The major industries in Europe include automotive, aerospace and defense. Other important industries include chemicals, biotechnology and food industry. The United Kingdom is the major industrial region of Europe. Other important industrial regions are South Wales, Scotland, Germany, France and Italy.
According to the European commission report of 2005, EU was the world’s largest automotive manufacturing region. The industry directly employed more than 2 million people, indirectly created jobs for more than 10 million people. The leading automotive brands include Volkswagen, Mercedes-Benz and Aston Martin. Other important models are BMW, Ferrari, Lamborghini and Jaguar. The aerospace industry is dominated by France and the U.K. This industry has employed more than 4 million people.
Europe’s defense industry is known for highly sophisticated types of technology including nanotechnology and biological innovations. The defense industry includes space, aeronauts, electronics, military vehicles, ships and armory. The major European defense industry are BAe Systems and Rolls-Royce (UK), Thales (France) EADS (Netherlands) and Finmeccania (Italy). Chemical industry is another major European industry that comprises of 27 percent of the world’s total production. Germany is the leader in this industry. Other players include France, Italy and the U.K. Petrochemicals, polymers and fine chemicals are the major chemical products.
Europe’s economy comprises more than 741 million people in 48 different countries as of 2015, making it the third-most populated continent behind Asia and Africa. The GDP per capita of Europe’s states is higher than the world’s average. Europe is an industrial power with industries spread throughout many countries.