From 2013 to 2023, the per capita market size of motor vehicle transmissions in Israel saw a gradual decline from $8.96 to $6.41. The largest decline occurred between 2014 and 2022, with a 34% decrease. In 2023, the market stood at $6.41 per capita, representing a decrease of 1.9% from 2022 and a 2% decrease from 2021. Over the past five years (2018-2023), the compound annual growth rate (CAGR) reflects an average annual decline of approximately 2.94%.
Future trends to watch for include:
- Technological advancements that could alter transmission systems and impact market values.
- The potential effect of electric vehicle adoption on transmission market dynamics as EVs typically use different propulsion mechanisms.
- Economic and regulatory changes in Israel that could influence the automotive industry and market demands.
| # | 24 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 France | 211.88 | 2023 | View data | ||
| 2 | 2 United Kingdom | 167.95 | 2023 | View data | ||
| 3 | 3 Belgium | 136.67 | 2023 | View data | ||
| 4 | 4 Spain | 114.61 | 2023 | View data | ||
| 5 | 5 South Korea | 83.57 | 2023 | View data | ||
| 12 | 12 Australia | 10.68 | 2023 | View data | ||
| 13 | 13 Denmark | 6.82 | 2023 | View data | ||
| 14 | 14 Israel | 6.41 | 2023 | |||
| 15 | 15 Ecuador | 3.84 | 2023 | View data | ||
| 16 | 16 Barbados | 3.74 | 2023 | View data | ||
