The Motor Vehicle Wheels (Including Parts) market in Peru saw a growth trend from 2013 to 2015, peaking at $105.32 million in 2015. A notable decline from 2016 to 2020 followed, with the market size dwindling to $79.368 million in 2020. A recovery began in 2021, with a gradual increase to $97.325 million in 2023. The year-on-year growth in 2022 was 5.88%, and a slight 0.57% in 2023; the five-year CAGR held at -0.65%, reflecting modest recovery post-pandemic.
- Expect continued market recovery, driven by economic stabilization and increased vehicle production.
- Potential impact from inflationary pressures and regulatory changes on parts imports.
- Technological advancements and sustainable practices may shape future market dynamics.
How does Peru rank in Motor Vehicle Wheels (And Including Parts) Market Size Value?
| # | 36 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 39,551,000,000 | 2023 | +2.38% | +2.35% | View data |
| 2 | 2 China | 19,307,000,000 | 2023 | +3.7% | +3.76% | View data |
| 3 | 3 Germany | 8,397,200,000 | 2023 | +1.11% | +1.25% | View data |
| 4 | 4 Japan | 7,915,500,000 | 2023 | -0.11% | -1.47% | View data |
| 5 | 5 United Kingdom | 3,316,600,000 | 2023 | +0.57% | +0.48% | View data |
| 26 | 26 New Zealand | 130,120,000 | 2023 | +1.69% | +0.45% | View data |
| 27 | 27 Ecuador | 123,300,000 | 2023 | +0.36% | +0.19% | View data |
| 28 | 28 Peru | 97,325,000 | 2023 | +0.57% | -0.65% | |
| 29 | 29 Dominican Republic | 38,040,000 | 2023 | +2.99% | +3.39% | View data |
| 30 | 30 Paraguay | 23,646,000 | 2023 | -0.61% | -0.46% | View data |
