The Motor Vehicle Bumpers and Parts market in Barbados reached a value of $7.62 per capita in 2023, showing progressive growth over the years. The year-on-year change from 2022 to 2023 was approximately a 2.1% increase. Over the five-year period from 2018 to 2023, the compound annual growth rate (CAGR) was about 1.5%. This illustrates steady expansion in the local market, despite minor fluctuations.
Future trends to watch for:
- Technological advancements in vehicle manufacturing and designs, impacting bumper technology.
- Regulatory changes focused on safety and environmental concerns.
- Economic trends in Barbados influencing automotive purchases and upgrades.
| # | 34 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 50.6 | 2023 | View data | ||
| 2 | 2 Austria | 35.45 | 2023 | View data | ||
| 3 | 3 Australia | 32.71 | 2023 | View data | ||
| 4 | 4 Germany | 32.38 | 2023 | View data | ||
| 5 | 5 Norway | 29.95 | 2023 | View data | ||
| 19 | 19 Israel | 9.61 | 2023 | View data | ||
| 20 | 20 Poland | 9.3 | 2023 | View data | ||
| 21 | 21 Barbados | 7.62 | 2023 | |||
| 22 | 22 Saudi Arabia | 5.48 | 2023 | View data | ||
| 23 | 23 Romania | 5.13 | 2023 | View data | ||
