BROWSE THROUGH OUR TRADE FAIRS IN ITALY FOR AUTOMOBILE - AUTOMOTIVE INDUSTRY INDUSTRY

Italy is among the European automotive industry’s leading countries. It is also among the leading states in the global automotive sector. This is because it is among the significant contributors. For instance, the country’s automotive turnover has reached 113 700 000 000 USD in recent years. This forms 11% of the country’s manufacturing turnover and over 6% of its GDP. The country’s automotive industry produces such turnover due to several causes. Italy is among the automotive industry’s time-honoured contributors. Additionally, the country continues to serve as one of the automotive sector’s primary R&D sites. This includes researching novel solutions to the latest challenges, such as sustainability. Often, such research is funded at least partially by the government. For instance, the country’s administration will allocate 8 700 000 000 EUR to assist the segment. The Italian automotive industry is also one of high-volume and high-quality production. For instance, in recent years, the segment has produced over 790 000 vehicles. It has also received registrations for more than 1 450 000 new automobiles. This is due to the country being the European Union’s second most motorised state. For instance, the current average is 76 vehicles per 100 inhabitants. As a result, the sector is among the country's high-value and high-employment segments. Currently, the industry features more than 270 000 specialists. They frequently work within diverse automotive industry companies. This includes leading enterprises featured in the Fortune 500. Such companies often present their latest wares during annual trade expositions. Such events attract hundreds of thousands of participants.