The motor vehicles shock absorbers market in Mauritius reached a value of 5.5963 million USD in 2023. Over the past decade, the market experienced fluctuations, with notable growth spurts and contractions. A significant recovery is observed post-2015, culminating in a sustained growth pattern from 2019 onwards. In the last two years, year-on-year growth registered positive gains at approximately 2.84% and 2.73%. The compound annual growth rate (CAGR) over the past five years stood at 2.26%, highlighting modest growth.
Future trends to watch for include:
- Technological advancements in shock absorber design, which could influence market dynamics.
- Potential shifts in import regulations or local assembly capabilities within Mauritius.
- The possible impact of electric vehicle adoption and its influence on traditional shock absorber demand.
How does Mauritius rank in Motor Vehicles Shock Absorbers Market Size Value?
| # | 48 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 14,221,000,000 | 2023 | +5.37% | +4.39% | View data |
| 2 | 2 Japan | 4,538,300,000 | 2023 | -1.11% | -2.2% | View data |
| 3 | 3 United Kingdom | 3,549,200,000 | 2023 | +0.56% | -0.4% | View data |
| 4 | 4 France | 2,534,200,000 | 2023 | +1.13% | +0.88% | View data |
| 5 | 5 Brazil | 2,378,100,000 | 2023 | -0.94% | -1.47% | View data |
| 40 | 40 Armenia | 8,001,500 | 2023 | +2.28% | +1.7% | View data |
| 41 | 41 Cyprus | 6,603,000 | 2023 | +0.51% | +0.11% | View data |
| 42 | 42 Mauritius | 5,596,300 | 2023 | +2.73% | +2.26% | |
| 43 | 43 Luxembourg | 5,466,900 | 2023 | +0.77% | +0.78% | View data |
| 44 | 44 Iceland | 4,503,400 | 2023 | -7.75% | -6.89% | View data |
