The Brake System Parts market in India, excluding motor vehicle linings, has seen significant fluctuations in value per capita from 2013 to 2023. In 2023, the value per capita stood at $1.49. The market witnessed a surge from 2013 to 2019, then a dip in 2020, likely due to global disruptions, before rebounding and increasing steadily through 2023. The year-on-year increase from 2021 to 2023 averages around 6.29%. Over a five-year period, the CAGR stands at roughly 3.25%, signifying moderate growth.
Looking forward, the market could benefit from demand in emerging technology and increased safety regulations. The advancement of electric vehicles and smart braking systems might also influence future trajectories, possibly accelerating growth.
| # | 41 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 100.22 | 2023 | View data | ||
| 2 | 2 Italy | 97.4 | 2023 | View data | ||
| 3 | 3 United Kingdom | 86.39 | 2023 | View data | ||
| 4 | 4 France | 85.05 | 2023 | View data | ||
| 5 | 5 Austria | 71.01 | 2023 | View data | ||
| 38 | 38 Jordan | 3.89 | 2023 | View data | ||
| 39 | 39 Egypt | 1.99 | 2023 | View data | ||
| 40 | 40 India | 1.49 | 2023 | |||
| 41 | 41 Sri Lanka | 1.24 | 2023 | View data | ||
