The motor vehicle clutches and parts market size in Belgium showed fluctuating trends from 2013 to 2023, reaching a value of 226.99 Million USD in 2023. From 2013 to 2023, there were notable declines in early years, improvements in mid-years, a dip in 2020, and slight recoveries in subsequent years. Year-on-year growth was negative until 2017, which marked a significant spike. The 5-year CAGR from 2019 to 2023 is negative, highlighting a slight market contraction.
Future trends to watch for include technological advancements in vehicle components, potential shifts towards electric vehicles affecting demand, and economic factors influencing production and consumption in the automotive sector.
How does Belgium 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 |
| 13 | 13 South Africa | 299,090,000 | 2023 | +0.092% | -0.93% | View data |
| 14 | 14 Chile | 287,840,000 | 2023 | +2.78% | +2.65% | View data |
| 15 | 15 Belgium | 226,990,000 | 2023 | +0.89% | -0.81% | |
| 16 | 16 Colombia | 212,670,000 | 2023 | +0.86% | +1.33% | View data |
| 17 | 17 Netherlands | 188,130,000 | 2023 | -1.12% | -0.91% | View data |
