The Motor Vehicles Shock Absorbers market in Portugal experienced notable fluctuations between 2013 and 2023. As of 2023, the value stands at 26 USD per capita. Analyzing the year-on-year variations, the market witnessed a 0.62% growth from 2022 to 2023, and a 0.78% growth from 2021 to 2022. The compound annual growth rate (CAGR) over the last five years is 0.55%, indicating a subtle upward trend post-2018 recovery.
Looking ahead, the market is expected to be influenced by technological advancements, rising demand for electric vehicles, and improved vehicle safety standards. Watch for innovations in shock absorber materials and designs that enhance performance and sustainability.
| # | 42 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 52.47 | 2023 | View data | ||
| 2 | 2 Belgium | 47.1 | 2023 | View data | ||
| 3 | 3 Spain | 40.62 | 2023 | View data | ||
| 4 | 4 France | 37.44 | 2023 | View data | ||
| 5 | 5 Japan | 36.07 | 2023 | View data | ||
| 8 | 8 Italy | 27.84 | 2023 | View data | ||
| 9 | 9 Estonia | 26.52 | 2023 | View data | ||
| 10 | 10 Portugal | 26 | 2023 | |||
| 11 | 11 Lithuania | 25.92 | 2023 | View data | ||
| 12 | 12 New Zealand | 21.64 | 2023 | View data | ||
