Automotive Steering Wheel Market Trends To 2024
The automotive steering wheel market in India is largely influenced by the dynamics of the automotive sector. The rapidly growing middle-class population along with the improving spending power of consumers is stoking the growth of the automotive industry. Furthermore, the growing investments by international players and government initiatives such as “Make in India” are promoting the development of the sector. These factors, in turn, have a direct impact on the market. Continuous improvement in design and technology incorporated in steering wheels is shaping the future of the market. The India automotive steering wheel market is anticipated to reach a valuation of INR 1,214.6 Cr by 2023, progressing at a CAGR of 7.1% between 2015 and 2023.
To Get Sample Of the Reports @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13661
India Automotive Steering Wheel Market: Drivers and Restraints
The escalating demand for commercial and passenger vehicles is translating into the greater uptake of automotive steering wheels. The growing emphasis on fulfilling safety needs of consumers is fuelling the market. Moreover, global automobile manufacturers such as General Motors and Fiat are upping their investments to set up new production facilities across the country, which in turn is working in favor of the market.
The protean fuel prices, stringent initiatives such as transportation demand management (TDM) to curtail car congestion and cut down CO2 emissions, and unfavorable tax policies are adversely affecting the automotive sector, thereby hampering the growth prospects of the India automotive steering wheel market.
India Automotive Steering Wheel Market: Segmentation
Based on application, the India automotive steering wheel market is categorized into passenger car, light commercial vehicle, farm vehicle, and heavy commercial vehicle. Passenger car is the leading segment in terms of revenue. The improving Indian economy and widening base of middle-class population along with the rising disposable income are stimulating the demand for passenger cars.
On the basis of technology, the market is divided into normal steering wheels and control-embedded steering wheels. Both of these segments are further categorized into with airbag and without airbag. Normal steering wheels without airbags dominated the market, owing to the burgeoning demand from the light and medium commercial vehicles sector. The controls-embedded steering wheels with airbags segment is estimated to rise at a significant CAGR during the forecast period. The growth of the segment can be attributed to the increasing demand for high-end passenger cars and rising awareness regarding vehicle safety among drivers.
India Automotive Steering Wheel Market: Competitive Landscape
The India automotive steering wheel market is fairly consolidated in nature. The strong foothold of key players can be attributed to the increasing mergers and acquisition activities and continuous development of new products. Players are allocating sizeable funds to research and development activities to launch innovative and technologically advanced steering wheels, which will help them in enhancing the visibility of the market. Some of the key companies operating in the market are Toyoda Gosei Co Ltd., TRW Sun Steering Wheels Pvt. Ltd., Autoliv, Rane TRW, and Takata Corporation.
To Get Full Detail of The Reports @ http://www.transparencymarketresearch.com/india-automotive-steering-wheel-market.html
This report gives you access to decisive data such as:
• Market growth drivers
• Factors limiting market growth
• Current market trends
• Market structure
• Market projections for the coming years
Key highlights of this report
• Overview of key market forces propelling and restraining market growth
• Up-to-date analyses of market trends and technological improvements
• Pin-point analyses of market competition dynamics to offer you a
• An analysis of strategies of major competitors
• An array of graphics and SWOT analysis of major industry segments
• Detailed analyses of industry trends
• A well-defined technological growth map with an impact-analysis
• Offers a clear understanding of the competitive landscape and key product segments
To Get Discount Of the Report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=13661
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
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 Trends To 2024 here
News-ID: 496058 • Views: 1112
More Releases from TMR
Latest TMR Report Explores Impact of COVID-19 Outbreak on Intelligent Pumps Mark …
With a massive pool of small, medium, and large participants, the global intelligent pumps market demonstrates a highly fragmented business landscape. The market comprises of both, international and local players in large numbers, which intensify the competition within it. To sustain this competition, leading players are resorting to strategic alliances with smaller players. Goulds Pumps, Grundfos Holding A/S, QuantumFlo Inc., Alfa Laval, and Kirloskar Brothers Ltd. are some of the key participants
Latest TMR Report Explores Impact of COVID-19 Outbreak on Smart Mining Market
Transparency Market Research states that key players operating in the global smart mining market are likely to make significant investments in research and development. Market players are expected to focus on development and launch of new products, profitable partnerships, and consistent efforts toward expanding their product portfolio. Some of the leading companies in the global market are ABB Ltd., Atlas Copco, Caterpillar Inc., Hitachi Construction Machinery Co., Ltd., Joy Global Inc., and
Latest TMR Report Explores Impact of COVID-19 Outbreak on Rooftop Solar PV Marke …
Rooftop solar PV offers an efficient, emission-free renewable source of electricity which can be used off-grid as well as on-grid. Rooftop solar PV offers an effective and efficient method for reducing carbon footprint and generating electricity from solar radiation. The market for rooftop solar PV has been rapidly increasing with the support of government subsidies and tax credits. The rooftop solar PV market have attracted large number of equity investments and funding.
BOTTLED CRAFT BEER MARKET WITH (COVID-19) IMPACT ANALYSIS: GROWTH, LATEST TREND …
Bottled Craft Beer Market – Increasing Emphasis on Quality Flavor and Brewing Technique Craft beer is made in small breweries in a traditional manner. Craft beer were initially produced in small batched for brewpubs. Due to its acceptance and increase in demand, craft beer is now filled in bottles and not limited to brewpubs. Consumer habits are constantly evolving and to cater their needs, several companies are launching bottled craft beer in
More Releases for India
IVF India, Test Tube baby India
The aim of setting up KJIVF is to help infertile couples in achieving conception through modern diagnostic and treatment methods. KJIVF Centre has given the best results by blessing infertile couples of advanced age with children, these couples could never dream of becoming parents. Thousands of babies are conceived through in-vitro fertilization (IVF) each year; In-Vitro Fertilization (IVF) means fertilization outside the body. A baby developed from an egg that
Beach Holiday India- Best Beaches in India
The natural beauty, exotic locations and rich heritage has helped India to stand as the most visited and most popular tourist spot in the world. The status of “Incredible India”, is defined by an incredible range of nature’s blessings on the Indian subcontinent and this incredibility is doubled by one of the most fabulous tourism option available in the country that are the brilliant and majestic beaches in India.
ISO 27001 India, 27001 training India ISO
Coral eSecure is information Risk Management advisory with specific focus on Information Security (ISO 27001, ISO 17799, PCI, COBIT, HIPAA, GLBA, and DPA), Business Continuity (BS25999) and ITIL/ IT Service Management (ISO 20000). Coral is the FIRST Indian consulting organization which provides an Integrated Management System Consulting, Consisting of ISO 27001, ISO 20000 and BS25999 – ALL THREE IN ONE! Coral provides Consulting, Assurance audit and Training to address these
Interior Designers India, Designers and Architects India
Today, we have recognized ourselves as a booming beauty interior designing firm, offering services that include interior designing. We are a winning firm, which is based on the strong foundation of innovative and original ideas for interior, architectural and landscaping designing services. Synergy Corporate Interior Design Association has more corporate members. Who provide Products and services. We support Interior Designers India, Designers and Architects India. We are committed to the
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will
ISO 27001 india, 27001 training india ISO, 17799 training india ISO, Compliance …
Our foundation of service delivery is based on sound research - thereby customers realizing definitive delight and Assurance resilience in their management system. We provide Consulting Services for ISO 27001 india, 27001 training india ISO,17799 training India ISO Security, BCM/BS25999, SAS 70, COBIT Implementation, Annual Compliance Check, Best Practices Implementation, & Quick Gap Analysis. It is a set of ‘best practices’ controls - management and systems - that enables