The Motor Vehicles Steering Wheels, Columns and Boxes market in Lithuania has experienced a growth trend in value per capita from 2013 to 2023. Starting at $4.34 in 2013, it increased to $6.92 by 2023. The most notable year-on-year increase occurred between 2015 and 2016, where it rose by approximately 27.64%. In recent years, from 2021 to 2023, the market continued its upward trajectory with an average annual growth (CAGR) of around 4.26% over the previous five years.
Future trends to watch include advancements in vehicle technology, particularly those driven by increased demand for Electric Vehicles (EVs) and enhanced driver safety features, which may further influence market growth positively.
| # | 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 | ||
| 10 | 10 Norway | 9.71 | 2023 | View data | ||
| 11 | 11 Iceland | 8.17 | 2023 | View data | ||
| 12 | 12 Lithuania | 6.92 | 2023 | |||
| 13 | 13 Latvia | 6.32 | 2023 | View data | ||
| 14 | 14 New Zealand | 6.12 | 2023 | View data | ||
