The Motor Vehicle Wheels market in Switzerland exhibited a mix of fluctuations over the past decade. Starting at $396.31 million in 2012, the market saw several rises and falls, culminating at $465.61 million in 2022. Key periods of growth included years 2014, 2015, and 2018-2019, with remarkable year-on-year growth percentages of 12.41%, 3.5%, and 5.64%, respectively. Conversely, notable declines occurred in 2012, 2016, and 2020 with respective drops of 5.03%, 2.63%, and 5.17%. Over the last five years, the CAGR was primarily modest, averaging 1.31% for 2017-2022.
Future trends to watch for:
- Technological advancements in wheel materials and designs.
- Increasing emphasis on sustainability and eco-friendly manufacturing practices.
- Potential impact of electric vehicles on wheel and part requirements.
- Regulatory changes influencing market dynamics.
| # | 36 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 39,551,000,000 | 2023 | +2.38% | +2.35% | View data |
| 2 | 2 China | 19,307,000,000 | 2023 | +3.7% | +3.76% | View data |
| 3 | 3 Germany | 8,397,200,000 | 2023 | +1.11% | +1.25% | View data |
| 4 | 4 Japan | 7,915,500,000 | 2023 | -0.11% | -1.47% | View data |
| 5 | 5 United Kingdom | 3,316,600,000 | 2023 | +0.57% | +0.48% | View data |
| 19 | 19 Finland | 524,750,000 | 2023 | +6.79% | +1.2% | View data |
| 20 | 20 Norway | 500,270,000 | 2023 | +2.27% | +1.65% | View data |
| 21 | 21 Switzerland | 482,540,000 | 2023 | +1.39% | +1.31% | |
| 22 | 22 Colombia | 279,380,000 | 2023 | +1.4% | +0.56% | View data |
| 23 | 23 Malaysia | 234,190,000 | 2023 | +1.33% | +1.3% | View data |
