The Motor Vehicles Steering Wheels, Columns and Boxes market in Iceland has shown fluctuating trends over the past decade. In 2023, the market size stood at $8.17 per capita. From 2022 to 2023, there was a modest increase of 0.74%. Evaluating the last five years, the compound annual growth rate (CAGR) is -1.17%, indicating a slight decrease in market value per capita despite short-term rises.
Looking forward, potential growth in Iceland's automotive market may arise from increased demand for electric vehicles and advancements in automotive technologies, providing opportunities for product enhancements and market expansion.
| # | 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 | ||
| 9 | 9 Estonia | 10.51 | 2023 | View data | ||
| 10 | 10 Norway | 9.71 | 2023 | View data | ||
| 11 | 11 Iceland | 8.17 | 2023 | |||
| 12 | 12 Lithuania | 6.92 | 2023 | View data | ||
| 13 | 13 Latvia | 6.32 | 2023 | View data | ||
