Danske Bank skriver i en analyse, at den europæiske bilindustri står over for voldsomme problemer, men at den forandring, sektoren står midt i, også kan føre til en større europæisk produktivitet på langt sigt. Det er andre forbrugerpræferencer, handelsstridigheder, miljøet samt omstillingen til el-biler, der er årsagen til de aktuelle problemer. Bilindustrien er en af de vigtigste økonomiske faktorer i Europa.
In this publication we take a closer look at the fortunes of one of Europe’s most important manufacturing sectors, namely the car sector.
Even before the coronavirus, Europe’s car sector was in the doldrums, with sales weighed down by a combination of intensifying global trade tensions, stricter emission standards and shifting consumer preferences.
With Europe’s industry model being heavily reliant on the car sector, analysing the root causes of the stagnation is important for assessing the growth prospects of the sector and the euro area economy as a whole.
Overall, the European car sector remains in the midst of far-reaching upheaval and its ability to revamp its business model from combustion engines to electrically chargeable vehicles will set the tone for future growth prospects.
In the long run, the green transition as well as ongoing changes to global value chains could lead to the car industry losing some of its economic importance for Europe.
However, leaner, automatized production lines and reduced overcapacity do not necessarily have to be negative developments, as it could end up boosting European productivity in the long term.
