Between 2012 and 2023, the motor vehicle transmissions market size value per capita in Norway showed a decreasing trend, with key fluctuations. Notably, there was a sharp decline from 2012 to 2015, followed by a partial recovery in 2016 and 2017. However, the market values declined again from 2018 to 2020, with the trend stabilizing slightly through 2023.
From 2021 to 2023, year-on-year variations were minimal, suggesting the market reached a temporary equilibrium. The compound annual growth rate (CAGR) over five years leading up to 2023 indicated a declining market.
Future trends to watch:
- Automotive advancements such as electric vehicles potentially altering market dynamics.
- Regulatory shifts favoring environmental sustainability influencing transmission technologies.
- Consumer demand leaning towards more efficient and innovative transmission systems.
| # | 24 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 France | 211.88 | 2023 | View data | ||
| 2 | 2 United Kingdom | 167.95 | 2023 | View data | ||
| 3 | 3 Belgium | 136.67 | 2023 | View data | ||
| 4 | 4 Spain | 114.61 | 2023 | View data | ||
| 5 | 5 South Korea | 83.57 | 2023 | View data | ||
| 6 | 6 Poland | 61.29 | 2023 | View data | ||
| 7 | 7 China | 41.52 | 2023 | View data | ||
| 8 | 8 Norway | 19.07 | 2023 | |||
| 9 | 9 Estonia | 15.44 | 2023 | View data | ||
| 10 | 10 New Zealand | 13.04 | 2023 | View data | ||
