The Motor Vehicle Drive Axles market in New Zealand exhibited dynamic year-on-year shifts from 2013 to 2023. Notably, 2023 marked the highest per capita value at $10.59 USD. Analyzing the last two years, 2022 saw a 7.46% increase, while 2023 experienced a 2.02% rise, highlighting a steady upward trend. The five-year compound annual growth rate (CAGR) from 2019 to 2023 was approximately 2.48%, reinforcing the sector’s gradual recovery post-pandemic.
Looking forward, watch for:
- Automotive technology advancements
- Shift towards electric vehicles
- Regulatory impacts on manufacturing and imports
How does New Zealand rank in Motor Vehicle Drive Axles Market Size Value Per Capita?
| # | 25 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 112.08 | 2023 | View data | ||
| 2 | 2 Germany | 106.12 | 2023 | View data | ||
| 3 | 3 Spain | 55.7 | 2023 | View data | ||
| 4 | 4 Japan | 51.4 | 2023 | View data | ||
| 5 | 5 France | 48.02 | 2023 | View data | ||
| 9 | 9 Norway | 16.81 | 2023 | View data | ||
| 10 | 10 Malaysia | 14.93 | 2023 | View data | ||
| 11 | 11 New Zealand | 10.59 | 2023 | |||
| 12 | 12 Australia | 10.37 | 2023 | View data | ||
| 13 | 13 South Africa | 10.07 | 2023 | View data | ||
