The market size for motor vehicle bumpers and bumper parts in New Zealand has demonstrated substantial growth from 2013 to 2023, with the value reaching 86.249 million USD. After initial consistent growth, notably a 24.68% increase in 2016, the market experienced a decline in 2019 and 2020. However, it recovered through 2021 onwards, reaching a modest 2.87% growth in 2023. The CAGR over the last five years is 2.22%, indicating a slow but positive trend.
Future trends to watch for include:
- Technological advancements in bumper materials and safety features.
- Potential impacts of regulations targeting vehicle safety and environmental standards.
- Economic factors influencing vehicle sales and, consequently, the demand for bumper parts.
- Potential shifts in consumer preferences towards electric vehicles.
How does New Zealand rank in Motor Vehicle Bumpers and Motor Vehicle Bumper Parts Market Size Value?
| # | 42 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 13,241,000,000 | 2023 | +2.56% | +2.64% | View data |
| 2 | 2 Germany | 2,695,300,000 | 2023 | +3.08% | +1.31% | View data |
| 3 | 3 Canada | 1,901,000,000 | 2023 | +2.5% | +2.3% | View data |
| 4 | 4 United Kingdom | 1,734,800,000 | 2023 | +1.26% | +1.3% | View data |
| 5 | 5 Japan | 1,606,100,000 | 2023 | -0.56% | -1.16% | View data |
| 24 | 24 Egypt | 94,249,000 | 2023 | +0.33% | +0.46% | View data |
| 25 | 25 Israel | 90,051,000 | 2023 | +4.14% | +5.18% | View data |
| 26 | 26 New Zealand | 86,249,000 | 2023 | +2.87% | +2.22% | |
| 27 | 27 Denmark | 78,589,000 | 2023 | +1.08% | -0.21% | View data |
| 28 | 28 Vietnam | 69,124,000 | 2023 | -4.64% | -4.47% | View data |
