‘Automotive Steering Wheel Market to become US$ 3.6 billion opportunity in 2022’– Stratview Research Market Report
This report, from Stratview Research, studies the steering wheel market in the global automotive industry over the period 2017 to 2022.
(EMAILWIRE.COM, February 27, 2019 )
As per the latest market intelligence report published by Stratview Research, the Automotive Steering Wheel Market is anticipated to reach at US$ 3.6 billion by 2022.
The research studies Automotive Steering Wheel Market in the trend period of 2011 to 2016 and forecasted period of 2017 to 2022 under four segments 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
The study finds –
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.
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.
The passenger vehicle is expected to remain the most dominant vehicle type during the forecast period.
Click here to read the detailed description: https://www.stratviewresearch.com/133/automotive-steering-wheel-market.html
Go through the TOC: https://www.stratviewresearch.com/toc/133/automotive-steering-wheel-market.html
Automotive Steering Wheel Market: Highlights
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.
The global automotive steering wheel market is segmented based on vehicle type: passenger car, light commercial vehicle, and medium & heavy-duty commercial vehicle. 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.
As per the latest market intelligence report published by Stratview Research, the Automotive Steering Wheel Market is anticipated to reach at US$ 3.6 billion by 2022.
The research studies Automotive Steering Wheel Market in the trend period of 2011 to 2016 and forecasted period of 2017 to 2022 under four segments 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
The study finds –
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.
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.
The passenger vehicle is expected to remain the most dominant vehicle type during the forecast period.
Click here to read the detailed description: https://www.stratviewresearch.com/133/automotive-steering-wheel-market.html
Go through the TOC: https://www.stratviewresearch.com/toc/133/automotive-steering-wheel-market.html
Automotive Steering Wheel Market: Highlights
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.
The global automotive steering wheel market is segmented based on vehicle type: passenger car, light commercial vehicle, and medium & heavy-duty commercial vehicle. 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.
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