From 2013 to 2023, the per capita market size value of motor vehicle clutches and parts in Kenya has shown a steady increase, rising from $0.53 to $0.96 in 2023. This growth was marked by fluctuations, notably a decrease in 2019 and 2020. However, 2021 saw a resurgence, continuing upward through 2023. The year-on-year variation for the past two years indicates a stable growth, particularly from 2022 to 2023. The compound annual growth rate (CAGR) over the past five years signals a positive average annual growth, offering an encouraging view of market expansion.
Future trends to watch for:
- Continuation of technological advancements driving demand.
- Potential impacts of economic shifts and regulatory changes in Kenya.
- Increasing vehicle deployment in developing regions influencing the market.
- Potential for further market expansion with improved infrastructural developments.
| # | 50 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 55.71 | 2023 | View data | ||
| 2 | 2 Canada | 38.72 | 2023 | View data | ||
| 3 | 3 France | 34.83 | 2023 | View data | ||
| 4 | 4 Japan | 26.72 | 2023 | View data | ||
| 5 | 5 United Kingdom | 26.46 | 2023 | View data | ||
| 43 | 43 Jamaica | 1.85 | 2023 | View data | ||
| 44 | 44 Lebanon | 1.81 | 2023 | View data | ||
| 45 | 45 Kenya | 0.96 | 2023 | |||
| 46 | 46 Jordan | 0.78 | 2023 | View data | ||
| 47 | 47 Botswana | 0.5 | 2023 | View data | ||
