The Motor Vehicles Steering Wheels, Columns and Boxes market in Mauritius shows steady growth from 2013 through 2023, reaching $1.32 per capita in 2023. The year-on-year growth over the last two years was approximately 4.96% from 2021 to 2022, and 3.94% from 2022 to 2023. The compounded annual growth rate (CAGR) over the past five years (2018 to 2023) stands at roughly 4.47%. These figures indicate consistent demand and market expansion over the decade.
Future trends to watch for include:
- Technological advancements in auto components enhancing steering safety and performance.
- Potential shifts in automobile manufacturing trends towards electric vehicles, influencing the supply chain for steering-related parts in Mauritius.
- Policy changes or economic factors that may impact automotive sector growth and steering component consumption.
| # | 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 | ||
| 22 | 22 Botswana | 1.55 | 2023 | View data | ||
| 23 | 23 Guatemala | 1.46 | 2023 | View data | ||
| 24 | 24 Mauritius | 1.32 | 2023 | |||
| 25 | 25 Ecuador | 1.18 | 2023 | View data | ||
| 26 | 26 India | 1.18 | 2023 | View data | ||
