The Motor Vehicles Parts and Accessories Market in South Africa has seen varied trends since 2012. After a notable decline between 2012 and 2015, with slight fluctuations, the market gradually rebounded from 2016. Significant growth was observed between 2017 and 2019, peaking at $6.7698 Billion in 2019. However, the market experienced a substantial decline in 2020 amid the global pandemic. A recovery emerged in 2021 with a 16.08% year-on-year increase, continuing into 2022, reaching $6.8942 Billion. The Compound Annual Growth Rate (CAGR) over the last five years is 3.19%, showcasing a positive trajectory.
Future trends to watch for:
- Further stabilization post-COVID-19 impact.
- Growth driven by advancements in automotive technology and increased demand for vehicle customization.
- Impact of regulatory changes and shifts towards sustainable and electric vehicle parts.
| # | 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 |
| 12 | 12 Thailand | 12,906,000,000 | 2023 | -1.75% | -3.22% | View data |
| 13 | 13 Australia | 10,214,000,000 | 2023 | -2.28% | -1.96% | View data |
| 14 | 14 South Africa | 6,985,600,000 | 2023 | +1.33% | +1.84% | |
| 15 | 15 Malaysia | 6,547,000,000 | 2023 | +1.63% | +1.96% | View data |
| 16 | 16 Saudi Arabia | 4,390,300,000 | 2023 | -1.39% | -0.64% | View data |
Latest reports
US Automotive Market Report- Q1 2025
The US automotive market in Q1 2025 is characterized by significant shifts towards electrification, with electric vehicles (EVs) gaining substantial market share. This...
China Automotive Market Report- Q1 2025
The first quarter of 2025 marked a dynamic period for China's automotive market, characterized by significant advancements in electric vehicles (EVs), connected cars,...
Japan Automotive Market Report- Q1 2025
In Q1 2025, Japan's automotive market experienced significant shifts driven by technological advancements, regulatory changes, and evolving consumer preferences. The quarter showcased robust...
Germany Automotive Market Report- Q1 2025
The first quarter of 2025 for the automotive industry in Germany has been marked by significant shifts in market dynamics, regulatory pressures, and...
India Automotive Market Report- Q1 2025
The Indian automotive market in Q1 2025 is characterized by dynamic shifts, primarily driven by the growth of the electric vehicle (EV) segment,...
UK Automotive Market Report- Q1 2025
The UK automotive market in Q1 2025 faces a complex landscape of challenges and opportunities. The sector is navigating significant shifts driven by...
France Automotive Market Report- Q1 2025
The first quarter of 2025 has been pivotal for the French automotive industry, marked by significant shifts towards electric vehicles, regulatory changes, and...
Canada Automotive Market Report- Q1 2025
The Canadian automotive market in Q1 2025 is at a crossroads, influenced by a complex interplay of trade policies, economic conditions, and evolving...
Brazil Automotive Market Report- Q1 2025
In the first quarter of 2025, Brazil's automotive market continues to demonstrate resilience and adaptation amidst economic challenges. Despite high inflation and interest...
Italy Automotive Market Report- Q1 2025
The Italian automotive sector in Q1 2025 is navigating a period of transformative change, marked by significant challenges and emerging opportunities. This report...
