The Motor Vehicles Parts and Accessories Market in Belgium exhibited fluctuations in value per capita from 2013 through 2023. From 2013 to 2015, the market saw a significant decline, but stabilized from 2016 to 2018 before demonstrating modest growth up to 2020. Recent years, however, show slight decreases, with 2023 at 1.28 thousand USD per capita, a minor drop from 2022. Year-on-year variation from 2022 to 2023 was a decrease of approximately 0.78%, while the previous year showed a decrease of around 0.77%. The CAGR over the last five years (2019-2023) stands at around 0.14% decrease per year.
Future trends to watch for include the impact of innovations in electric vehicle components and increasing environmental regulations, which may drive further changes in market dynamics and potentially spur growth in specialized parts segments.
How does Belgium 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 | |||
| 5 | 5 France | 1,100 | 2023 | View data | ||
| 6 | 6 United Kingdom | 976.56 | 2023 | View data | ||
