The Motor Vehicle Bumpers and Motor Vehicle Bumper Parts market in Australia grew from $24.77 per capita in 2013 to $32.71 per capita in 2023. The market experienced fluctuations, with notable growth peaking in 2017 and a dip during 2020, possibly due to the COVID-19 pandemic. The year-on-year growth for 2022 to 2023 was 1.9%, while the 5-year CAGR from 2018 to 2023 was approximately 0.8%.
Future trends to watch include:
- Technological advancements in bumper materials increasing durability and reducing costs.
- Rising consumer demand for safer and more efficient vehicles driving the bumper market.
- Potential regulatory changes focusing on vehicle safety standards.
How does Australia rank in Motor Vehicle Bumpers and Motor Vehicle Bumper Parts Market Size Value Per Capita?
| # | 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 | |||
| 4 | 4 Germany | 32.38 | 2023 | View data | ||
| 5 | 5 Norway | 29.95 | 2023 | View data | ||
