The Motor Vehicles Clutches and Clutch Parts market in South Korea experienced fluctuations from 2013 to 2023. Starting at $5.39 per capita in 2013, it rose to $8.07 in 2023. Recent years showed a recovery with a 3.7% year-on-year increase in 2022 and 3.6% in 2023. Over the past five years, the market showed a Compound Annual Growth Rate (CAGR) of approximately 0.8%, indicating moderate overall growth.
Future trends to watch include:
- Innovations in electric vehicle technology potentially reducing clutch demand.
- Fluctuations in vehicle production and economic conditions affecting market growth.
- Policy shifts towards eco-friendly vehicle solutions.
| # | 50 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 55.71 | 2023 | View data | ||
| 2 | 2 Canada | 38.72 | 2023 | View data | ||
| 3 | 3 France | 34.83 | 2023 | View data | ||
| 4 | 4 Japan | 26.72 | 2023 | View data | ||
| 5 | 5 United Kingdom | 26.46 | 2023 | View data | ||
| 18 | 18 Uruguay | 8.89 | 2023 | View data | ||
| 19 | 19 Montenegro | 8.43 | 2023 | View data | ||
| 20 | 20 South Korea | 8.07 | 2023 | |||
| 21 | 21 Luxembourg | 6.63 | 2023 | View data | ||
| 22 | 22 Denmark | 5.76 | 2023 | View data | ||
