The Motor Vehicles Parts and Accessories Market in Iceland reached a size of USD 167.23 million in 2023. The market showed a consistent growth trend from 2013 to 2023, with a compound annual growth rate (CAGR) of 1.76% over the last five years. The year-on-year variation of 6.26% from 2022 to 2023 highlights a steady recovery following declines in 2019 and 2020.
Future trends to watch include:
- Potential market stabilization as the economy adapts post-pandemic
- Increasing demand for sustainable and environmentally friendly vehicle components
- Advancements in technological integration, such as smart parts and AI-enabled accessories
| # | 45 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 235,410,000,000 | 2023 | +4.39% | +0.72% | View data |
| 2 | 2 Germany | 156,470,000,000 | 2023 | +1.79% | +1.62% | View data |
| 3 | 3 Japan | 115,890,000,000 | 2023 | -1.84% | -2.75% | View data |
| 4 | 4 France | 74,756,000,000 | 2023 | +0.83% | -0.36% | View data |
| 5 | 5 United Kingdom | 66,161,000,000 | 2023 | +0.35% | -0.9% | View data |
| 37 | 37 Honduras | 231,510,000 | 2023 | +3.19% | +2.56% | View data |
| 38 | 38 Botswana | 190,790,000 | 2023 | -1.32% | -4.07% | View data |
| 39 | 39 Iceland | 167,230,000 | 2023 | +6.26% | +1.76% | |
| 40 | 40 Kyrgyzstan | 149,620,000 | 2023 | +2.22% | +3.76% | View data |
| 41 | 41 Jamaica | 101,940,000 | 2023 | +0.71% | +0.84% | View data |
