The motor vehicle clutches and parts market in Portugal displayed fluctuations from 2013 to 2023, with a notable downturn in 2020. By 2023, the market reached a value of $155.24 million, rebounding from previous lows. Year-on-year variations showed instability, highlighted by significant growth in 2017 and 2021, but also major declines in 2015 and 2020. Over the past five years, the compound annual growth rate remained relatively stagnant, reflecting market volatility and recovery efforts.
Future trends to watch for:
- Increasing adoption of electric vehicles, reducing demand for traditional clutch components.
- Advancements in automotive technology, prompting updates in clutch system requirements.
- Potential supply chain disruptions affecting parts production and availability.
How does Portugal 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 |
| 19 | 19 Ecuador | 167,420,000 | 2023 | +2.76% | +3.22% | View data |
| 20 | 20 Malaysia | 155,720,000 | 2023 | +3.24% | +3.03% | View data |
| 21 | 21 Portugal | 155,240,000 | 2023 | +0.33% | -0.01% | |
| 22 | 22 Greece | 116,750,000 | 2023 | +0.52% | -0.33% | View data |
| 23 | 23 Morocco | 78,046,000 | 2023 | +0.78% | -0.53% | View data |
