The market for motor vehicle bumpers and bumper parts in Portugal fluctuated over the last decade. It peaked in 2014 at $173.15 million, followed by a significant drop in 2015. A moderate recovery occurred by 2019, yet values dipped again by 2023 to $150.69 million. Over the past five years, the compound annual growth rate (CAGR) showed a negative trend of -1.18%, reflecting market instability. The year-on-year change in 2022 and 2023 was minor, both at -0.35%.
- An increased focus on renewable materials and circular economy practices may redefine the market.
- Technological advancements such as smart bumpers integrated with sensors are gaining traction.
- Economic factors and external policies may influence the recovery or further decline.
How does Portugal rank in Motor Vehicle Bumpers and Motor Vehicle Bumper Parts Market Size Value?
| # | 42 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 13,241,000,000 | 2023 | +2.56% | +2.64% | View data |
| 2 | 2 Germany | 2,695,300,000 | 2023 | +3.08% | +1.31% | View data |
| 3 | 3 Canada | 1,901,000,000 | 2023 | +2.5% | +2.3% | View data |
| 4 | 4 United Kingdom | 1,734,800,000 | 2023 | +1.26% | +1.3% | View data |
| 5 | 5 Japan | 1,606,100,000 | 2023 | -0.56% | -1.16% | View data |
| 19 | 19 Norway | 163,940,000 | 2023 | -0.083% | -0.058% | View data |
| 20 | 20 Switzerland | 159,930,000 | 2023 | +2.13% | +1.2% | View data |
| 21 | 21 Portugal | 150,690,000 | 2023 | -0.35% | -1.18% | |
| 22 | 22 Greece | 120,560,000 | 2023 | +1.86% | +1.44% | View data |
| 23 | 23 Romania | 97,545,000 | 2023 | +0.0039% | -1.23% | View data |
