The Motor Vehicles Steering Wheels, Columns, and Boxes market in Mauritius demonstrated a steady growth trajectory from 2013 to 2023, achieving a market size value of 1,696.5 thousand USD in 2023. Key growth periods include 2016 with a 37.84% increase and a consistent rise between 2021 and 2023. The compound annual growth rate over the past five years averaged at 4.76%, reflecting stable market expansion, despite minor contractions in specific years like 2015 and 2020.
Future trends to watch for include:
- Technological advancements in automotive steering systems.
- Shifts towards electric and autonomous vehicles impacting steering component demand.
- Regional trade policies influencing import-export dynamics.
