders $5.61 billion for the remaining 50.1% it did not own. Currently, five German companies and seven marques dominate the automotive industry in the country: Volkswagen AG (and subsidiaries Audi and Porsche), BMW AG, Daimler AG, Adam Opel AG and Ford-Werke GmbH.

Germany's automotive landscape is defined by its unparalleled engineering standards and the legendary Autobahn. German car culture is synonymous with high-performance vehicles, precision engineering, and a deep appreciation for driving as a skillful art form.

German cars are loved worldwide thanks to their unrivalled engineering, performance and style.

Germany's Real Challenges are Aging, Underinvestment, and Too Much Red Tape.

Over 22% of Germans work in the manufacturing sector, and the government also has a very successful system in place that keeps wages high (to attract talented individuals) and steady (to keep them.) Germany's focus on testing, innovation, and quality gave rise to its world-renowned machining industry decades ago.

What is the outlook for the German automotive industry? ›

If we assume this growth, 5.3 million vehicles will be produced in Germany in 2030, compared to 4.3 million last year.” According to a statement by the company, growth of 24 percent is expected by 2030, which is significantly higher than in China.

Leading import countries for motor vehicles from Germany based on export value 2022. German car brands are known and exported the world over. The U.S. was the leading importer of motor vehicles from Germany, followed by China and the UK. Leading importers in the EU include France, Italy and Poland.

In 2023, there were 912 businesses in the automobile industry in Germany.

Auto woes. The German car industry, which accounts for around 5% of the economy, is struggling to recover from the blow dealt by the pandemic and snarled supply chains.

Precision Engineering. German cars are built by highly professional engineers that choose a vocational track before they even complete their equivalent of high school. Manufacturing is a respected field in the country, and the people take pride in the craftsmanship their car brands have built a reputation for.

The German automotive industry is the heart of the country's economy. Of all the industrial sectors, it is by far the strongest in terms of turnover, research, and exports, generating prosperity, growth, and employment in numerous other sectors as well.

Stuttgart's reputation as the city of automobiles was personified by the Mercedes-Benz and the Porsche Museums, but I chose instead to wander around the rather strange Schweine Museum or Pig Museum.

In 2021, Munich-headquartered BMW was ranked as the leading German marque, its brand value amounting to over 23 billion U.S. dollars. Mercedes-Benz is the second most valuable German car brand worldwide, followed by Audi.

The Germany Automotive Industry Market Size was valued at USD 303 Billion in 2023. The Market Size is Growing at a CAGR of 3.96% from 2023 to 2033. The Germany Automotive Industry Market Size is expected to reach USD 447 Billion by 2033.

These include Audi, BMW, Mercedes, Porsche, and Volkswagen. Here at German Specialists Ltd, we specialise in servicing, MOTs, ECU mapping, and repairs for German cars, so we use our expertise to guide you through these manufacturers in our latest blog below.

Which country is the largest producer of automobile industry? ›

China. China emerged as the biggest automobile manufacturing country in the world with a total production of 30,160,966 units of vehicles. The volume of vehicles increased by 3,140,351 units representing 11.6 percent growth compared to 27,020,615 vehicles produced in 2022.

Auto woes. The German car industry, which accounts for around 5% of the economy, is struggling to recover from the blow dealt by the pandemic and snarled supply chains.