The UK Motor Vehicle Wheels and Parts market size stood at USD 49.2 per capita in 2023, marking a steady year-on-year growth from USD 49.07 in 2022 and USD 46.48 in 2021. The CAGR over the last five years is relatively modest, reflecting the market's gradual recovery following the dip in 2020. Looking back to 2013, the market shows an overall upward trend, despite fluctuations like the downward spike in 2020.
Future trends to watch for include:
- Potential market disruptions due to changing automotive technologies, such as electric vehicles and autonomous driving.
- Environmental policies impacting manufacturing and consumption patterns in the automotive industry.
- Economic fluctuations impacting consumer spending power on vehicle accessories.
| # | 31 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 100.79 | 2023 | View data | ||
| 2 | 2 Finland | 96.33 | 2023 | View data | ||
| 3 | 3 Norway | 87.23 | 2023 | View data | ||
| 4 | 4 Belgium | 85.98 | 2023 | View data | ||
| 5 | 5 Austria | 72.6 | 2023 | View data | ||
| 6 | 6 Japan | 62.86 | 2023 | View data | ||
| 7 | 7 Switzerland | 54.95 | 2023 | View data | ||
| 8 | 8 United Kingdom | 49.2 | 2023 | |||
| 9 | 9 France | 47.59 | 2023 | View data | ||
| 10 | 10 Spain | 44.94 | 2023 | View data | ||
