openPR Logo
Press release

Automotive Steering Wheel Market Size to Grow at a CAGR of 4.7% by 2022

11-12-2019 10:19 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Automotive Steering Wheel Market Size to Grow at a CAGR of 4.7%

Automotive Steering Wheel Market is expected to grow at a CAGR of 4.7% during 2017-22, according to a newly added report by Stratview Research. 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 report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in five ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2017-2022.

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

As per the report, among different vehicle types, 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.

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.

View the Table of Contents here https://www.stratviewresearch.com/toc/133/automotive-steering-wheel-market.html

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.

Read the Full Report Description here https://www.stratviewresearch.com/133/automotive-steering-wheel-market.html

The report further mentions about the key manufacturing players Autoliv Inc., Takata Corporation, ZF TRW Automotive Holdings Corp., Key Safety Systems Inc., Nihon Plast Co., Ltd., and Tokai Rika Co. who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the automotive steering wheel market that can be helpful for the interested clients in analysing the market and taking right decisions accordingly.

Salient Features of the Report
The report on automotive steering wheel market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as:
• Market structure,
• Market environment analysis,
• Market trend and forecast analysis,
• Market segment trend and forecast,
• Competitive landscape and dynamics,
• Attractive market segments and associated growth opportunities,
• Emerging trends,
• Strategic growth opportunities for the existing and new players,
• Key success factors

About Stratview Research:
Stratview Research is a global research company offering custom research and marker research reports for interested client in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.

For inquiries, Contact:
Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

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

About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

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 Automotive Steering Wheel Market Size to Grow at a CAGR of 4.7% by 2022 here

News-ID: 1865524 • Views:

More Releases from Stratview Research

Composite Hoses Market is Forecasted to Reach US$398.1 Million in 2032, Says Stratview Research
Composite Hoses Market is Forecasted to Reach US$398.1 Million in 2032, Says Str …
The global composite hoses market size was valued at US$299.2 million in 2024 and is projected to reach US$398.1 million by 2032, witnessing a market growth CAGR of 3.3% from 2024 to 2032, according to an analysis by Stratview Research. Stratview Research, a global market research firm, has launched a report on the global composite hoses market, which provides a comprehensive outlook of the global and regional industry forecast, current &
Electrically Conductive Carbon Additives Market is Forecasted to Reach US$5.4 Billion in 2028, Says Stratview Research
Electrically Conductive Carbon Additives Market is Forecasted to Reach US$5.4 Bi …
The global Electrically Conductive Carbon Additives Market size was valued at US$2 billion in 2024 and is projected to reach US$5.4 billion by 2028, witnessing a market growth CAGR of 17.4% from 2023 to 2028, according to an analysis by Stratview Research. Stratview Research, a global market research firm, has launched a report on the global Electrically Conductive Carbon Additives Market which provides a comprehensive outlook of the global and regional
Image Intensifier Tube Market is Forecasted to Reach US$ 0.7 Billion in 2028, Says Stratview Research
Image Intensifier Tube Market is Forecasted to Reach US$ 0.7 Billion in 2028, Sa …
The global image intensifier tube market is projected to witness a growth rate of 4.4% annually from 2023 to 2028, with an anticipated size of US$ 0.7 billion by 2028, according to an analysis by Stratview Research. Stratview Research, a global market research firm has launched a report on the global image intensifier tube market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends,
Graphite Electrode Market for the Metal Industry is Forecasted to Reach US$ 12.4 Billion in 2031, Says Stratview Research
Graphite Electrode Market for the Metal Industry is Forecasted to Reach US$ 12.4 …
The global graphite electrode market for the metal industry is projected to witness a growth rate of 2.4% annually from 2024 to 2031, with an anticipated size of US$ 12.4 billion by 2031, according to an analysis by Stratview Research. Stratview Research, a global market research firm has launched a report on the global graphite electrode market for the metal industry which provides a comprehensive outlook of the global and regional

All 5 Releases


More Releases for Automotive

Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030. Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%. Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident. In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business. Get Sample Copy of this Report for more Information
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of