The Australian motor vehicle transmissions market value per capita has experienced a consistent decline from 2013 to 2023, decreasing from $73.16 to $10.68. Observing the last two years, there was a notable drop of 39.3% from 2021 to 2022 and 35.3% from 2022 to 2023. The Compound Annual Growth Rate (CAGR) over the last five years is -12.9%, highlighting a significant downward trend.
Future trends to watch for include the potential impact of electric vehicle adoption, which may further reduce demand for traditional transmissions. Additionally, technological advancements and environmental policies could alter market dynamics, influencing future market value per capita.
| # | 24 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 France | 211.88 | 2023 | View data | ||
| 2 | 2 United Kingdom | 167.95 | 2023 | View data | ||
| 3 | 3 Belgium | 136.67 | 2023 | View data | ||
| 4 | 4 Spain | 114.61 | 2023 | View data | ||
| 5 | 5 South Korea | 83.57 | 2023 | View data | ||
| 10 | 10 New Zealand | 13.04 | 2023 | View data | ||
| 11 | 11 Switzerland | 12.92 | 2023 | View data | ||
| 12 | 12 Australia | 10.68 | 2023 | |||
| 13 | 13 Denmark | 6.82 | 2023 | View data | ||
| 14 | 14 Israel | 6.41 | 2023 | View data | ||
