The motor vehicle radiators market size in New Zealand fluctuated from 2013 to 2023, with a value of 32.864 million USD in 2023. The market saw declines in several years due to various economic factors, particularly a significant drop in 2020. Despite a recovery in 2021 and 2022, the market slightly decreased in 2023 by 0.97% year-on-year. Over the last five years, the market experienced an average annual decrease, reflected by a CAGR of -1.23%.
Future trends to watch for include:
- The impact of electric vehicle adoption on radiator demand.
- Technological advancements in radiator designs and materials.
- Potential economic recovery and shifts in consumer preferences post-2023.
How does New Zealand rank in Motor Vehicle Radiators Market Size Value?
| # | 38 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 8,674,700,000 | 2023 | +1.1% | +0.96% | View data |
| 2 | 2 Japan | 1,141,800,000 | 2023 | -0.019% | -1.15% | View data |
| 3 | 3 Spain | 1,094,800,000 | 2023 | +1.42% | +1.12% | View data |
| 4 | 4 Italy | 1,007,900,000 | 2023 | +1.63% | +1.73% | View data |
| 5 | 5 France | 936,010,000 | 2023 | -0.42% | -1.07% | View data |
| 20 | 20 Israel | 45,029,000 | 2023 | +3.22% | +0.76% | View data |
| 21 | 21 Greece | 34,518,000 | 2023 | +3.84% | +1.59% | View data |
| 22 | 22 New Zealand | 32,864,000 | 2023 | -0.97% | -1.23% | |
| 23 | 23 Norway | 27,460,000 | 2023 | -0.32% | -0.26% | View data |
| 24 | 24 Guatemala | 25,459,000 | 2023 | +6.41% | +5.69% | View data |
