The market size value per capita for motor vehicle chassis fitted with engines in Australia experienced a general decline from 2013 to 2023, dropping from $18.57 to $8 USD. A year-on-year analysis from 2022 to 2023 shows a decrease by about 10.5%, reflecting continuing downward pressure. Over the last two years, there was a slight drop followed by recovery and then further decline. The five-year CAGR from 2018 to 2023 was negative, indicating an average annual decline.
Future trends to watch for include shifts towards electric vehicles that might influence market dynamics, potential supply chain improvements, and the economic impact of resource scarcity on production costs.
