Press release
Car Steering Wheel Market is projected to reach USD 42.32 billion by 2030 : Cognitive Market Research
Car Steering Wheel Market is projected to reach USD 42.32 billion by 2030 : Cognitive Market Research
What is Car Steering Wheel?
- A car steering wheel is a circular-shaped control that is used to direct the movement and direction of a vehicle. It is usually located in front of the driver's seat and is connected to the vehicle's front wheels via a series of linkages and a steering column. When the driver turns the steering wheel, it rotates the front wheels of the car, which causes the car to change its direction.
Modern car steering wheels typically have a number of features, such as horn buttons, airbag modules, audio and cruise control buttons, and paddle shifters (in the case of cars with automatic transmissions). The steering wheel is typically covered with a material such as leather or synthetic material, which provides a comfortable grip for the driver.
Summary:
- The Global Car Steering Wheel market size stood at USD 35.37 billion in 2022 and will touch the mark of USD 42.32 billion by 2030. The global market is expected to expand at a CAGR of 4.6% between 2023 and 2030.
"To know more about The Car Steering Wheel Market statistics click here: https://www.cognitivemarketresearch.com/car-steering-wheel-market-report
Market Dynamics:
- What are the driving factors for the Car Steering Wheel market?
The growth in the number of cars on the road globally is one of the primary drivers of the car steering wheel market. As the number of cars increases, so does the demand for steering wheels. The introduction of advanced technologies such as sensors, cameras, and software has revolutionized the automotive industry, leading to the development of more advanced and sophisticated steering wheels. Safety is a key concern for drivers and car manufacturers alike. The introduction of advanced safety features such as airbags and anti-lock braking systems (ABS) has led to an increased demand for steering wheels that are designed to be more comfortable and safe to use. With an increasing focus on personalization and customization in the automotive industry, car manufacturers are offering a range of options for steering wheels to meet the needs and preferences of individual customers. The growth of the electric vehicle market is expected to drive the demand for steering wheels with advanced technologies such as driver assistance systems and autonomous driving features.
Car Steering Wheel Market Segmentation
Vehicle Type
• Passenger Cars
• Commercial Vehicles
Material
• Aluminium
• Magnesium
• Steel
• Others
Sales Channel
• OEM
• Aftermarket
Based on applications, the market is segmented into OEMs and Aftermarket. In the global car steering wheel market, the OEM (Original Equipment Manufacturer) segment has the highest market share. This segment includes steering wheels that are manufactured by automotive original equipment manufacturers and installed in new vehicles during the production process. The high market share of the OEM segment can be attributed to factors such as the growing demand for new cars globally and the increasing adoption of advanced steering wheel technologies by automotive manufacturers.
Technology
• Conventional
• Control Embedded
The Major Players in Car Steering Wheel Market are:
KSS, Visteon, ZF TRW, Kongsberg, Toyoda Gosei, Takata, AGS, Birchwood, Koyo Corporation, Neaton, SAIC, Methode
Get free sample pages of the latest published Car Steering Wheel market Report: https://www.cognitivemarketresearch.com/car-steering-wheel-market-report#request_sample
Car Steering Wheel Market News
• Ferrari outlines the 499P Hypercar's steering wheel development (April 2023)
Development of the steering wheel took about a year and a half, with a team of 10 working to create a final version, complete with touch controls, levers, and a central screen. Test drivers were then used by the OEM to ensure the layout was ergonomically correct and that all the systems worked as they should.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Car Steering Wheel Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Car Steering Wheel Market Segmentation
1.5.1 Car Steering Wheel Market Regional Fragmentation
1.5.1 Car Steering Wheel Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Car Steering Wheel Market
Chapter 4 Global Car Steering Wheel Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Car Steering Wheel Market by Vehicle Type Segmentation Analysis (2018-2030)
Chapter 10 Global Car Steering Wheel Market by Sales Channel Segmentation Analysis (2018-2030)
Chapter 11 Global Car Steering Wheel Market by Technology Segmentation Analysis (2018-2030)
Chapter 12 Global Car Steering Wheel Market by Material Segmentation Analysis (2018-2030)
Chapter 13 Global Car Steering Wheel Market Regional Analysis
Chapter 14 North America Car Steering Wheel Market Outlook (2018 - 2030)
Chapter 15 Europe Car Steering Wheel Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Car Steering Wheel Market Outlook (2018 - 2030)
Chapter 17 Latin America Car Steering Wheel Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Car Steering Wheel Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more Car Steering Wheel Market TOC click here: https://www.cognitivemarketresearch.com/car-steering-wheel-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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