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Motor Vehicle Wholesaling & Retailing in Luxembourg - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

LU-G451 March 2024 Factsheet

Revenue

€3.9bn

2019-2024 5.3 %
2024-2029 X.X %

Employees

5,462

2019-2024 1.0 %
2024-2029 X.X %

Businesses

499

2019-2024 0.0 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 X.X %
2024-2029 X.X %

Motor Vehicle Wholesaling & Retailing in Luxembourg market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Luxembourg compared to Europe?

Country Benchmarking

Industry Data Luxembourg

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#26 In Europe
Business
#32 In Europe
Employees
#27 In Europe
Wages
#23 In Europe

View industry report for Europe

The European motor vehicle wholesaling and retailing industry’s revenue is forecast to slump at a compound annual rate of 5.1% over the five years through 2024 to €1,321.8 billion, with a projected decline of 1.9% in 2024. The COVID-19 pandemic stalled demand for new car sales as many showrooms temporarily closed in line with social distancing restrictions and financial uncertainty dissuaded big ticket purchases. The pandemic also contributed to a semiconductor shortage, leading to a substantial backorder at many car dealerships. Revenue slumped through 2022 but made a comeback in 2023 as the semiconductor shortage eased. In the 9 months through September 2023, the EU and UK and car market grew by 16.9% and 20.2% respectively, according to the ACEA and SMMT, marking a hefty rebound in car sales. This surge in car sales boosts profitability for many car dealers.

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Enterprises
Number of businesses in 2024

Biggest companies in the Motor Vehicle Wholesaling & Retailing in Luxembourg

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Volkswagen AG
355,755.0
28,187.0
7.9
Stellantis NV
205,710.0
31,700.0
15.4
Toyota Motor Europe NV/SA
353,977.3
25,840.3
7.3

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Top Questions Answered in this Report

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What is the market size of the Motor Vehicle Wholesaling & Retailing industry in Luxembourg in 2024?

The market size of the Motor Vehicle Wholesaling & Retailing industry in Luxembourg is €3.9bn in 2024.

How many businesses are there in the Motor Vehicle Wholesaling & Retailing in Luxembourg industry in 2024?

There are 499 businesses in the Motor Vehicle Wholesaling & Retailing industry in Luxembourg, which has grown at a CAGR of 0.0 % between 2019 and 2024.

Has the Motor Vehicle Wholesaling & Retailing industry in Luxembourg grown or declined over the past 5 years?

The market size of the Motor Vehicle Wholesaling & Retailing industry in Luxembourg has been declining at a CAGR of 5.3 % between 2019 and 2024.

What is the forecast growth of the Motor Vehicle Wholesaling & Retailing industry in Luxembourg over the next 5 years?

Over the next five years, the Motor Vehicle Wholesaling & Retailing industry in Luxembourg is expected to grow.

What are the biggest companies in the Motor Vehicle Wholesaling & Retailing market in Luxembourg?

The biggest companies operating in the Motor Vehicle Wholesaling & Retailing market in Luxembourg are Volkswagen AG, Stellantis NV and Toyota Motor Europe NV/SA

What does the Motor Vehicle Wholesaling & Retailing in Luxembourg include?

Diesel vehicles and Petrol vehicles are part of the Motor Vehicle Wholesaling & Retailing industry.

Which companies have the highest market share in the Motor Vehicle Wholesaling & Retailing in Luxembourg?

The company holding the most market share in Luxembourg is Volkswagen AG.

How competitive is the Motor Vehicle Wholesaling & Retailing industry in Luxembourg?

The level of competition is high and increasing in the Motor Vehicle Wholesaling & Retailing industry in Luxembourg.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in this industry sell new and used cars. The industry includes retailers (which sell directly to consumers) and wholesalers (which sell to car dealers). Passenger motor vehicles and specialised motor vehicles fall under this industry.

Related Terms

LIGHT MOTOR VEHICLESPORTS UTILITY VEHICLEALTERNATIVELY FUELLED VEHICLE

What's included in this industry?

Diesel vehiclesPetrol vehiclesElectric vehiclesCommercial vehicles

Companies

Volkswagen AGStellantis NVToyota Motor Europe NV/SA

Industry Code

ISIC 2006

451 - Sale of motor vehicles in Luxembourg

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Motor Vehicle Wholesaling & Retailing in Luxembourg industry?


Outlook

Analysis

What's driving the Motor Vehicle Wholesaling & Retailing in Luxembourg industry outlook?


Volatility

Analysis

What influences volatility in the Motor Vehicle Wholesaling & Retailing in Luxembourg industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Motor Vehicle Wholesaling & Retailing in Luxembourg industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Commercial vehicles are increasingly electric battery powered. Fleet managers are raising the number of electric vehicles in their fleet to reduce emissions and lower fuel costs.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Motor Vehicle Wholesaling & Retailing in Luxembourg industry's products and services performing?

Analysis

What are innovations in the Motor Vehicle Wholesaling & Retailing in Luxembourg industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Motor Vehicle Wholesaling & Retailing in Luxembourg industry?


International Trade

Highlights

  • Total Imports into Luxembourg
  • Total Exports into Luxembourg
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The industry is concentrated at the continental level. While a few companies like Volkswagen, Renault and BMW boast a substantial market share in Europe, there are regional variations in concentration (i.e. Lada dominates the Russian car market).

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Motor Vehicle Wholesaling & Retailing in Luxembourg located?

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Future bans on new petrol and diesel car sales intensify. The UK and the EU will effectively ban the sale of new petrol and diesel cars by 2030 and 2035 respectively to reduce greenhouse gas emissions.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Motor Vehicle Wholesaling & Retailing in Luxembourg industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

A semiconductor shortage leads to severe lost sales opportunities.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Motor Vehicle Wholesaling & Retailing in Luxembourg industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

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