Analysis and Studies - Products analysis

Motor vehicles: an overview

A motor vehicle, also known as motorized vehicle or automotive vehicle, is a self-propelled land vehicle, commonly wheeled, that doesn’t operate on rails (such as trains or trams) and is used for the transportation of people or cargo.

The vehicle propulsion is provided by an engine or motor, usually an internal combustion engine or an electric motor, or some combination of the two, such as hybrid electric vehicles and plug-in hybrids. For legal purpose, motor vehicles are often identified within a number of vehicle classes including carsbusesmotorcyclesoff-road vehicleslight trucks and regular trucks. Generally, to avoid requiring people with disabilities from having to possess an operator's license to use one, or requiring tags and insurance, powered wheelchairs will be specifically excluded by law from being considered motor vehicle.

The 27 European Union (EU-27) member countries had a fleet of over 256 million in 2008, and passenger cars accounted for 87% of the union's fleet. The five largest markets, Germany (17.7%), Italy (15.4%), France (13.3%), the UK (12.5%), and Spain (9.5%), accounted for 68% of the region's total registered fleet in 2008. The EU-27 member countries had in 2009 an estimated ownership rate of 473 passenger cars per 1000 people

 

About economy

In 2022, Motor vehicles were the France's 4th most traded product, with a total trade of €32.5B. Between 2021 and 2022 the exports of Motor vehicles grew by 7.05%, from €26.7B to €32.5B. Trade in Motor vehicles represent 5.63% of total France trade.

In 2022 the export destinations of Motor vehicles from France were Germany with a substantial export value of €9.32 billion, Spain, which contributed significantly with exports worth €8.01 billion, Italy, whose exports amounted to €3.15 billion, Slovakia and Turkey, who played pivotal roles in the global export market, with exports valued at €2.8B and €2.37B, respectively.

Despite, in the same year the import origins of Motor vehicles to France were Germany, who plays pivotal role in the global import market with imports valued at €6.94 billion, Belgium, with a substantial import value of €4.34 billion, United Kingdom, which contributed significantly with imports worth €2.92 billion, Spain (€2.84B), and Italy (€2.57B) with imports valued at €2.84 billion and €2.57, respectively.