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Automotive
The automotive industry boasts a long tradition and plays a very important role in Italy’s economic development. This is true for the entire value chain, from vehicle and component design to the manufacture and marketing of finished goods.
In 2021, the automotive sector’s turnover was €106.1 billion, representing 11% of Italy’s manufacturing turnover and 6.2% of Italy’s GDP. 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. Furthermore, the sector has a strong export vocation and is fully integrated in the major Global Value Chains (GVCs).
From the industrial district in Piedmont (birthplace of FIAT and a region that is the forerunner in Italy in terms of automotive components companies and accounts for around 45% of the national automotive sector’s total revenue) to the “Motor Valley” in Emilia Romagna (and its world-famous Italian luxury brands: Ferrari, Lamborghini, Ducati, Maserati, and Dallara, just to name a few) the Italian automotive sector has something for everyone.
Major developments have and will influence the automotive sector: lower emissions, electric batteries, connectivity and sustainable mobility. These trends are reshaping the sector and the country is also accelerating the transition to sustainable mobility (with a 199% increase in sales in electrified cars in 2021) and Zero CO2 emissions.
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