Asia-Pacific Automotive Suspension System Market Size, By Sales Channel (2018-2027)
Global Glove Box market [2016-2023] by Middle East and Africa
By Middle East and Africa, the market is segmented into Middle East and Africa, South Africa, Rest of Middle East and Africa, Saudi Arabia, and UAE (2016-2023)
| Label | Middle East and Africa | South Africa | Rest of Middle East and Africa | Saudi Arabia | UAE |
|---|---|---|---|---|---|
| 2016 | 6.9 USD Mn | 1.5 USD Mn | 1.9 USD Mn | 1.1 USD Mn | 2.5 USD Mn |
| 2017 | 7.2 USD Mn | 1.6 USD Mn | 2.0 USD Mn | 1.2 USD Mn | 2.6 USD Mn |
| 2018 | 7.5 USD Mn | 1.6 USD Mn | 2.1 USD Mn | 1.2 USD Mn | 2.7 USD Mn |
| 2019 | 7.8 USD Mn | 1.7 USD Mn | 2.1 USD Mn | 1.3 USD Mn | 2.7 USD Mn |
| 2020 | 8.2 USD Mn | 1.7 USD Mn | 2.2 USD Mn | 1.3 USD Mn | 2.9 USD Mn |
| 2021 | 8.5 USD Mn | 1.8 USD Mn | 2.4 USD Mn | 1.4 USD Mn | 3.0 USD Mn |
| 2022 | 9.0 USD Mn | 1.9 USD Mn | 2.5 USD Mn | 1.5 USD Mn | 3.1 USD Mn |
| 2023 | 9.4 USD Mn | 2.0 USD Mn | 2.6 USD Mn | 1.5 USD Mn | 3.2 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
UAE accounted for the largest market share in 2017 in the Middle East and Africa glove box market, and is expected to reach USD 3.20 Million in 2023 from USD 2.60 Million in 2017. However, South Africa is the fastest growing market, which is expected to grow at a CAGR of 4.56% during the forecast period 2018 - 2023. pharmaceutical and biotechnology segment accounted for the largest market share in 2017, this market is expected to reach USD 3.13 Million in 2023 from USD 2.49 Million in 2017. This market is projected to grow at a CAGR of 4.02% during the forecast period from 2018 - 2023. However, end use others segment is the fastest growing market, which is expected to grow at a CAGR of 5.32% during the forecast period 2018 - 2023. stainless steel segment accounted for the largest market share in 2017, this market is expected to reach USD 4.65 Million in 2023 from USD 3.74 Million in 2017. This market is projected to grow at a CAGR of 3.79% during the forecast period from 2018 - 2023. However, plastic segment is the fastest growing market, which is expected to grow at a CAGR of 5.52% during the forecast period 2018 - 2023.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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