Between 2013 and 2023, the Motor Vehicles Shock Absorbers market in China grew from $4.77 to $9.16 per capita, marking a steady upward trend. The market showed resilience, sustaining growth with only a minor dip in 2019. Year-on-year growth rates for 2022 to 2023 were 2.8%, and the Compound Annual Growth Rate (CAGR) over the last five years was around 3.4%, indicating consistent expansion in demand and production capacity.
Looking forward, future trends to watch include technological advancements leading to more durable shock absorbers, increasing demand from electric vehicle segments, and potential market fluctuations due to economic policies and global supply chain issues.
| # | 42 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 52.47 | 2023 | View data | ||
| 2 | 2 Belgium | 47.1 | 2023 | View data | ||
| 3 | 3 Spain | 40.62 | 2023 | View data | ||
| 4 | 4 France | 37.44 | 2023 | View data | ||
| 5 | 5 Japan | 36.07 | 2023 | View data | ||
| 20 | 20 Uruguay | 10.15 | 2023 | View data | ||
| 21 | 21 Switzerland | 9.68 | 2023 | View data | ||
| 22 | 22 China | 9.16 | 2023 | |||
| 23 | 23 Costa Rica | 8.62 | 2023 | View data | ||
| 24 | 24 Luxembourg | 8.33 | 2023 | View data | ||
