Germany dominates the European export of steering components, holding the largest share but experiencing a decline due to intensified competition. Poland and Hungary show promising growth, with incremental percentage increases. France's exports diminish, hinting at possible production or competitiveness issues. Notably, the Netherlands marks a sharp rise, potentially indicating a shift towards technological advancements or strategic investments. A remarkable surge in the Italian export reflects a potential recovery or new market strategies. Meanwhile, the UK recorded a significant decline, suggesting an industry downturn or realignment post-Brexit.
Future trends to watch include:
- Increased automation and technology integration driving export efficiency.
- The impact of environmental regulations and a shift towards sustainable production.
- Geopolitical influences reshaping trade policies and alliances.
- Emerging markets gaining traction and reshaping competitive dynamics.
Top countries in Export of Steering Wheels, Steering Columns and Steering Boxes Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 33.15 | 2023 | +4.38% | -6.78% | View data |
| 2 | 2 Poland | 15.55 | 2023 | +3.32% | +3.05% | View data |
| 3 | 3 France | 12.75 | 2023 | +7.7% | -5.64% | View data |
| 4 | 4 Czechia | 10.94 | 2023 | |||
| 5 | 5 Hungary | 8.31 | 2023 | +3.51% | +4.04% | View data |
| 6 | 6 Romania | 6.07 | 2023 | +3.31% | +2.06% | View data |
| 7 | 7 Slovenia | 3.58 | 2023 | +2.22% | +1.71% | View data |
| 8 | 8 Italy | 3.34 | 2023 | +9.31% | +35.7% | View data |
| 9 | 9 Spain | 1.8 | 2023 | +17.07% | -8.44% | View data |
| 10 | 10 Netherlands | 1.53 | 2023 | +33.67% | +65.44% | View data |
