The motor vehicle transmissions market in Switzerland exhibited varied trends from 2012 to 2022, where the market showed slight growth from 2012 to 2014, followed by a notable dip from 2015 to 2016. A recovery was observed from 2017 onwards, with significant growth peaking in 2020 at 114.42 million US dollars. However, the market saw a decline in 2021 by 5.56%, but rebounded strongly in 2022 with a growth of 6.29%. The cumulative average growth rate (CAGR) for the last five years (2017-2022) stands at 1.99%.
Future trends to watch for in the market include advancements in transmission technologies, increasing adoption of electric vehicles, and regulatory impacts on fuel efficiency standards. Additionally, global supply chain disruptions and their resolution may also play a key role in shaping the market's trajectory.
How does Switzerland rank in Motor Vehicle Transmissions Market Size Value?
| # | 26 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 72,472,000,000 | 2023 | +3.41% | +0.32% | View data |
| 2 | 2 France | 14,320,000,000 | 2023 | +2.01% | +1.58% | View data |
| 3 | 3 United Kingdom | 11,349,000,000 | 2023 | -0.23% | -0.067% | View data |
| 4 | 4 Spain | 4,801,300,000 | 2023 | -12.5% | -9.54% | View data |
| 5 | 5 South Korea | 4,552,900,000 | 2023 | +4.04% | +3.09% | View data |
| 9 | 9 South Africa | 217,090,000 | 2023 | -0.25% | -1.27% | View data |
| 10 | 10 Egypt | 163,670,000 | 2023 | +0.5% | +1.12% | View data |
| 11 | 11 Switzerland | 113,070,000 | 2023 | +0.21% | +1.23% | |
| 12 | 12 Norway | 107,740,000 | 2023 | +2.54% | +0.58% | View data |
| 13 | 13 Israel | 68,711,000 | 2023 | +2.75% | -0.11% | View data |
