The Brake System Parts (Except Motor Vehicle Linings) market size value per capita in China has shown a general upward trend from 2013 to 2023, with a value of $14.66 in 2023. The market saw growth from 2013 through 2018, peaking in 2018, followed by a decline in 2019-2020. Recovery started in 2021, continuing to grow modestly through 2023. The last two years (2022-2023) exhibited a year-on-year growth rate of approximately 2.52% and 2.52% respectively. Over the last five years, the compound annual growth rate (CAGR) hovered around 2.03%.
Future trends to monitor include:
- The impact of new regulations in the automotive and manufacturing industry affecting production costs and market access.
- The influence of technological advancements on production efficiency and demand for innovative brake solutions.
- The potential shift in global trade policies and their effect on supply chains and raw material availability.
- The economic recovery post-pandemic and its effect on consumer spending power and automotive market growth.
| # | 41 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 100.22 | 2023 | View data | ||
| 2 | 2 Italy | 97.4 | 2023 | View data | ||
| 3 | 3 United Kingdom | 86.39 | 2023 | View data | ||
| 4 | 4 France | 85.05 | 2023 | View data | ||
| 5 | 5 Austria | 71.01 | 2023 | View data | ||
| 22 | 22 Montenegro | 15.86 | 2023 | View data | ||
| 23 | 23 South Africa | 15.7 | 2023 | View data | ||
| 24 | 24 China | 14.66 | 2023 | |||
| 25 | 25 Saudi Arabia | 14.37 | 2023 | View data | ||
| 26 | 26 Cyprus | 12.65 | 2023 | View data | ||
