The motor vehicle transmissions market size value per capita in Uruguay has shown a decreasing trend from 2013, when it was valued at $4.16, reaching $3.48 in 2023. The market experienced fluctuations, with a notable drop between 2015 and 2020, as well as a mild recovery in the 2021-2023 period. The last two years saw slight year-on-year increases: 2.39% in 2022 and 1.46% in 2023. Over the last five years, the compound annual growth rate (CAGR) averaged a decline at around 1.34%, reflecting general downward pressures in the market.
Looking forward, future trends to watch include advancements in electric and hybrid vehicle technology, potentially influencing transmission technology preferences and market dynamics. Additionally, economic and regulatory developments in Uruguay could significantly impact the demand and growth trajectory for motor vehicle transmissions.
| # | 24 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 France | 211.88 | 2023 | View data | ||
| 2 | 2 United Kingdom | 167.95 | 2023 | View data | ||
| 3 | 3 Belgium | 136.67 | 2023 | View data | ||
| 4 | 4 Spain | 114.61 | 2023 | View data | ||
| 5 | 5 South Korea | 83.57 | 2023 | View data | ||
| 16 | 16 Barbados | 3.74 | 2023 | View data | ||
| 17 | 17 South Africa | 3.57 | 2023 | View data | ||
| 18 | 18 Uruguay | 3.48 | 2023 | |||
| 19 | 19 Costa Rica | 2.66 | 2023 | View data | ||
| 20 | 20 Paraguay | 2.51 | 2023 | View data | ||
