The motor vehicle bumpers and bumper parts market in Mauritius has demonstrated a growth trajectory from 2013 to 2023, with the market size reaching 4.9986 million USD in 2023. Despite some fluctuations, particularly a notable decline in 2020, the market has recovered and maintained a positive growth trend. The most recent two years show a year-on-year growth of 8.65% in 2022 and 3.05% in 2023. Over the last five years, the compound annual growth rate stands at 3.89%, indicating steady, albeit moderate, market expansion.
Future trends to watch for include:
- Technological advancements in bumper materials aiming for increased safety and sustainability.
- Potential impacts of regulatory changes on import and manufacturing processes.
- An increase in local vehicle manufacturing, potentially boosting demand for parts.
- Growing consumer demand for electric vehicles may shift product needs.
How does Mauritius rank in Motor Vehicle Bumpers and Motor Vehicle Bumper Parts Market Size Value?
| # | 42 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 13,241,000,000 | 2023 | +2.56% | +2.64% | View data |
| 2 | 2 Germany | 2,695,300,000 | 2023 | +3.08% | +1.31% | View data |
| 3 | 3 Canada | 1,901,000,000 | 2023 | +2.5% | +2.3% | View data |
| 4 | 4 United Kingdom | 1,734,800,000 | 2023 | +1.26% | +1.3% | View data |
| 5 | 5 Japan | 1,606,100,000 | 2023 | -0.56% | -1.16% | View data |
| 38 | 38 Lebanon | 7,594,000 | 2023 | +2.74% | +3.51% | View data |
| 39 | 39 Bosnia and Herzegovina | 6,766,900 | 2023 | +1.85% | +1.45% | View data |
| 40 | 40 Mauritius | 4,998,600 | 2023 | +3.05% | +3.89% | |
| 41 | 41 Barbados | 2,304,000 | 2023 | +2.54% | +1.47% | View data |
| 42 | 42 Botswana | 1,843,200 | 2023 | -6.94% | -7.4% | View data |
