The motor vehicle transmissions market in Uruguay saw fluctuations over the past decade, peaking at 14.936 million USD in 2014 and declining to 11.325 million USD by 2023. The market consistently declined post-2014, sharply in 2020 by 12.31%, followed by modest recovery until 2022. The 2023 value represented a slight year-on-year decline of 0.96%, maintaining a negative compound annual growth rate (CAGR) of -3.39% over five years.
Future Trends to Watch:
- Technological innovations such as electric vehicle adoption are likely to reshape market dynamics.
- Trade policies and economic conditions in Uruguay and globally could impact market performance.
How does Uruguay 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 |
| 21 | 21 Lebanon | 14,270,000 | 2023 | +3.35% | +3.11% | View data |
| 22 | 22 Costa Rica | 13,602,000 | 2023 | +1.94% | +1.61% | View data |
| 23 | 23 Uruguay | 11,325,000 | 2023 | -0.96% | -3.39% | |
| 24 | 24 El Salvador | 6,820,400 | 2023 | +2.34% | +3.36% | View data |
| 25 | 25 Mauritius | 1,787,100 | 2023 | +1.08% | +0.43% | View data |
