Between 2013 and 2023, the market size value per capita for motor vehicle mufflers and exhaust pipes in Belgium exhibited a generally declining trend. In 2023, the value stood at $34.09 USD per capita. Specifically, the market saw an uptick beginning in 2018, after a continuous decline from 2013, with 2021 marking a recovery year post-2020's dip. Year-on-year from 2022 to 2023, there was a marginal decline of 0.41%, while the Compound Annual Growth Rate (CAGR) from 2018 to 2023 was a slight increase, indicating a gradual recovery phase.
Future trends to watch for include the impact of transitioning to electric vehicles on demand for traditional mufflers and exhaust systems and increased regulatory standards regarding emissions, which may affect market dynamics.
How does Belgium rank in Motor Vehicle Mufflers and Motor Vehicles Exhaust Pipes Market Size Value Per Capita?
| # | 21 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 46.11 | 2023 | View data | ||
| 2 | 2 Belgium | 34.09 | 2023 | |||
| 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 | ||
