The motor vehicle clutches and parts market value per capita in Lebanon stood at $1.81 in 2023, indicating stability compared to 2022. After a dip to $1.5 in 2020, reflective of broader economic impacts, the market has demonstrated resilience. From 2019 to 2023, the compound annual growth rate (CAGR) is approximately 0%, showing a stagnant market over five years, albeit with fluctuations. In the last two years, the market rebounded with a 7.33% increase from 2020 to 2021, maintaining steadiness thereafter.
Future trends to watch include potential market shifts due to evolving automotive technologies, economic adjustments, and regulatory changes impacting vehicle imports and manufacturing. Additionally, advancements in electric vehicles may influence clutch demand, necessitating strategic adaptation.
| # | 50 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 55.71 | 2023 | View data | ||
| 2 | 2 Canada | 38.72 | 2023 | View data | ||
| 3 | 3 France | 34.83 | 2023 | View data | ||
| 4 | 4 Japan | 26.72 | 2023 | View data | ||
| 5 | 5 United Kingdom | 26.46 | 2023 | View data | ||
| 42 | 42 Honduras | 1.87 | 2023 | View data | ||
| 43 | 43 Jamaica | 1.85 | 2023 | View data | ||
| 44 | 44 Lebanon | 1.81 | 2023 | |||
| 45 | 45 Kenya | 0.96 | 2023 | View data | ||
| 46 | 46 Jordan | 0.78 | 2023 | View data | ||
