In 2023, France's import of steering wheels, columns, and boxes for motor vehicles stood at an undisclosed value. The forecast for 2024 is 93.751 million kilograms, advancing to 98.424 million kilograms by 2028. This indicates a steady year-on-year increase, with percentage growths of approximately 1.3% to 1.4% annually. Over the five-year period, the compound annual growth rate (CAGR) is consistently positive, reflecting robust demand and importation trends.
Future trends to watch for include:
- Technological advancements in steering systems.
- Increased vehicle electrification and automation, impacting component demand.
- Potential trade regulations and tariffs that could influence importation volumes.
- Eco-friendly and sustainable product developments impacting material choices.