Industry revenue of »manufacture of motor vehicles« in Italy 2011-2023

Home to iconic brands such as Ferrari, Maserati and Lamborghini, Italy has a rich design and engineering legacy in automotive manufacturing. Industry revenues are expected to grow rapidly from 66.5 billion U.S. dollars in 2018 to over 80 billion U.S. dollars by 2023. However in terms of volume of cars manufactured, Italy ranks a lowly sixth in Europe behind Germany, Spain, France, the UK and Czech Republic with its global position being insignificant.

Its domestic market is a mixed bag in terms of market share with only one Italian manufacturer Fiat in the top five, mainly due to the popularity of its range of affordable city models such as Panda and Ypsilon. The rest of the leading companies, Volkswagen, Ford, Renault and Opel, are based in Germany, France or the U.S. Even though Ferrari and Maserati are globally renowned brands, their price points make them unaffordable for most and thus they hold negligible market shares.

Industry revenue of »manufacture of motor vehicles« in Italy from 2011 to 2023

Revenue in billion 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 “manufacture of motor vehicles“ has the code “C291“.

Details on the methodology can be found here.

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