The Motor Vehicle Wheels and Parts market in New Zealand saw a value of 130.12 million USD in 2023. Over the past decade, the market displayed fluctuating trends, peaking in 2017 before encountering a decline and subsequent recovery. The compound annual growth rate (CAGR) over the last five years hovered around 0.45%, highlighting a sluggish but positive growth pattern, with a notable recovery post-2020 downturn. Recent years show a rekindled interest and growth, albeit at slower rates.
Future trends to watch for include increasing adoption of advanced wheel technologies, growth in electric vehicles requiring specialized parts, and potential market expansion influenced by global supply chain shifts and environmental regulations.
How does New Zealand rank in Motor Vehicle Wheels (And Including Parts) Market Size Value?
| # | 36 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 39,551,000,000 | 2023 | +2.38% | +2.35% | View data |
| 2 | 2 China | 19,307,000,000 | 2023 | +3.7% | +3.76% | View data |
| 3 | 3 Germany | 8,397,200,000 | 2023 | +1.11% | +1.25% | View data |
| 4 | 4 Japan | 7,915,500,000 | 2023 | -0.11% | -1.47% | View data |
| 5 | 5 United Kingdom | 3,316,600,000 | 2023 | +0.57% | +0.48% | View data |
| 24 | 24 Denmark | 184,490,000 | 2023 | -1.47% | -1.02% | View data |
| 25 | 25 South Africa | 173,240,000 | 2023 | -2.76% | -1.81% | View data |
| 26 | 26 New Zealand | 130,120,000 | 2023 | +1.69% | +0.45% | |
| 27 | 27 Ecuador | 123,300,000 | 2023 | +0.36% | +0.19% | View data |
| 28 | 28 Peru | 97,325,000 | 2023 | +0.57% | -0.65% | View data |
