Germany leads European sold production of steering components with a significant margin, contributing nearly 2.80 billion euros. France and Poland follow, contributing 1.85 billion euros and 1.56 billion euros, respectively. Noteworthy growth is observed in Romania (4.52% increase) and Slovakia (10.7% increase) for 2023. However, declines are noted in Spain (-3.16%), Italy (-6.42%), and the United Kingdom (-5.9%). Finland (25.42%) and Denmark (18.49%) show impressive growth, albeit from smaller bases. Conversely, Lithuania marginally declined by 0.33%. Over the past five years, Eastern European countries have shown a robust growth pattern.
Looking ahead, attention should focus on technological advancements, increasing demand for electric vehicles, and regional economic policies which could reshape the production landscape. Expansion in Eastern Europe suggests potential for continued growth amidst evolving automotive trends.
Top countries in Sold Production of Steering Wheels, Steering Columns and Steering Boxes by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,796,900,000 | 2023 | +7.2% | -1.67% | View data |
| 2 | 2 France | 1,848,300,000 | 2023 | +8.46% | +0.25% | View data |
| 3 | 3 Poland | 1,561,500,000 | 2023 | +2.77% | +1.97% | View data |
| 4 | 4 Czechia | 1,384,300,000 | 2023 | |||
| 5 | 5 Romania | 346,400,000 | 2023 | +3.15% | +4.52% | View data |
| 6 | 6 Spain | 215,180,000 | 2023 | -0.16% | -3.16% | View data |
| 7 | 7 Slovakia | 177,910,000 | 2023 | -0.37% | +10.7% | View data |
| 8 | 8 United Kingdom | 164,470,000 | 2023 | -5.98% | -5.9% | View data |
| 9 | 9 Portugal | 133,500,000 | 2021 | -0.79% | View data | |
| 10 | 10 Sweden | 71,489,000 | 2023 | +7.95% | +1.18% | View data |
