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This report, from Stratview Research, studies the steering wheel market in the global automotive industry over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market.
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Presents a Research Report on Automotive Steering Wheel Market Global Automotive Steering Wheel Market by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy Duty Commercial Vehicle), by Wheel Diameter Type (Small, Medium and Large), by Technology Type (Normal Steering Wheel, and Control Embedded Steering Wheel), by Material Type (Polyurethane, Leather, and Wood), and by Region (North America, Europe, Asia-Pacific and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017 – 2022 sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence
Automotive Steering Wheel Market Growth and Forecast Highlights & Drivers The global automotive steering wheel market was valued at US$ 2.7 billion in 2016 and is projected to grow at a healthy CAGR of 4.7% CAGR over the next five years to reach US$ 3.6 billion in 2022. • 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. • 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. • www.stratviewresearch.com 2
Market Insights By Vehicle Type • 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. By Steering Diameter Size • 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. By Technology Type • 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. www.stratviewresearch.com 3
Market Insights By Region • 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. www.stratviewresearch.com 4
Competitive Insights Advancement in technology, wide geographical presence, long-term contracts with customers are the key strategies adopted by the key players to gain a competitive edge in the market. Key Companies Analysed • Continental AG • Delphi Automotive Plc • Denso Corporation • MicroVision Inc. • Nippon Seiki Co., Ltd • Panasonic Corporation • Pioneer Corporation • Robert Bosch GmbH • Visteon Corporation • Yazaki Corporation www.stratviewresearch.com 5
Research Methodology Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. Stratview Research Internal Knowledgebase Secondary Research Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others Data Analysis (Top Down and Bottom Up Approach) Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) www.stratviewresearch.com 6
Report Features This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: Market structure: Overview, industry life cycle analysis, supply chain analysis. • • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors. • www.stratviewresearch.com 7
Market Segmentation By Vehicle Type • Passenger Car • Light-Duty Commercial Vehicle • Medium- & Heavy-Duty Commercial Vehicle By Wheel Diameter Type • Small • Medium • Large By Technology Type • Normal Steering Wheel • Control Embedded Steering Wheel www.stratviewresearch.com 8
Market Segmentation By Material Type • Polyurethane • Leather • Wood By Region • North America (Country Analysis: The USA, Canada & Mexico) • Europe (Country Analysis: Germany, France, the UK, Italy, Russia and Rest of Europe) • Asia-Pacific (Country Analysis: China, Japan, South Korea, India and Rest of Asia-Pacific) • Rest of the World (Country Analysis: Brazil, Argentina and Others) www.stratviewresearch.com 9
About Stratview Research Stratview Research is a global market intelligence firm providing high quality syndicated reports, custom research and consulting services. Our Services Why Us? High Customer Delight Market Reports Rich Industry Experience Advisory & Consulting Robust Methodology Custom Research Effective Business Decisions www.stratviewresearch.com 10
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