The Motor Vehicle Transmissions Market in South Africa experienced considerable fluctuations from 2012 to 2022. Starting in 2012 at 234.67 million USD, it saw a significant decline to 180.61 million USD by 2016. Notably, 2017 marked a turnaround with an 18.85% increase, peaking again at 231.43 million USD in 2018. Subsequent years witnessed a decline, with a pronounced dip in 2020, mainly attributed to the COVID-19 impact, later recovering to 217.64 million USD by 2022. Year-on-year variations indicate an average annual growth rate of about 0.28% over the past five years.
Future trends to watch for include the increasing adoption of electric vehicles (EVs), which may influence the transmission market through changes in technology and demand dynamics. Additionally, advances in automated and smart transmission systems, along with regulatory shifts towards greener technologies, will play a crucial role in shaping the market.
How does South Africa rank in Motor Vehicle Transmissions Market Size Value?
| # | 26 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 72,472,000,000 | 2023 | +3.41% | +0.32% | View data |
| 2 | 2 France | 14,320,000,000 | 2023 | +2.01% | +1.58% | View data |
| 3 | 3 United Kingdom | 11,349,000,000 | 2023 | -0.23% | -0.067% | View data |
| 4 | 4 Spain | 4,801,300,000 | 2023 | -12.5% | -9.54% | View data |
| 5 | 5 South Korea | 4,552,900,000 | 2023 | +4.04% | +3.09% | View data |
| 7 | 7 Belgium | 1,594,100,000 | 2023 | -1.77% | -1.02% | View data |
| 8 | 8 Australia | 485,240,000 | 2023 | -17.46% | -10.89% | View data |
| 9 | 9 South Africa | 217,090,000 | 2023 | -0.25% | -1.27% | |
| 10 | 10 Egypt | 163,670,000 | 2023 | +0.5% | +1.12% | View data |
| 11 | 11 Switzerland | 113,070,000 | 2023 | +0.21% | +1.23% | View data |
