Beige Market Intelligence Forecasts Dynamic Shift in the Automotive Steering Roll Connectors Market

Worldwide Automotive Steering Roll Connector Market to ship

more than 110 million units by 2021

“Automotive Steering Roll Connector Market” is a new report recently published by Beige Market

intelligence with a worldwide coverage as well as a segmentation by end market (OEM, after

market) by vehicle type (passenger cars, light commercial vehicles, heavy commercial vehicles) and

by geography (APAC, Europe, Latin America, Middle East and Africa, and North America). The market

research report provides growth trends, analysis and forecasts for the period 2016 – 2021 and

predicts the market to ship more than 110 million units of automotive steering roll connectors by

2021.

The adoption of infotainment systems across all categories of vehicles is something that is expected

to be a key driver for the Automotive Steering Roll Connector market. Almost all models of vehicles

today are offering an infotainment system as a standard equipment with the vehicle. The basic

functionalities that would be included in an infotainment system include a radio and an auxiliary

player. The controls to manage these features would be present on a steering wheel thereby

necessitating the need for an automotive steering roll connector.

North America to Contribute to more than 30 percent of the Automotive Steering Roll Connector

Market in 2021

As is the case across the globe, North America too has been seeing a rise in the number of vehicles

that are adopting infotainment systems. These infotainment systems play a major role for the

demand of automotive steering roll connectors since the infotainment systems require controls to

be present on the steering wheel. Something unique to North America however is the penetration

of hybrid and electric vehicles. North America will become one of the largest markets for hybrid

vehicles and electric vehicles. As the number of electric and hybrid powertrain based vehicles

increases, the demand for advanced electronics is expected to grow. It is observed that most

advanced safety and convenience features come as a standard fitment among hybrid and electric

vehicles, which indicates the use of more number steering mounted controls in such vehicles leading

to increasing importance of SRC among such vehicles. North America is expected to contribute to

more than 30 percent of the Automotive Steering Roll Connector market by 2021.

Automotive Steering Roll Connectors will be used Primarily by Passenger cars in 2021

Passenger cars in comparison to light commercial vehicles and heavy commercial vehicles are

produced more in number and also have a higher penetration rate in terms of infotainment systems

that are present in these vehicles. Almost all models have some infotainment system today which

necessitates the need for an automotive steering roll connector. By 2020, almost all vehicles will

require a steering roll connector especially with the onset of connected cars in the market. More

than 75 percent of those vehicles with an automotive steering connector will be a passenger vehicle

by 2021.

Automotive Steering Roll Connector Market in the Aftermarket segment to grow at a CAGR of

10.13 percent during 2015-2021

The automotive aftermarket is witnessing a structural shift with changes in the entire value chain

especially when in the past, the aftermarket largely revolved around component suppliers in the

secondary market and body or service shops. However, the industry is witnessing a new channel to

the market which is e-commerce. An increasing number of the customer base is shifting to online

purchase of replacement components and a new trend of “DIY” is emerging where customers are

conducting basic repairs or replacement themselves rather going to body shops. This trend is

evident, as various OEMs are increasing their interest in online retailers. For instance, Michelin in

2015 acquired French online retailer Allopneus and UK based Blackcircles to increase its presence in

e-commerce tire market.

For information or to request for a sample of this report, please go to http://www.beigemarketintelligence.com/reports/research-report-automotive-and-transportation-market/steering-roll-connectors/

Competition among Vendors

Companies mentioned in the report are as follows; Angotan, Buick, Cherry Motors, Chrysler Motors,

Daesung, Daihatsu Motors, Daimler, General Motors, Great Wall Motors, Holden, Honda Motors.,

Hyundai Motors, Hyundai Motors, JAC Motors, KIA Motors, Lear Corporation, Leoni, Mando, Mazda

Motors, Minda Corp., Mitsubishi, Nissan Motors, Nissan Motors, Proton, Renault, TATA Motors,

Toyota Motors, TRW Automotive, Tyco Electronics, Volkswagen and Yazaki.

Beige Market Intelligence: We are a new-age provider of competitive business intelligence, working across various industry verticals. Our expertise and knowledge ensures that the market analysis Beige provides is comprehensive, detailed and complete. The analysis helps our client organizations become aware and make educated decisions, as far as investing or devising a marketing strategy is concerned. The actionable insights delivered through our market research provide a comprehensive market analysis for every level of market segmentation in an industry. Beige Market Intelligence is a quality driven high end Market Research organization. Our team of experts ensure the analysis you receive is not just analyzed and smartly presented, but is completely customized based on the client’s requirement. Our deliverables guarantee our current global client base does not look beyond Beige when it comes to any kind of industry and market analysis.

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This release was published on openPR.