openPR Logo
Press release

Automotive Steering Wheel Market Future Scenarios, Growth and Analytical Insights - 2027

Automotive Steering Wheel Market

Automotive Steering Wheel Market

Persistence Market Research's latest report on the global automotive steering wheel market projects that over 2286 Mn Units of the automotive steering wheels will be shipped by 2027-end. As per the report, the US$ 337,585 Mn automotive steering wheel market will ride at a strong CAGR of 8.27% over the forecast period (2017-2027) to reach a valuation of US$ 899,559.9 Mn. As self-driving technology slowly becomes a reality, automotive components including steering wheels are expected to undergo massive transformation both in terms of design and technology.

To remain 'ahead' of your competitors, request for a samples@ https://www.persistencemarketresearch.com/samples/16984

North America to Remain the Largest Market for Automotive Steering Wheels

Availability of leading edge automotive component technology and increasing demand for advanced steering wheel design that are relevant to modern vehicle interiors is driving the automotive steering wheel market in North America. Manufacturers are focusing on adding more features on steering wheels, giving more control to the driver. At the same time, increasing concern over automotive safety is pushing manufacturers to make their products safer. In terms of value, North America is estimated to account for a relatively larger share of the global market over the forecast period.

Meanwhile, the automotive steering wheel market in Asia Pacific excluding Japan (APEJ) is expected to witness the fastest growth during the forecast period. Sales of advanced automotive steering wheels are steadily rising in China and India, as these two countries in the region have stepped up their road safety campaign. These countries also happen to be leading producer of automotive spare parts, with both countries going through essential phases of development. Higher emphases on road safety is expected to favor the global market for automotive steering wheels.

Manufacturers are concentrating on developing high-quality automotive steering wheels. Strengthening of the supply chain, particularly in regions, such as North America, Japan and APEJ remains a key focus area for market players. Hyundai Mobis Co. Ltd, ZF Friedrichshafen Manufacturing Company, Takata, Momo Automotive Accessories Inc., Toyoda Gosei, Tokai Rika Co., Ltd., Autoliv, Key Safety Systems, Nihon Plast Co. Ltd, Grant Products International INC, GSK Intek, Moto Lita, Simmonds Superspoke, Isotta, Neaton Auto Products, Nardi Personal, Sabic, KKR Metal Components, Emdet Group, Sun Autoelektrik Private Limited are some of the leading companies operating in the global market for automotive steering wheel.

For critical insights on this market, request for customization here @ https://www.persistencemarketresearch.com/request-customization/16984

Driver airbag is expected to remain the most attractive product type segment of the market. Airbags have become an important passenger safety component and are being installed in low mid and premium end vehicles. Moreover, carmakers are rapidly adopting airbags in steering wheels to comply with the revised auto safety regulations.

Demand for neoprene coated automotive steering wheel is expected to remain strongest, followed by the silicone coated variant. In terms of the value, neoprene coated automotive steering wheels are expected to account for more than two-third share of the market towards the end of the assessment period.

OEM will remain the leading sales channel for automotive steering wheels throughout the forecast period and is expected to account for 91.7% values share of the market. This is primarily owing increasing collaborations and partnerships between manufacturers and OEMs, which is further strengthening the sales and distribution channel.

Buy Full Report Now and Get Up to 20% Discount @ https://www.persistencemarketresearch.com/checkout/16984

Persistence market research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us: -

Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

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 Future Scenarios, Growth and Analytical Insights - 2027 here

News-ID: 2840135 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


More Releases for Auto

Auto Leads: Revolutionizing Lead Generation for Auto Detailers
Auto Leads, a digital marketing company specializing in helping auto detailers grow their businesses, has quickly become a leader in lead generation for the industry. Founded by Austin Kennedy, a former auto detailer with three years of hands-on experience, Auto Leads offers a solution to help detailers attract high-quality customers, particularly for premium services like Ceramic Coating. What Auto Leads Is Auto Leads focuses on digital marketing solutions for auto detailing businesses,
Winter Park Auto Repair: Cech Auto Unveils Auto Repair Financing, Expert Service …
Image: https://www.getnews.info/wp-content/uploads/2024/10/1730165920.png Cech Auto announces the launch of flexible auto repair financing, offering Winter Park customers accessible payment solutions for essential vehicle maintenance and repairs. A leading Winter Park auto repair [https://www.cechauto.com/] shop, Cech Auto unveils its new auto repair financing option, providing customers with flexible payment solutions for all repair services. With competitive financing plans available, Cech Auto makes essential vehicle maintenance and repairs more accessible, ensuring that customers can address
Brampton Auto Glass Announces New Comprehensive Auto Glass Solutions
Brampton, Ontario July 24 2024 - Brampton Auto Glass Company, a leading name in auto glass repair and replacement for the Brampton and Mississauga areas, announces a significant expansion of its service portfolio. This enhanced suite caters to the diverse needs of local vehicle owners, ensuring optimal safety and a flawless visual experience on the road. Unwavering Commitment to Excellence and Customer Satisfaction Brampton Auto Glass Company prioritizes excellence in everything
Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide
Newsdesk, March 22, 2024 - Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide Employing state-of-the-art tools and technology, the company ensures a seamless, hassle-free experience for clients. Auto Locksmith America, a prominent auto locksmith company headquartered in Mississippi, unveils its latest suite of services and enticing offers tailored to cater to a spectrum of auto locksmith needs. With nearly 14 years of steadfast service, the company stands as a beacon of
Auto Chess Game Market | Auto Chess, Dota Auto Chess, Hearthstone, Honor Of King …
The global auto chess game market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the auto chess game market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants. From the perspective of market dynamics, this report explores the factors driving the growth
Auto Driveaway Provides Reliable and Safe Auto Shipping Services
FOR IMMEDIATE RELEASE Philadelphia, PA: Recently, Auto Driveaway has been awarded for being one of the most reliable and secure auto shipping companies in the country by renowned entities. The company has more than 40 offices across the country that helps to track and update every detail about the consignment. Every delivery is managed professionally resulting in scheduled delivery without providing any damage, dent or issues to the vehicle. The company provides