| Product Code: ETC8143398 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Maldives automotive steering import market continues to see significant growth, with China, USA, Sri Lanka, India, and Metropolitan France emerging as top exporters in 2024. The market concentration, measured by the HHI, has increased from high to very high in just one year, indicating a more concentrated market landscape. The impressive CAGR of 40.06% from 2020 to 2024 reflects the robust demand for automotive steering products in the Maldives. Moreover, the growth rate of 5.41% from 2023 to 2024 suggests a continued upward trajectory for import shipments in this sector.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Automotive Steering Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Automotive Steering Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Automotive Steering Market - Industry Life Cycle |
3.4 Maldives Automotive Steering Market - Porter's Five Forces |
3.5 Maldives Automotive Steering Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Maldives Automotive Steering Market Revenues & Volume Share, By Mechanism, 2021 & 2031F |
3.7 Maldives Automotive Steering Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 Maldives Automotive Steering Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for vehicles in the Maldives due to improving economic conditions |
4.2.2 Growing awareness about the importance of vehicle safety features |
4.2.3 Technological advancements in automotive steering systems leading to better performance |
4.3 Market Restraints |
4.3.1 High import duties on automotive parts impacting the overall cost of steering systems |
4.3.2 Limited availability of skilled technicians for steering system maintenance and repairs |
5 Maldives Automotive Steering Market Trends |
6 Maldives Automotive Steering Market, By Types |
6.1 Maldives Automotive Steering Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Automotive Steering Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 Maldives Automotive Steering Market Revenues & Volume, By Passenger Cars, 2021- 2031F |
6.1.4 Maldives Automotive Steering Market Revenues & Volume, By Commercial Vehicles, 2021- 2031F |
6.2 Maldives Automotive Steering Market, By Mechanism |
6.2.1 Overview and Analysis |
6.2.2 Maldives Automotive Steering Market Revenues & Volume, By Electronic Power Steering (EPS), 2021- 2031F |
6.2.3 Maldives Automotive Steering Market Revenues & Volume, By Hydraulic Power Steering (HPS), 2021- 2031F |
6.2.4 Maldives Automotive Steering Market Revenues & Volume, By Electrically Assisted Hydraulic Power Steering, 2021- 2031F |
6.3 Maldives Automotive Steering Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 Maldives Automotive Steering Market Revenues & Volume, By Hydraulic Pump, 2021- 2031F |
6.3.3 Maldives Automotive Steering Market Revenues & Volume, By Steering/ Column/ Rack, 2021- 2031F |
6.3.4 Maldives Automotive Steering Market Revenues & Volume, By Sensors, 2021- 2031F |
6.3.5 Maldives Automotive Steering Market Revenues & Volume, By Electric Motor, 2021- 2031F |
6.3.6 Maldives Automotive Steering Market Revenues & Volume, By Others, 2021- 2031F |
7 Maldives Automotive Steering Market Import-Export Trade Statistics |
7.1 Maldives Automotive Steering Market Export to Major Countries |
7.2 Maldives Automotive Steering Market Imports from Major Countries |
8 Maldives Automotive Steering Market Key Performance Indicators |
8.1 Average age of vehicles in the Maldives (indicating potential demand for steering system replacements) |
8.2 Number of road accidents (reflecting the importance of safety features like steering systems) |
8.3 Adoption rate of advanced steering technologies in new vehicle models |
9 Maldives Automotive Steering Market - Opportunity Assessment |
9.1 Maldives Automotive Steering Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Maldives Automotive Steering Market Opportunity Assessment, By Mechanism, 2021 & 2031F |
9.3 Maldives Automotive Steering Market Opportunity Assessment, By Component, 2021 & 2031F |
10 Maldives Automotive Steering Market - Competitive Landscape |
10.1 Maldives Automotive Steering Market Revenue Share, By Companies, 2024 |
10.2 Maldives Automotive Steering Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |