The motor vehicle clutches and parts market in Kenya demonstrated robust growth from 2013 to 2018, with values rising from $23.933 million to $46.432 million. A notable dip occurred in 2019 and 2020, attributed to market fluctuations and possibly external economic impacts. Recovery resumed in 2021, leading to a 2023 value of $51.397 million. Year-on-year changes were volatile, peaking at 20.85% in 2018, but averaging a modest 2.05% CAGR from 2019 to 2023, reflecting a stabilization phase post-recovery.
Future trends to monitor include:
- Sustainability in automotive manufacturing.
- Technological advancements impacting vehicle longevity and maintenance.
- Economic factors influencing automotive import/export dynamics.
How does Kenya 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 |
| 28 | 28 Switzerland | 55,319,000 | 2023 | -1.1% | -0.7% | View data |
| 29 | 29 Norway | 52,111,000 | 2023 | -0.61% | -1.04% | View data |
| 30 | 30 Kenya | 51,397,000 | 2023 | +4.72% | +2.05% | |
| 31 | 31 Belarus | 43,601,000 | 2023 | +0.63% | +0.073% | View data |
| 32 | 32 Slovenia | 39,838,000 | 2023 | +3.19% | +3.29% | View data |
