9/2/2023 0 Comments Dalo automotiveLombardy, where there is a high concentration of component manufacturers, especially in the province of Brescia In fact, there is a high presence of sports cars and motorbikes companies (e.g., Ferrari, Lamborghini, Ducati, Maserati, Dallara, Pagani, Red Bull, FAW, etc.) and high-level suppliers (e.g., AVL, HPE Coxa, Marelli, Borg Warner etc.) “Motor Valley” in Emilia Romagna: the world-famous Italian luxury brands are produced here. The industrial district in Piedmont: birthplace of FIAT (later merged in FCA and now Stellantis), the region is the forerunner in Italy in terms of automotive components companies and accounts for around 45% of the national automotive sector’s total revenue The automotive industry in Italy is defined by several production hubs spread throughout the country. In 2020, the export of new vehicles (cars and industrial vehicles) was worth 16 bln€, while the export of components amounted to 21.7 bln€ (Source: Invitalia). Furthermore, the sector has a strong export vocation and is fully integrated in the major Global Value Chains (GVCs). The sector is important also for the huge number of jobs filled: the automotive industry employs 278,000 workers (direct and indirect), more than 7% of the employees in the Italian manufacturing sector. In 2021 (last available data), the automotive sector’s turnover was €106.1 billion, representing 11% of Italy’s manufacturing turnover and 6.2% of Italy’s GDP. In terms of vehicle sales, the Italian market is the 4th largest in Europe and 9th in the world. Italy is among the main producers in Europe, with 732,377 motor vehicles among cars, vans, trucks and buses. Furthermore, thanks to logistical connections, foreign companies that choose Italy for their business, can easily access the European automotive market. Incentives to boost the automotive industryĪutomotive Overview Source: ACEA – European Automobile Manufacturers Association 2021 Snapshots of the sector’s competitive advantages This is true for the entire value chain, from vehicle and component design to the manufacture and marketing of finished goods. The automotive industry boasts a long tradition and plays a very important role in Italy’s economic development.
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