The market size value per capita for motor vehicle wheels and parts in Australia has shown fluctuations over the past decade, starting at $41.52 in 2013 and declining to $28.41 in 2023. Recent years reveal a downward trend: 2022 saw a decline to $28.75 from $29.16 in 2021, translating to a -1.8% decrease, while 2023 experienced a further decline of -1.2%. Over the last five years, the compound annual growth rate (CAGR) is around -2.4%, indicating a sustained downward trend in per capita value.
Future trends to watch for include:
- The impact of shifting consumer preferences towards electric vehicles.
- The influence of technological advancements in wheel production.
- The potential effects of regulatory changes related to environmental standards on market dynamics.
- Global economic conditions and their influence on discretionary spending in the automotive sector.
| # | 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 | ||
| 12 | 12 Netherlands | 38.2 | 2023 | View data | ||
| 13 | 13 Denmark | 30.39 | 2023 | View data | ||
| 14 | 14 Australia | 28.41 | 2023 | |||
| 15 | 15 New Zealand | 25.61 | 2023 | View data | ||
| 16 | 16 Poland | 15.34 | 2023 | View data | ||
