The motor vehicle bumpers and parts market in Kenya reached a value of approximately $11.87 million in 2023, exhibiting a steady growth trend. Notably, this sector experienced significant volatility over the past decade, with key fluctuations such as a notable decline in 2020 followed by a rebound in subsequent years. The year-on-year growth was modest at 2.39% for 2023. Over the last five years, the compound annual growth rate (CAGR) was 3.21%, demonstrating a moderate upward trajectory.
Future trends to watch for:
- Increased demand driven by local automotive assembly and importation activities.
- Environmental regulations may push towards more sustainable and recyclable materials for bumper production.
- Technological advancements could lead to smart bumpers with enhanced safety features.
How does Kenya 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 |
| 33 | 33 Tunisia | 23,052,000 | 2023 | +2.48% | +3.24% | View data |
| 34 | 34 Estonia | 18,816,000 | 2023 | +2.8% | +2.91% | View data |
| 35 | 35 Kenya | 11,872,000 | 2023 | +2.39% | +3.21% | |
| 36 | 36 Honduras | 10,184,000 | 2023 | +2.12% | +0.28% | View data |
| 37 | 37 Iceland | 8,502,500 | 2023 | +6.27% | +5.61% | View data |
