From 2013 to 2023, Estonia’s motor vehicles steering wheels, columns, and boxes market size value per capita experienced fluctuations. Significant increases occurred between 2016 and 2017 (+29.3%), and between 2020 and 2021 (+8.92%), while notable decreases were seen from 2014 to 2015 (-10.37%) and from 2015 to 2016 (-2.69%). In 2023, the market size value stood at $10.51 per capita. Over the past five years, from 2019 to 2023, the compound annual growth rate (CAGR) was approximately 1.29%, depicting a steady growth trend.
Future trends to watch for include technological advancements in steering components, an increase in electric vehicle adoption, and regulatory effects on manufacturing standards. Monitoring these factors will be crucial for understanding market dynamics moving forward.
| # | 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 | ||
| 7 | 7 South Korea | 28.13 | 2023 | View data | ||
| 8 | 8 China | 11.64 | 2023 | View data | ||
| 9 | 9 Estonia | 10.51 | 2023 | |||
| 10 | 10 Norway | 9.71 | 2023 | View data | ||
| 11 | 11 Iceland | 8.17 | 2023 | View data | ||
