The Australian market for motor vehicle mufflers and exhaust pipes has seen fluctuations in per capita value from 2013 to 2023. The market was at $10.48 per capita in 2023, indicating a downward trend since 2018. The most recent two-year period reflected a slight downturn with marginal year-on-year negative growth. Over the last five years, the compound annual growth rate (CAGR) showed a slow decline, indicating a gradual decrease in per capita expenditure on these components.
For future trends, watch for technological advancements in exhaust systems aimed at emission reduction and efficiency enhancement, potentially stabilizing or increasing market value. Additionally, shifts towards electric vehicles might impact this market, with exhaust components gradually becoming less relevant with increased EV adoption.
| # | 21 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 46.11 | 2023 | View data | ||
| 2 | 2 Belgium | 34.09 | 2023 | View data | ||
| 3 | 3 United Kingdom | 32.77 | 2023 | View data | ||
| 4 | 4 France | 31.56 | 2023 | View data | ||
| 5 | 5 Denmark | 17.72 | 2023 | View data | ||
| 7 | 7 Italy | 13.73 | 2023 | View data | ||
| 8 | 8 Japan | 11.43 | 2023 | View data | ||
| 9 | 9 Australia | 10.48 | 2023 | |||
| 10 | 10 Iceland | 8.49 | 2023 | View data | ||
| 11 | 11 Switzerland | 6.52 | 2023 | View data | ||
