The market size value for brake system parts (except motor vehicle linings) in Montenegro increased from $9.5 per capita in 2013 to $15.86 per capita in 2023. Between 2022 and 2023, there was a 5.31% year-on-year increase. The five-year period from 2018 to 2023 saw a compound annual growth rate (CAGR) of approximately 2.11%. Despite fluctuations, the overall trend has been upward, highlighting a steady demand for brake system parts in Montenegro.
Looking ahead, future market trends to watch for include advances in brake technology, potential shifts toward more sustainable or electric brake systems, and any changes in automotive regulations that might enhance product demand.
| # | 41 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 100.22 | 2023 | View data | ||
| 2 | 2 Italy | 97.4 | 2023 | View data | ||
| 3 | 3 United Kingdom | 86.39 | 2023 | View data | ||
| 4 | 4 France | 85.05 | 2023 | View data | ||
| 5 | 5 Austria | 71.01 | 2023 | View data | ||
| 20 | 20 South Korea | 20.34 | 2023 | View data | ||
| 21 | 21 Chile | 16.72 | 2023 | View data | ||
| 22 | 22 Montenegro | 15.86 | 2023 | |||
| 23 | 23 South Africa | 15.7 | 2023 | View data | ||
| 24 | 24 China | 14.66 | 2023 | View data | ||
