The Motor Vehicles Parts and Accessories market size value per capita in Kenya was $12.2 in 2023, reflecting a steady growth since 2013. Over the last decade, there has been a general upward trend, with a variation peaking between 2014 and 2015 by 9.9%. The past two years saw a year-on-year increase of 4.2% in 2022 and 4.1% in 2023. The compound annual growth rate (CAGR) from 2018 to 2023 indicates a consistent average growth of approximately 5.2% per year.
Future trends to watch for include:
- Potential impacts of emerging automotive technologies and electric vehicle adoption on parts demand.
- Shifts in consumer preferences towards sustainable and environmentally friendly products.
- Influence of economic factors such as currency fluctuations and trade policies on import-export dynamics.
- Infrastructure developments enhancing distribution and logistics efficiencies in the sector.
| # | 45 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,880 | 2023 | View data | ||
| 2 | 2 Austria | 1,590 | 2023 | View data | ||
| 3 | 3 Spain | 1,360 | 2023 | View data | ||
| 4 | 4 Belgium | 1,280 | 2023 | View data | ||
| 5 | 5 France | 1,100 | 2023 | View data | ||
| 42 | 42 Kyrgyzstan | 22.6 | 2023 | View data | ||
| 43 | 43 Philippines | 19.67 | 2023 | View data | ||
| 44 | 44 Kenya | 12.2 | 2023 | |||
| 45 | 45 Benin | 1.34 | 2023 | View data | ||
