Between 2013 and 2023, Bosnia and Herzegovina's motor vehicle safety seat belts market value per capita increased from $0.064 to $0.078. Notable fluctuations occurred, including a dip in 2017 followed by a significant recovery in 2018. By 2023, the market stabilized at $0.078 per capita. Over the last two years, the market demonstrated nominal stability, maintaining a consistent value. However, the compounded annual growth rate (CAGR) over the past five years (2018-2023) reflects modest growth.
Future trends to watch for:
- Emerging technology and regulations that may impact market dynamics.
- Potential economic shifts affecting consumer behavior and spending on safety features.
- Innovations in seat belt technology and design likely to influence market growth.
| # | 14 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 7.48 | 2023 | View data | ||
| 2 | 2 Belgium | 6.28 | 2023 | View data | ||
| 3 | 3 New Zealand | 2.22 | 2023 | View data | ||
| 4 | 4 Brazil | 1.74 | 2023 | View data | ||
| 5 | 5 China | 1.13 | 2023 | View data | ||
| 12 | 12 Cyprus | 0.18 | 2023 | View data | ||
| 13 | 13 Peru | 0.17 | 2023 | View data | ||
| 14 | 14 Bosnia and Herzegovina | 0.078 | 2023 | |||
