The Motor Vehicles Parts and Accessories Market in China has shown consistent growth over the past decade, with a steady increase in per capita value from 2013 to 2023, reaching $161.05 in 2023. While growth decelerated in 2019 and 2020, the market rebounded in the following years.
Key variations to note:
- 2022 to 2023 saw a year-on-year increase of approximately 0.91%.
- The last five years reflected a Compound Annual Growth Rate (CAGR) of around 2.23%.
Looking forward, the market will likely be influenced by trends such as technological advancements in vehicle parts, increasing electric vehicle adoption, and changing consumer preferences. Keeping an eye on domestic production and international trade policies could further highlight market shifts.
How does China rank in Motor Vehicles Parts and Accessories Market Size Value Per Capita?
| # | 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 | ||
| 21 | 21 Chile | 198.33 | 2023 | View data | ||
| 22 | 22 Thailand | 183.67 | 2023 | View data | ||
| 23 | 23 China | 161.05 | 2023 | |||
| 24 | 24 Croatia | 159.46 | 2023 | View data | ||
| 25 | 25 Greece | 155.4 | 2023 | View data | ||
