In 2023, Germany continued to lead steering component production in Europe, accounting for 30.57% of the total market. France and Poland followed, contributing 20.2% and 17.07%, respectively. Significant growth was observed in Romania and Slovakia; both countries reported production increases of 4.52% and 10.7%, respectively. Conversely, Spain, the United Kingdom, and Italy saw production declines, with Italy experiencing the most significant reduction of 6.42%.
Looking to the future, increased automation and innovation in steering technology may shift the landscape. Eastern European countries, such as Romania and Slovakia, may continue to gain market share due to lower production costs and growing automotive sectors. Adapting to new trends in electric and autonomous vehicles will be crucial for maintaining competitiveness in this industry.
Top countries in Sold Production of Steering Wheels, Steering Columns and Steering Boxes Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30.57 | 2023 | +7.2% | -1.67% | View data |
| 2 | 2 France | 20.2 | 2023 | +8.46% | +0.25% | View data |
| 3 | 3 Poland | 17.07 | 2023 | +2.77% | +1.97% | View data |
| 4 | 4 Czechia | 15.13 | 2023 | |||
| 5 | 5 Romania | 3.79 | 2023 | +3.15% | +4.52% | View data |
| 6 | 6 Spain | 2.35 | 2023 | -0.16% | -3.16% | View data |
| 7 | 7 Slovakia | 1.94 | 2023 | -0.37% | +10.7% | View data |
| 8 | 8 United Kingdom | 1.8 | 2023 | -5.98% | -5.9% | View data |
| 9 | 9 Portugal | 1.46 | 2021 | -0.79% | View data | |
| 10 | 10 Sweden | 0.78 | 2023 | +7.95% | +1.18% | View data |
