The motor vehicle clutches and clutch parts market in Ireland showed a decline in market size value, reaching $21.137 million in 2023. Since 2013, the market experienced fluctuations, with a major drop between 2016 and 2018, followed by a consistent decline except for a slight recovery in 2021. The last two years saw a moderate year-on-year decrease, with 3.72% in 2022 and 3.82% in 2023, respectively. The CAGR over the last five years indicates an average annual decline of 2.22%.
Future trends to watch:
- Technological advancements in transmission systems which might reduce reliance on traditional clutch systems.
- Increasing adoption of electric vehicles, potentially impacting clutch demand.
- Economic recovery and shifts in consumer preference potentially influencing market dynamics positively.
How does Ireland rank in Motor Vehicles Clutches and Motor Vehicle Clutches Parts Market Size Value?
| # | 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 |
| 37 | 37 Latvia | 28,854,000 | 2023 | +3.22% | +4.31% | View data |
| 38 | 38 Paraguay | 24,633,000 | 2023 | +0.11% | -0.16% | View data |
| 39 | 39 Ireland | 21,571,000 | 2023 | -3.82% | -2.22% | |
| 40 | 40 El Salvador | 21,238,000 | 2023 | +2.58% | +2.8% | View data |
| 41 | 41 Honduras | 18,505,000 | 2023 | +3.38% | +3.36% | View data |
