The Japanese motor vehicle wheels market per capita saw fluctuations from 2013 to 2023, starting at $65.42 and dropping to $62.86 in 2023. Key annual variations include a decrease in value from 2019's high of $61.36 to a pandemic-induced low of $52.23 in 2020, followed by a partial recovery to $62.86 in 2023. Recent two-year analysis shows minor fluctuations with a slight decrease. The five-year CAGR indicates a gradual stabilization, despite past volatility.
Looking ahead, future trends to watch include advancements in wheel materials and technology, sustainability demands, and the impact of the increasing popularity of electric vehicles on design and demand shifts.
| # | 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 | ||
| 6 | 6 Japan | 62.86 | 2023 | |||
| 7 | 7 Switzerland | 54.95 | 2023 | View data | ||
| 8 | 8 United Kingdom | 49.2 | 2023 | View data | ||
