In 2023, the market for motor vehicle mufflers and exhaust pipes in New Zealand reached a value of 26.126 million USD. The market witnessed fluctuating growth over the decade. Significant growth was seen in 2016 with a 16% increase, while 2020 experienced a sharp decline by 17.14% due to disruptions possibly associated with the pandemic. From 2018 to 2023, the market demonstrated a Compound Annual Growth Rate (CAGR) of 3.7%, despite the volatility.
Future trends to consider:
- Advancements in vehicle technology, particularly electric vehicles, may impact demand for traditional exhaust components.
- Environmental regulations could drive innovations in exhaust systems to meet stringent emissions standards.
- Potential growth from increased vehicle production as the economy recovers post-pandemic.
How does New Zealand rank in Motor Vehicle Mufflers and Motor Vehicles Exhaust Pipes Market Size Value?
| # | 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 |
| 11 | 11 Denmark | 94,706,000 | 2023 | -13.35% | -11.8% | View data |
| 12 | 12 Switzerland | 57,895,000 | 2023 | -1.92% | -1.45% | View data |
| 13 | 13 New Zealand | 26,126,000 | 2023 | +2.16% | +3.7% | |
| 14 | 14 Colombia | 21,205,000 | 2023 | -5.47% | -6.01% | View data |
| 15 | 15 Latvia | 11,650,000 | 2023 | -1.44% | -1.38% | View data |
