The Motor Vehicles Steering Wheels, Columns, and Boxes market in South Africa has experienced mostly stable growth, with a peak value per capita at $4.88 in 2013 and $4.54 from 2021 to 2023. The highest year-on-year change was a decline of 15.98% in 2014, while the past two years show no variation. The 5-year CAGR from 2018 to 2023 is -0.39%, indicating a slight decrease annually, reflecting market stabilization.
Future trends to watch for include potential growth driven by innovations in automotive technology, increased demand for electric vehicles, and economic factors positively influencing consumer spending in the automotive sector.
| # | 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 | ||
| 15 | 15 Barbados | 5.58 | 2023 | View data | ||
| 16 | 16 Belarus | 5.1 | 2023 | View data | ||
| 17 | 17 South Africa | 4.54 | 2023 | |||
| 18 | 18 Denmark | 4.4 | 2023 | View data | ||
| 19 | 19 Croatia | 4.07 | 2023 | View data | ||
