openPR Logo
Press release

Steering Wheel Market in the automotive industry is Likely to Reach US$ 3.6 billion in 2022

03-18-2019 09:19 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Steering Wheel Market in the automotive industry is Likely

Launching announcement of a new research report on Automotive Steering Wheel Market which is projected to reach US$ 3.6 billion by 2022 - forecasted by Stratview Research. The study provides an in-depth analysis by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy Duty Commercial Vehicle), by Wheel Diameter Type (Small, Medium and Large), by Technology Type (Normal Steering Wheel, and Control Embedded Steering Wheel), by Material Type (Polyurethane, Leather, and Wood), and by Region (North America, Europe, Asia-Pacific and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017 – 2022.

Click here to read the detailed description and TOC: https://www.stratviewresearch.com/133/automotive-steering-wheel-market.html

Automotive Steering Wheel Market: Highlights
The global automotive steering wheel market was valued at US$ 2.7 billion in 2016 and is projected to grow at a healthy CAGR of 4.7% CAGR over the next five years to reach US$ 3.6 billion in 2022. Increasing automobile production fueled by rising disposable income, the introduction of stringent safety standards, rising demand for safety equipped vehicles, and advancement in steering wheel technology are major growth drivers of the automotive steering wheel market globally.

The global automotive steering wheel market is segmented based on vehicle type: passenger car, light commercial vehicle, and medium & heavy-duty commercial vehicle. The passenger vehicle is expected to remain the most dominant vehicle type during the forecast period of 2017 to 2022. This vehicle segment is also likely to grow at the fastest rate in the same period, driven by an organic growth in the passenger car production across the globe and increasing demand for autonomous driving with high passenger safety, especially in premium and luxury cars.

Request sample here-https://www.stratviewresearch.com/Request-Sample/133/automotive-steering-wheel-market.html

Based on steering diameter size, the global automotive steering wheel market is segmented as small, medium and large diameter. Small-sized steering occupies the largest share in the global automotive steering wheel market because of its high use in passenger cars, especially in hatchback and mid-size sedan cars. This diameter size is projected to witness the fastest growth during the studied period of 2017 to 2022, driven by Asia-Pacific and Rest of the World.

Based on the technology, the global automotive steering wheel market is segmented as normal steering wheel and control embedded steering wheel. The normal steering wheel is projected to remain the most dominant technology type in the global automotive industry during the forecast period whereas control embedded steering wheel is expected to grow at a faster rate in the same period. Key initiatives, such as New Car Assessment Program taken by the government of many countries is also influencing the demand for automotive steering wheels equipped with an airbag to meet their safety standards.

Based on region, the global automotive steering wheel market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is projected to remain the largest automotive steering wheel market during the forecast period of 2017 to 2022. This region is also likely to witness the fastest growth in the same period, driven by increasing automobile production mainly in China and India. Both countries (china and India) would remain act as the growth engines of the Asia-Pacific region in the coming five years. Europe and North America are also sizeable markets and are likely to experience healthy growths in the same period.

Autoliv Inc., Takata Corporation, ZF TRW Automotive Holdings Corp., Key Safety Systems Inc., Nihon Plast Co., Ltd., and Tokai Rika Co. are the well-known steering wheel manufacturers in the automotive industry. Advancement in technology, wide geographical presence, long-term contracts with customers are the key strategies adopted by the key players to gain a competitive edge in the market.

Report Features
The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.

ABOUT US
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

We have a strong, experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.
Our services cover a broad spectrum of industries including Energy, Chemicals, Advanced Materials, Automotive, and Aerospace. We provide research services at the global, regional as well as country level; key regions include Europe, APAC, NA, MEA, RoW.

We are a trusted brand in the research industry with the capability of commissioning complex projects within a short span of time with a high level of accuracy. At Stratview, we believe in building long-term relations with our clients.

To browse through our range of reports in the Automotive industry, refer to the following link:
https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Steering Wheel Market in the automotive industry is Likely to Reach US$ 3.6 billion in 2022 here

News-ID: 1658816 • Views: 388

More Releases from Stratview Research

Sustainable Footwear Market offers good growth opportunities post COVID-19
The Sustainable Footwear Market report has recently been added to Stratview Research’s offering. This report shows lucrative growth opportunities in the industry during the next five-year period and ensures more information regarding the market trends. The following summary will give an overview of the challenges, dynamics, and key market players. Sustainable Footwear Market Forecast: Sustainable Footwear Market is likely to witness an impressive Healthy CAGR of 5.8% during the forecast period. Stratview
Surgical Apparel Market is Expected to Register a Considerable Growth by 2026
The Surgical Apparel Market report has recently been added to Stratview Research’s offering. This report shows lucrative growth opportunities in the industry during the next five-year period and ensures more information regarding the market trends. The following summary will give an overview of the challenges, dynamics, and key market players. Surgical Apparel Market Forecast: Surgical Apparel Market is likely to witness an impressive Healthy CAGR of 6.1% during the forecast period. Stratview
Spandex Fiber Market is Anticipated to Grow at an Impressive CAGR During 2021-20 …
The Spandex Fiber Market report has recently been added to Stratview Research’s offering. This report shows lucrative growth opportunities in the industry during the next five-year period and ensures more information regarding the market trends. The following summary will give an overview of the challenges, dynamics, and key market players. Spandex Fiber Market Forecast: Spandex Fiber Market is likely to witness an impressive Healthy CAGR of 7.1% during the forecast period. Stratview
Smart Plantation Management Systems Market Intelligence Report Offers Insights o …
The Smart Plantation Management Systems Market report has recently been added to Stratview Research’s offering. This report shows lucrative growth opportunities in the industry during the next five-year period and ensures more information regarding the market trends. The following summary will give an overview of the challenges, dynamics, and key market players. Smart Plantation Management Systems Market Forecast: Smart Plantation Management Systems Market is likely to witness an impressive Healthy CAGR of

All 5 Releases


More Releases for Wheel

Rail Wheel And Axle Industry Forecast to 2028 Global Market Analysis by Wheel Ty …
A rail wheel and axle is a type of wheel and axel that is specially designed for railways. Growing technological advancements in train networks and trains are compelling train manufacturers to invest heavy sums in R&D for the manufacturing of light materials for wheels and axles for passenger trains, freight trains, and short-distance trains. Rise in the production of locomotives in developing and developed countries are the major driving factor
Section From Wheel Aligner Market Report 2019 Companies included 3D Wheel Aligne …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2019 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2019 to 2025, etc. The report also provides detailed segmentation on the
Section From Wheel Aligner Market Report 2018 Companies included 3D Wheel Aligne …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the
Global Commercial Automotive Wheel Market Forecast 2018-2025 Accuride Wheel, Bha …
Recently added detailed market study "Global Commercial Automotive Wheel Market" examines the performance of the Commercial Automotive Wheel market 2018. It encloses an in-depth Research of the Commercial Automotive Wheel market state and the competitive landscape globally. This report analyzes the potential of Commercial Automotive Wheel market in the present and the future prospects from various angles in detail. The Global Commercial Automotive Wheel Market 2018 report includes Commercial Automotive Wheel
Global Rail Wheel (Railway Wheel) Market 2018 - Lucchini RS, Rail Wheel Factory, …
The Global Rail Wheel (Railway Wheel) Industry 2018 Market Research Report is a professional and in-depth study on the current state of the Rail Wheel (Railway Wheel) industry. Firstly, Rail Wheel (Railway Wheel) Market report provides a basic overview of the Rail Wheel (Railway Wheel) industry including definitions, classifications, applications and Rail Wheel (Railway Wheel) industry chain structure. Global Rail Wheel (Railway Wheel) Market analysis is provided for the international market
Global Rail Wheel Market Consumption 2017 Trends By Product(Rolled Rail Wheel, F …
Scope Of Global Rail Wheel Market Research Report 2017 Global Rail Wheel Market Analysis, Status and Forecast 2022 Market Research Report contains a market overview of the industry which talks about market defination, product scope, revenue, growth opportunities, sales volumes and figures, growth estimation in coming years, current industry leaders and their sales/revenue metrics. Request For Free Sample Report Here : https://www.reportsmonitor.com/request-sample/?post=486231 This report studies the global Rail Wheel market, analyzes and researches