The Motor Vehicles Parts and Accessories Market in Estonia has demonstrated consistent growth, with the value per capita increasing from $202.32 in 2013 to $305.77 in 2023. Year-on-year growth from 2022 to 2023 was approximately 2.4%, and from 2021 to 2022 around 2.5%. Over the last five years (2019-2023), the compound annual growth rate (CAGR) is about 1.7%, indicating a steady rise.
Future trends to watch for:
- Increased demand for electric vehicle parts driven by a transition to sustainable transportation.
- Technological advancements in vehicle components, potentially boosting market value.
- Economic fluctuations or regulatory changes could impact future market growth.
| # | 45 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,880 | 2023 | View data | ||
| 2 | 2 Austria | 1,590 | 2023 | View data | ||
| 3 | 3 Spain | 1,360 | 2023 | View data | ||
| 4 | 4 Belgium | 1,280 | 2023 | View data | ||
| 5 | 5 France | 1,100 | 2023 | View data | ||
| 16 | 16 Switzerland | 329.71 | 2023 | View data | ||
| 17 | 17 New Zealand | 312.1 | 2023 | View data | ||
| 18 | 18 Estonia | 305.77 | 2023 | |||
| 19 | 19 Bahrain | 210 | 2023 | View data | ||
| 20 | 20 Malaysia | 201.56 | 2023 | View data | ||
