From 2013 to 2023, Greece's Motor Vehicles Parts and Accessories Market value per capita exhibited growth, starting from $125.76 in 2013 and reaching $155.4 in 2023. The market saw a notable increase from 2016 to 2018 but experienced a decline in 2020, likely due to the COVID-19 pandemic's impact. Recovery commenced in 2021, culminating in its highest value in 2023.
Year-on-year analysis reveals a 2.97% growth from 2022 to 2023, following a 6.56% rise from 2021 to 2022. The Compound Annual Growth Rate (CAGR) for the last five years was 3.63%.
Future trends to watch for:
- Adoption of electric and hybrid vehicle accessories.
- Impact of sustainable and energy-efficient part demand.
- Advancements in technology affecting accessory design and manufacturing.
- Potential economic fluctuations and their effects on consumer purchasing power.
How does Greece rank in Motor Vehicles Parts and Accessories Market Size Value Per Capita?
| # | 45 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,880 | 2023 | View data | ||
| 2 | 2 Austria | 1,590 | 2023 | View data | ||
| 3 | 3 Spain | 1,360 | 2023 | View data | ||
| 4 | 4 Belgium | 1,280 | 2023 | View data | ||
| 5 | 5 France | 1,100 | 2023 | View data | ||
| 23 | 23 China | 161.05 | 2023 | View data | ||
| 24 | 24 Croatia | 159.46 | 2023 | View data | ||
| 25 | 25 Greece | 155.4 | 2023 | |||
| 26 | 26 Barbados | 132.82 | 2023 | View data | ||
| 27 | 27 Saudi Arabia | 119.25 | 2023 | View data | ||
