The Motor Vehicles Parts and Accessories market in Germany grew from $1.51k per capita in 2013 to $1.88k per capita by 2023. Over the past two years, the market increased from $1.73k in 2021 to $1.85k in 2022, and to $1.88k in 2023, representing year-on-year growth rates of 7% and 1.62% respectively. The 5-year CAGR from 2018 to 2023 was approximately 1.55%, indicating moderate growth.
Future trends to watch include the impact of advancements in electric vehicle technology, changing consumer preferences towards sustainable products, and potential fluctuations in global supply chains. These factors may influence market dynamics and growth patterns moving forward.
How does Germany rank in Motor Vehicles Parts and Accessories Market Size Value Per Capita?
| # | 45 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,880 | 2023 | |||
| 2 | 2 Austria | 1,590 | 2023 | View data | ||
| 3 | 3 Spain | 1,360 | 2023 | View data | ||
| 4 | 4 Belgium | 1,280 | 2023 | View data | ||
| 5 | 5 France | 1,100 | 2023 | View data | ||
