The Motor Vehicles Parts and Accessories market in Switzerland experienced fluctuating growth rates between 2012 and 2022. Declines were observed in 2012 (-6.81%) and 2013 (-3.91%), followed by a significant positive turnaround in 2014 with a +17.06% year-on-year increase. A mixed trend ensued, with slight dips and recoveries: 2015 (-1.21%), 2016 (-8.09%), and relative stability in the subsequent years. Notable growth was achieved in 2018 (+9.14%) and 2022 (+6.4%), leading the market size to culminate at 2.9387 Billion US Dollars by 2022. Over the past five years, the compound annual growth rate (CAGR) stood at 2.73%.
For future trends, watch for:
- Continued advancement in automotive technology, particularly electric vehicles and autonomous driving.
- Regulatory changes influencing production standards and part specifications.
- Supply chain adjustments and resilience strategies post-pandemic.
How does Switzerland rank in Motor Vehicles Parts and Accessories Market Size Value?
| # | 45 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 235,410,000,000 | 2023 | +4.39% | +0.72% | View data |
| 2 | 2 Germany | 156,470,000,000 | 2023 | +1.79% | +1.62% | View data |
| 3 | 3 Japan | 115,890,000,000 | 2023 | -1.84% | -2.75% | View data |
| 4 | 4 France | 74,756,000,000 | 2023 | +0.83% | -0.36% | View data |
| 5 | 5 United Kingdom | 66,161,000,000 | 2023 | +0.35% | -0.9% | View data |
| 18 | 18 Chile | 3,854,000,000 | 2023 | +0.098% | -0.065% | View data |
| 19 | 19 Norway | 3,421,000,000 | 2023 | +0.95% | +0.32% | View data |
| 20 | 20 Switzerland | 2,798,100,000 | 2023 | +0.96% | -0.037% | |
| 21 | 21 Denmark | 2,299,900,000 | 2023 | -0.67% | -0.35% | View data |
| 22 | 22 Philippines | 2,217,700,000 | 2023 | -1.75% | -2.11% | View data |
