Europe: Market for Steering Wheels, Steering Columns And Steering Boxes 2025

Market Size for Steering Wheels, Steering Columns And Steering Boxes in Europe

In 2022, the Europe steering wheels and columns market increased by 11% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Steering Wheels, Steering Columns And Steering Boxes in Europe

In value terms, steering wheels and columns production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports in Europe

In 2022, shipments abroad of steering wheels, steering columns and steering boxes increased by 1.5% to X tons, rising for the second consecutive year after three years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 9.1% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, steering wheels and columns exports shrank to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 12% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), Poland (X tons), the Czech Republic (X tons), Hungary (X tons), Switzerland (X tons) and Romania (X tons) represented the main exporters of steering wheels, steering columns and steering boxes, together making up 80% of total exports. Italy (X tons), Spain (X tons), Slovenia (X tons) and Portugal (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Portugal (with a CAGR of +10.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest steering wheels and columns supplier in Europe, comprising 32% of total exports. The second position in the ranking was held by Poland ($X), with a 14% share of total exports. It was followed by France, with an 11% share.

In Germany, steering wheels and columns exports contracted by an average annual rate of -1.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+3.3% per year) and France (-4.6% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, reducing by -9.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 7.9%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+1.3%), while the other leaders experienced more modest paces of growth.

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports in Europe

In 2022, approx. X tons of steering wheels, steering columns and steering boxes were imported in Europe; almost unchanged from the previous year. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 8.1% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, steering wheels and columns imports reduced slightly to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 12% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), Poland (X tons), Spain (X tons), the Czech Republic (X tons), Russia (X tons), Hungary (X tons) and the UK (X tons) represented the key importers of steering wheels, steering columns and steering boxes, together mixing up 76% of total imports. The following importers - Slovakia (X tons), Italy (X tons), Romania (X tons), Belgium (X tons) and Sweden (X tons) - together made up 16% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hungary (with a CAGR of +15.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported steering wheels, steering columns and steering boxes in Europe, comprising 25% of total imports. The second position in the ranking was held by France ($X), with a 10% share of total imports. It was followed by Spain, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: France (-1.1% per year) and Spain (+0.2% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, with a decrease of -3.2% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 9.4% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform