The market size value per capita for motor vehicle drive axles in Thailand experienced a significant upward trend from 2012 to 2018, peaking at 17.86 USD per capita. However, it then saw a decline in 2019 and 2020, attributed to market fluctuations and economic factors related to the global slowdown and pandemic. A recovery started in 2021, with values rising again to 16.44 in 2021 and 17.73 in 2022.
Key variations and trends:
- Year-on-year variation showed an increase of 9.86% from 2021 to 2022.
- However, the market had a setback in 2020 with a drop of 10.64% compared to 2019.
- The Compound Annual Growth Rate (CAGR) over the last five years (2017-2022) was 0.94%.
Future trends to watch for include advancements in electric vehicle technology, increased demand for fuel-efficient solutions, and strengthening supply chains. Monitoring regulatory changes and economic recovery in post-pandemic markets will be crucial for understanding market dynamics moving forward.
| # | 25 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 112.08 | 2023 | View data | ||
| 2 | 2 Germany | 106.12 | 2023 | View data | ||
| 3 | 3 Spain | 55.7 | 2023 | View data | ||
| 4 | 4 Japan | 51.4 | 2023 | View data | ||
| 5 | 5 France | 48.02 | 2023 | View data | ||
| 6 | 6 Italy | 39.29 | 2023 | View data | ||
| 7 | 7 South Korea | 19 | 2023 | View data | ||
| 8 | 8 Thailand | 18.15 | 2023 | |||
| 9 | 9 Norway | 16.81 | 2023 | View data | ||
| 10 | 10 Malaysia | 14.93 | 2023 | View data | ||
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