Over the last decade, the Motor Vehicle Transmissions market in Israel experienced initial growth followed by a significant decline and slight recovery. In 2023, the market size stood at approximately 68.711 million USD, reflecting a year-on-year increase of 2.75%. Between 2018 and 2023, the market demonstrated stabilizing trends with a compound annual growth rate (CAGR) of -0.11%, indicating a minimal decrease in market size over this period.
Future trends to watch for include advancements in electric vehicle technology, regulatory changes favoring eco-friendly vehicles, and potential growth in demand for innovative transmission systems as the automotive industry pivots towards sustainability and efficiency.
How does Israel rank in Motor Vehicle Transmissions Market Size Value?
| # | 26 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 72,472,000,000 | 2023 | +3.41% | +0.32% | View data |
| 2 | 2 France | 14,320,000,000 | 2023 | +2.01% | +1.58% | View data |
| 3 | 3 United Kingdom | 11,349,000,000 | 2023 | -0.23% | -0.067% | View data |
| 4 | 4 Spain | 4,801,300,000 | 2023 | -12.5% | -9.54% | View data |
| 5 | 5 South Korea | 4,552,900,000 | 2023 | +4.04% | +3.09% | View data |
| 11 | 11 Switzerland | 113,070,000 | 2023 | +0.21% | +1.23% | View data |
| 12 | 12 Norway | 107,740,000 | 2023 | +2.54% | +0.58% | View data |
| 13 | 13 Israel | 68,711,000 | 2023 | +2.75% | -0.11% | |
| 14 | 14 Ecuador | 67,133,000 | 2023 | +2.21% | +2.15% | View data |
| 15 | 15 New Zealand | 66,985,000 | 2023 | +0.25% | -0.64% | View data |
