The motor vehicle transmissions market in New Zealand reached a value of 66.985 million US dollars in 2023. Over the past decade, the market has experienced fluctuations, with notable declines during 2017-2020. Recent growth resumed from 2021, but at a modest rate with a 0.25% increase in 2023. The compound annual growth rate (CAGR) over the last five years was -0.64%, indicating a slight overall market contraction.
Future trends to watch for include:
- Potential market recovery as economic conditions stabilize post-pandemic.
- Increased adoption of electric and hybrid vehicles affecting transmission demand.
- Technological advancements in transmission systems to improve efficiency.
- Regulatory changes influencing manufacturing and import policies.
How does New Zealand rank in Motor Vehicle Transmissions Market Size Value?
| # | 26 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 72,472,000,000 | 2023 | +3.41% | +0.32% | View data |
| 2 | 2 France | 14,320,000,000 | 2023 | +2.01% | +1.58% | View data |
| 3 | 3 United Kingdom | 11,349,000,000 | 2023 | -0.23% | -0.067% | View data |
| 4 | 4 Spain | 4,801,300,000 | 2023 | -12.5% | -9.54% | View data |
| 5 | 5 South Korea | 4,552,900,000 | 2023 | +4.04% | +3.09% | View data |
| 13 | 13 Israel | 68,711,000 | 2023 | +2.75% | -0.11% | View data |
| 14 | 14 Ecuador | 67,133,000 | 2023 | +2.21% | +2.15% | View data |
| 15 | 15 New Zealand | 66,985,000 | 2023 | +0.25% | -0.64% | |
| 16 | 16 Denmark | 40,741,000 | 2023 | -4.62% | -4.69% | View data |
| 17 | 17 Estonia | 22,405,000 | 2023 | +3.86% | +3.24% | View data |
