The Motor Vehicles Steering Wheels, Columns, and Boxes market in Belgium saw a per capita value of $38.19 in 2023. From 2013 to 2023, the market witnessed a declining trend with fluctuations; notably, the market value reduced significantly until 2017, followed by a modest recovery until 2020. Subsequently, there was a slight downward movement again through 2023. Over the last two years, the value decreased by approximately 0.7% and 0.9%, indicating a weakening market. The five-year CAGR shows a minor decline, showcasing a need for innovation and policy adjustments to ignite growth.
Future trends to watch for include shifts in consumer preference towards more technologically advanced steering systems, potential impacts of regulatory changes promoting electric vehicles, and the macroeconomic factors impacting automotive production and sales in the region.
| # | 28 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 70.35 | 2023 | View data | ||
| 2 | 2 Spain | 68.51 | 2023 | View data | ||
| 3 | 3 United Kingdom | 54.15 | 2023 | View data | ||
| 4 | 4 Italy | 42.56 | 2023 | View data | ||
| 5 | 5 Japan | 42.03 | 2023 | View data | ||
| 6 | 6 Belgium | 38.19 | 2023 | |||
| 7 | 7 South Korea | 28.13 | 2023 | View data | ||
| 8 | 8 China | 11.64 | 2023 | View data | ||
