The Japanese market for motor vehicles steering wheels, columns, and boxes experienced fluctuating values per capita from 2013 to 2023, reaching $42.03 in 2023. Notable declines were seen post-2016, with a significant drop in 2020, likely due to COVID-19 disruptions, followed by partial recovery. The year-on-year changes for the last two years show a slight decline of 2% and 1.9% in 2023. The five-year CAGR reveals an average annual decrease of 1.33%.
Future market trends to monitor include advancements in automotive technology such as autonomous driving systems impacting component requirements and shifts towards electric vehicles influencing steering mechanisms and related markets.
| # | 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 | |||
| 6 | 6 Belgium | 38.19 | 2023 | View data | ||
| 7 | 7 South Korea | 28.13 | 2023 | View data | ||
