The Motor Vehicles Parts and Accessories market in New Zealand reached a size of 1.5892 billion USD by 2023, as far as its value is concerned. Over the years, the market saw fluctuations with a notable dip in 2020. However, it rebounded with significant growth in 2021. Year-on-year growth for 2023 was 1.6%, while the average yearly CAGR over the past five years was 1.2%.
Future trends to watch include:
- Continued technological advancement in automotive parts, potentially driving market growth.
- The impact of global supply chain disruptions on part availability and pricing.
- Increased demand for eco-friendly vehicle components aligning with sustainable practices.
How does New Zealand 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 |
| 23 | 23 Greece | 1,655,800,000 | 2023 | +1.06% | +0.6% | View data |
| 24 | 24 Peru | 1,627,600,000 | 2023 | +2.83% | +1.68% | View data |
| 25 | 25 New Zealand | 1,589,200,000 | 2023 | +1.6% | +1.2% | |
| 26 | 26 Ecuador | 1,301,400,000 | 2023 | +1.1% | +1.24% | View data |
| 27 | 27 Lithuania | 910,270,000 | 2023 | +4.39% | +3.4% | View data |
