The motor vehicle clutches and parts market in Uganda reached a value of $6.912 million in 2023. The market demonstrated substantial growth from 2013 to 2018, with significant year-on-year increases and high annual growth rates driven by economic expansion and increasing automotive demand. However, post-2018 growth slowed, with an average annual growth rate of 4.39% up to 2023. From 2022 to 2023, the year-on-year growth was 4.36%, indicating stabilization in market expansion.
Future trends to watch for include:
- Technological advancements possibly influencing clutch durability and market dynamics.
- Economic factors and policy changes impacting vehicle imports and aftermarket parts demand.
- A shift towards electric vehicles, which might reduce the demand for traditional clutch systems.
| # | 56 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 14,279,000,000 | 2023 | +1.67% | +1.46% | View data |
| 2 | 2 China | 6,050,400,000 | 2023 | +2.89% | +2% | View data |
| 3 | 3 Germany | 4,636,400,000 | 2023 | +1.94% | +1.85% | View data |
| 4 | 4 Japan | 3,361,100,000 | 2023 | -1.36% | -0.94% | View data |
| 5 | 5 France | 2,358,600,000 | 2023 | +0.74% | +0.82% | View data |
| 43 | 43 Estonia | 13,221,000 | 2023 | +2.04% | +1.2% | View data |
| 44 | 44 Jordan | 8,055,900 | 2023 | +2.57% | +0.61% | View data |
| 45 | 45 Uganda | 6,912,000 | 2023 | +4.36% | +4.39% | |
| 46 | 46 Mauritius | 6,243,000 | 2023 | +1.78% | +2.7% | View data |
| 47 | 47 Cyprus | 6,140,900 | 2023 | +0.67% | +1.93% | View data |
