From 2013 to 2023, Iceland's motor vehicle clutches and parts market saw a general decline in per capita value from $7.7 to $5.47. A year-on-year decrease of approximately 5.9% occurred from 2022 to 2023, alongside an average annual decline (CAGR) of around 7.2% over the past five years.
Future trends to watch for:
- Technological advancements in motor vehicle components which might affect demand for traditional clutch systems.
- Increasing adaptation of electric vehicles, possibly reducing the market size for combustion engine parts.
- Global economic conditions impacting consumer spending on automotive maintenance.
| # | 50 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 55.71 | 2023 | View data | ||
| 2 | 2 Canada | 38.72 | 2023 | View data | ||
| 3 | 3 France | 34.83 | 2023 | View data | ||
| 4 | 4 Japan | 26.72 | 2023 | View data | ||
| 5 | 5 United Kingdom | 26.46 | 2023 | View data | ||
| 24 | 24 Costa Rica | 5.64 | 2023 | View data | ||
| 25 | 25 Switzerland | 5.63 | 2023 | View data | ||
| 26 | 26 Iceland | 5.47 | 2023 | |||
| 27 | 27 Cyprus | 5.06 | 2023 | View data | ||
| 28 | 28 South Africa | 4.94 | 2023 | View data | ||
