The market size for motor vehicle mufflers and exhaust pipes in Indonesia exhibited a mixed trend over the past decade, starting strong in 2013, then facing a downturn until 2015. A recovery began in 2016, peaking in 2017. However, the market declined steadily following a hit in 2020 due to global disruptions. The recent years showed recovery with values reaching $178.24 million in 2023, though at a modest year-on-year growth rate of just 0.079%. The market has experienced a negative compound annual growth rate (CAGR) of -0.32% over the past five years.
Future trends to watch include:
- Technological advancements in emission control systems.
- Increased environmental regulations prompting demand for advanced exhaust systems.
- Potential rise in electric vehicles impacting the market demand.
| # | 24 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 9,767,200,000 | 2023 | +0.88% | +0.46% | View data |
| 2 | 2 Germany | 3,845,300,000 | 2023 | +1.67% | +0.67% | View data |
| 3 | 3 United Kingdom | 2,206,600,000 | 2023 | +2.24% | +1.99% | View data |
| 4 | 4 France | 2,136,500,000 | 2023 | +1.3% | +1.66% | View data |
| 5 | 5 Japan | 1,437,100,000 | 2023 | -1.49% | -1.87% | View data |
| 8 | 8 Belgium | 393,360,000 | 2023 | -0.2% | -0.6% | View data |
| 9 | 9 Australia | 276,500,000 | 2023 | +0.53% | -0.19% | View data |
| 10 | 10 Indonesia | 178,240,000 | 2023 | +0.079% | -0.32% | |
| 11 | 11 Denmark | 94,706,000 | 2023 | -13.35% | -11.8% | View data |
| 12 | 12 Switzerland | 57,895,000 | 2023 | -1.92% | -1.45% | View data |
