The motor vehicle wheels (and including parts) market size value per capita in Malaysia increased to $7.25 in 2023. The year-on-year analysis from 2022 to 2023 shows a modest growth of approximately 0.84%. Over the last five years, the compound annual growth rate (CAGR) highlights a steady increase averaging 2.93% annually. This indicates a resilient market recovering from the dip seen in 2020.
Future trends to watch include:
- Technological advancements in wheel manufacturing could further drive value growth.
- Potential impact of environmental regulations on manufacturing processes.
- Shifts in consumer preferences towards more eco-friendly and aesthetically appealing products.
| # | 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 | ||
| 17 | 17 South Korea | 14.19 | 2023 | View data | ||
| 18 | 18 Barbados | 7.89 | 2023 | View data | ||
| 19 | 19 Malaysia | 7.25 | 2023 | |||
| 20 | 20 Ecuador | 6.95 | 2023 | View data | ||
| 21 | 21 Colombia | 5.45 | 2023 | View data | ||
