The Work Trucks Parts Market Size Value Per Capita in Australia has experienced varying changes over the period from 2012 to 2022. In 2012, the value was 1.2 USD per capita, and saw a general downward trend until 2017, hitting the lowest at 1 USD. An increase followed in 2018, peaking again in 2019 at 1.19 USD per capita, before a notable dip in 2020 at 0.96 USD. The values rebounded to 1.11 USD in 2021 and 1.18 USD in 2022. Over the last two years (2020-2022), the market saw a positive change in value.
The year-on-year variation for the last two years showed:
- 2021: +15.6%
- 2022: +6.3%
The Compound Annual Growth Rate (CAGR) from 2017 to 2022 is approximately 3.4%, indicating moderate annual growth in the market value per capita over this period.
Looking ahead, the market is expected to evolve with trends such as increased demand for advanced work truck parts, innovations driven by sustainability concerns, and technological advancements. Watching for shifts in regulatory policies and economic conditions can provide further insights into market trajectory in the coming years.
| # | 6 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 1.48 | 2023 | View data | ||
| 2 | 2 Australia | 1.19 | 2023 | |||
| 3 | 3 Belgium | 0.54 | 2023 | View data | ||
| 4 | 4 Germany | 0.49 | 2023 | View data | ||
| 5 | 5 Switzerland | 0.38 | 2023 | View data | ||
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