Over the period from 2013 to 2023, the per capita market value of motor vehicle clutches and parts in Norway has shown fluctuations, peaking in 2013 at $12.86 and gradually declining to $9.52 in 2023. The most significant decline occurred between 2013 and 2015, followed by relatively stable values with slight variations. The recent two years saw a contraction in 2023 following a recovery in 2021 and 2022. The five-year compound annual growth rate (CAGR) reflects a mild decrease, indicating a slow downward trend over recent years.
Future trends to observe include:
- Technological advancements in automotive transmissions affecting clutch demand.
- Shifts towards electric vehicles that may further reduce clutch demand.
- Policy changes and environmental regulations impacting market dynamics.
- Potential recovery due to replacement cycles as the automotive fleet ages.
| # | 50 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 55.71 | 2023 | View data | ||
| 2 | 2 Canada | 38.72 | 2023 | View data | ||
| 3 | 3 France | 34.83 | 2023 | View data | ||
| 4 | 4 Japan | 26.72 | 2023 | View data | ||
| 5 | 5 United Kingdom | 26.46 | 2023 | View data | ||
| 15 | 15 Estonia | 10.14 | 2023 | View data | ||
| 16 | 16 Ecuador | 9.62 | 2023 | View data | ||
| 17 | 17 Norway | 9.52 | 2023 | |||
| 18 | 18 Uruguay | 8.89 | 2023 | View data | ||
| 19 | 19 Montenegro | 8.43 | 2023 | View data | ||
