Automotive Steering Wheel Market forecasted to reach US$ 3.6 billion in 2022
The report on Automotive Steering Wheel Market is a study offering rich insights on the market opportunities, trends, forecasts, and competitive analysis.
(EMAILWIRE.COM, January 22, 2019 )
Stratview Research has launched a research report on Automotive Steering Wheel Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Automotive Steering Wheel Market from 2017 to 2022.
This report is segmented in five ways to provide a 360-degree holistic view. The segments are –
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle)
• By Material Type (Polyurethane, Leather, Wood)
• By Wheel Diameter (Small, Medium, Large)
• By Technology Type (Normal Steering Wheel, Control Embedded Steering Wheel)
• By Region
o North America (Country Analysis: The USA, Canada, and Mexico)
o Europe (Country Analysis: France, Germany, the UK, Italy, Russia, and Rest of Europe)
o Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
o Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Stratview Research has presented the study of Automotive Steering Wheel Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Autoliv Inc., Takata Corporation, ZF TRW Automotive Holdings Corp., Key Safety Systems Inc., Nihon Plast Co., Ltd., and Tokai Rika Co. are the well-known steering wheel manufacturers in the automotive industry.
Go through the detailed scope: https://www.stratviewresearch.com/toc/133/automotive-steering-wheel-market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/133/automotive-steering-wheel-market.html
Increasing demand of steering wheels in automotive industry
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 market
Based on region, the global automotive steering wheel market is segmented into North America, Europe, Asia-Pacific and Rest of the World. 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.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research has launched a research report on Automotive Steering Wheel Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Automotive Steering Wheel Market from 2017 to 2022.
This report is segmented in five ways to provide a 360-degree holistic view. The segments are –
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle)
• By Material Type (Polyurethane, Leather, Wood)
• By Wheel Diameter (Small, Medium, Large)
• By Technology Type (Normal Steering Wheel, Control Embedded Steering Wheel)
• By Region
o North America (Country Analysis: The USA, Canada, and Mexico)
o Europe (Country Analysis: France, Germany, the UK, Italy, Russia, and Rest of Europe)
o Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
o Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Stratview Research has presented the study of Automotive Steering Wheel Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Autoliv Inc., Takata Corporation, ZF TRW Automotive Holdings Corp., Key Safety Systems Inc., Nihon Plast Co., Ltd., and Tokai Rika Co. are the well-known steering wheel manufacturers in the automotive industry.
Go through the detailed scope: https://www.stratviewresearch.com/toc/133/automotive-steering-wheel-market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/133/automotive-steering-wheel-market.html
Increasing demand of steering wheels in automotive industry
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 market
Based on region, the global automotive steering wheel market is segmented into North America, Europe, Asia-Pacific and Rest of the World. 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.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Contact Information:
Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results