From 2013 to 2023, the motor vehicle clutches and parts market in Indonesia showed fluctuations with the value reaching 659.04 million USD in 2023. After initial declines from 2013 to 2015, the market regained its pace, marking significant growth in 2016 and peaking in 2018. A downturn in 2019 and further decline in 2020 due to external factors was followed by recovery, leading to moderate increases into 2023 with a year-on-year growth of 1.96% and a five-year CAGR of 0.41%.
Future trends to watch for:
- Potential impact of electric vehicles, possibly reducing the demand for traditional clutch systems.
- Technological advances in automotive components aiming at durability and efficiency.
- Global supply chain changes post-pandemic influencing production costs and availability.
How does Indonesia rank in Motor Vehicles Clutches and Motor Vehicle Clutches Parts Market Size Value?
| # | 56 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 14,279,000,000 | 2023 | +1.67% | +1.46% | View data |
| 2 | 2 China | 6,050,400,000 | 2023 | +2.89% | +2% | View data |
| 3 | 3 Germany | 4,636,400,000 | 2023 | +1.94% | +1.85% | View data |
| 4 | 4 Japan | 3,361,100,000 | 2023 | -1.36% | -0.94% | View data |
| 5 | 5 France | 2,358,600,000 | 2023 | +0.74% | +0.82% | View data |
| 7 | 7 Canada | 1,479,000,000 | 2023 | +1.88% | +2.09% | View data |
| 8 | 8 Spain | 900,850,000 | 2023 | +0.59% | -0.59% | View data |
| 9 | 9 Indonesia | 659,040,000 | 2023 | +1.96% | +0.41% | |
| 10 | 10 South Korea | 449,010,000 | 2023 | +6.32% | +1.81% | View data |
| 11 | 11 Argentina | 360,100,000 | 2023 | -2.2% | -2.29% | View data |
