Over the past decade, the market for motor vehicle mufflers and exhaust pipes in Belgium has experienced fluctuations. After peaking in 2013 at $423.42 million, the market saw a consistent decline to $380.33 million in 2017. A recovery phase occurred, notably in 2018 with a 6.57% increase, though 2020 saw a significant drop to $328.54 million due to global disruptions. By 2023, the market value reached $393.36 million, a slight decrease from 2022, marking a year-on-year decline of 0.2%. Over the recent five-year period, the CAGR reflects a minor contraction of 0.6% annually.
Future trends to watch for include:
- Technological advancements in emission control systems.
- Regulatory changes impacting the automotive industry.
- Shifts toward electric vehicles reducing demand for traditional exhaust systems.
- Global supply chain resilience affecting component availability and costs.
| # | 24 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 9,767,200,000 | 2023 | +0.88% | +0.46% | View data |
| 2 | 2 Germany | 3,845,300,000 | 2023 | +1.67% | +0.67% | View data |
| 3 | 3 United Kingdom | 2,206,600,000 | 2023 | +2.24% | +1.99% | View data |
| 4 | 4 France | 2,136,500,000 | 2023 | +1.3% | +1.66% | View data |
| 5 | 5 Japan | 1,437,100,000 | 2023 | -1.49% | -1.87% | View data |
| 6 | 6 Italy | 881,760,000 | 2023 | +1.43% | +2.02% | View data |
| 7 | 7 Spain | 673,300,000 | 2023 | -7.83% | -5.75% | View data |
| 8 | 8 Belgium | 393,360,000 | 2023 | -0.2% | -0.6% | |
| 9 | 9 Australia | 276,500,000 | 2023 | +0.53% | -0.19% | View data |
| 10 | 10 Indonesia | 178,240,000 | 2023 | +0.079% | -0.32% | View data |
