The Motor Vehicles Parts and Accessories Market in Australia has experienced a decline over the past decade. From a high of $14.237 billion in 2012, the market saw consistent year-on-year decreases, reaching a low of $9.6948 billion in 2021. There were brief increases in 2017 and a slight recovery in 2022, bringing the market's value to $10.032 billion. The average yearly decline (CAGR) over the past five years is -3.42%, indicating overall market contraction.
Future trends to watch for include:
- The potential impact of new automotive technologies (e.g., electric vehicles, autonomous driving).
- Changes in consumer behavior towards sustainability.
- Government regulations and their influence on market dynamics.
- Economic recovery post-pandemic and its effect on market demand.
How does Australia rank in Motor Vehicles Parts and Accessories Market Size Value?
| # | 45 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 235,410,000,000 | 2023 | +4.39% | +0.72% | View data |
| 2 | 2 Germany | 156,470,000,000 | 2023 | +1.79% | +1.62% | View data |
| 3 | 3 Japan | 115,890,000,000 | 2023 | -1.84% | -2.75% | View data |
| 4 | 4 France | 74,756,000,000 | 2023 | +0.83% | -0.36% | View data |
| 5 | 5 United Kingdom | 66,161,000,000 | 2023 | +0.35% | -0.9% | View data |
| 11 | 11 Austria | 14,396,000,000 | 2023 | +1.92% | +1.39% | View data |
| 12 | 12 Thailand | 12,906,000,000 | 2023 | -1.75% | -3.22% | View data |
| 13 | 13 Australia | 10,214,000,000 | 2023 | -2.28% | -1.96% | |
| 14 | 14 South Africa | 6,985,600,000 | 2023 | +1.33% | +1.84% | View data |
| 15 | 15 Malaysia | 6,547,000,000 | 2023 | +1.63% | +1.96% | View data |
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