The motor vehicle parts and accessories market in Kenya has experienced fluctuations over the past decade, with the market size growing from USD 298.37 million in 2012 to USD 622.55 million in 2022. The market displayed significant growth from 2012 to 2020, with a compound annual growth rate (CAGR) averaging around 7.18% over the last five years. There was a notable dip in 2017 and again in 2021, but the market recovered strongly by 2022.
Year-on-year variation highlights include:
- 2021: -3.46%
- 2022: 9.12%
As of 2023, the market size is trending upwards again, with the early data suggesting continued growth.
Future trends to watch include:
- The impact of electric vehicle adoption on parts demand.
- Regulatory changes affecting import/export processes.
- Technological advancements in automotive parts manufacturing.
- Market responses to potential economic disruptions or accelerations.
| # | 45 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 235,410,000,000 | 2023 | +4.39% | +0.72% | View data |
| 2 | 2 Germany | 156,470,000,000 | 2023 | +1.79% | +1.62% | View data |
| 3 | 3 Japan | 115,890,000,000 | 2023 | -1.84% | -2.75% | View data |
| 4 | 4 France | 74,756,000,000 | 2023 | +0.83% | -0.36% | View data |
| 5 | 5 United Kingdom | 66,161,000,000 | 2023 | +0.35% | -0.9% | View data |
| 27 | 27 Lithuania | 910,270,000 | 2023 | +4.39% | +3.4% | View data |
| 28 | 28 Guatemala | 757,150,000 | 2023 | +3.04% | +2.74% | View data |
| 29 | 29 Kenya | 666,230,000 | 2023 | +5.16% | +6.32% | |
| 30 | 30 Latvia | 663,090,000 | 2023 | +3.75% | +1.46% | View data |
| 31 | 31 Croatia | 624,860,000 | 2023 | +1.82% | +0.66% | View data |
Latest reports
US Automotive Market Report- Q1 2025
The US automotive market in Q1 2025 is characterized by significant shifts towards electrification, with electric vehicles (EVs) gaining substantial market share. This...
China Automotive Market Report- Q1 2025
The first quarter of 2025 marked a dynamic period for China's automotive market, characterized by significant advancements in electric vehicles (EVs), connected cars,...
Japan Automotive Market Report- Q1 2025
In Q1 2025, Japan's automotive market experienced significant shifts driven by technological advancements, regulatory changes, and evolving consumer preferences. The quarter showcased robust...
Germany Automotive Market Report- Q1 2025
The first quarter of 2025 for the automotive industry in Germany has been marked by significant shifts in market dynamics, regulatory pressures, and...
India Automotive Market Report- Q1 2025
The Indian automotive market in Q1 2025 is characterized by dynamic shifts, primarily driven by the growth of the electric vehicle (EV) segment,...
UK Automotive Market Report- Q1 2025
The UK automotive market in Q1 2025 faces a complex landscape of challenges and opportunities. The sector is navigating significant shifts driven by...
France Automotive Market Report- Q1 2025
The first quarter of 2025 has been pivotal for the French automotive industry, marked by significant shifts towards electric vehicles, regulatory changes, and...
Canada Automotive Market Report- Q1 2025
The Canadian automotive market in Q1 2025 is at a crossroads, influenced by a complex interplay of trade policies, economic conditions, and evolving...
Brazil Automotive Market Report- Q1 2025
In the first quarter of 2025, Brazil's automotive market continues to demonstrate resilience and adaptation amidst economic challenges. Despite high inflation and interest...
Italy Automotive Market Report- Q1 2025
The Italian automotive sector in Q1 2025 is navigating a period of transformative change, marked by significant challenges and emerging opportunities. This report...
