The Motor Vehicles Shock Absorbers Market Size Value Per Capita in New Zealand increased slightly in 2023, reaching $21.64. Over the last two years, there's been a stable upward trend with a year-on-year increase of 0.65% from 2022 to 2023. Notably, since 2018, the market has experienced a consistent growth trajectory with a compound annual growth rate (CAGR) of 1.60% over the last five years, showcasing resilience despite some fluctuations in earlier years.
Future trends to watch for include:
- Technological advancements in shock absorbers, potentially boosting market value.
- Increased adoption of electric vehicles that may necessitate different shock absorber specifications.
- Focus on sustainability and eco-friendly materials impacting manufacturing and costs.
| # | 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 | ||
| 10 | 10 Portugal | 26 | 2023 | View data | ||
| 11 | 11 Lithuania | 25.92 | 2023 | View data | ||
| 12 | 12 New Zealand | 21.64 | 2023 | |||
| 13 | 13 Norway | 21.35 | 2023 | View data | ||
| 14 | 14 Barbados | 14.1 | 2023 | View data | ||
