The market size value per capita for motor vehicle wheels in Italy has been on a generally upward trajectory from 2013 to 2023, with a dip in 2020 likely due to the pandemic. By 2023, the value stood at $40.12, showcasing recovery and growth. Notably, from 2022 to 2023, the market grew by 1.11%. Over the last five years, the compound annual growth rate (CAGR) was approximately 1.05%.
Looking ahead, key trends to watch include advancements in wheel technology and automation, shifts towards electric vehicles requiring different wheel specifications, and potential economic impacts of sustainability regulations in the industry.
| # | 31 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 100.79 | 2023 | View data | ||
| 2 | 2 Finland | 96.33 | 2023 | View data | ||
| 3 | 3 Norway | 87.23 | 2023 | View data | ||
| 4 | 4 Belgium | 85.98 | 2023 | View data | ||
| 5 | 5 Austria | 72.6 | 2023 | View data | ||
| 9 | 9 France | 47.59 | 2023 | View data | ||
| 10 | 10 Spain | 44.94 | 2023 | View data | ||
| 11 | 11 Italy | 40.12 | 2023 | |||
| 12 | 12 Netherlands | 38.2 | 2023 | View data | ||
| 13 | 13 Denmark | 30.39 | 2023 | View data | ||
