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(I-AutoNewsWire.com, December 19, 2018 )
Stratview Research announces the launch of a new research report on Automotive Steering Wheel Market. This extensive report from Stratview Research, studies Automotive Engine Oil Pan 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.
This Automotive Steering Wheel Market analysis has been segmented in five ways, keeping in mind the interest of all the stakeholders across the value chain.
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle)- The passenger vehicle is expected to remain the most dominant vehicle type.
• By Material Type (Polyurethane, Leather, Wood)
• By Wheel Diameter (Small, Medium, Large)- Small diameter size is projected to witness the fastest growth.
• By Technology Type (Normal Steering Wheel, Control Embedded Steering Wheel)- The normal steering wheel is projected to remain the most dominant technology type.
• By Region (North America, Europe, Asia-Pacific, Rest of the World)- Asia-Pacific is projected to remain the largest automotive steering wheel market.
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Automotive Steering Wheel Market Insights
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.
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. 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.
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
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com
Source: EmailWire.com
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