The brake system parts market value per capita in Austria saw fluctuations from 2013 to 2023. The market hit a peak in 2013 at $87.56 per capita, gradually declining to its lowest in 2015 at $64.86. Notable recovery began in 2018, reaching $75.41, with the value per capita closing at $71.01 in 2023.
Significant year-on-year variation occurred between 2019 and 2020 with a decrease of approximately 10.7%. In contrast, growth resumed by 2023, marking around a 2% increase from 2022. The market experienced a compound annual growth rate (CAGR) of roughly 1.3% over the past five years.
Future trends to watch for:
- Technological advancements in brake systems may drive up demand.
- Environmental regulations could influence product development and supply chains.
- Economic conditions and consumer spending will likely impact market expansion.
| # | 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 | |||
| 6 | 6 Spain | 64.93 | 2023 | View data | ||
| 7 | 7 Lithuania | 63.34 | 2023 | View data | ||
