Market Overview:
The global automotive steering wheel parts market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. On the basis of type, the global automotive steering wheel parts market has been segmented into steering cover, steering wheel ring, steering wheel spacer and others. The Others segment includes horn button, airbag module and other components. Steering cover held a dominant share in the global automotive steering wheel parts market in 2017 and is anticipated to retain its dominance throughout the forecast period. This can be attributed to its growing demand as it enhances aesthetics of a vehicle’s interior cabin. On the basis of application, passenger cars accounted for majority share in 2017 and is expected to maintain its dominance during forecast period owing to increase in sales of passenger cars globally.
Product Definition:
An automotive steering wheel is the part of a car or other vehicle that the driver uses to steer. The automotive steering wheel is connected to the front axle and allows the driver to change the direction in which the car moves.
Steering Cover:
The steering wheel is an essential part of the vehicle steering mechanism. It has a significant impact on safety and comfort in vehicles. The design of the wheel depends upon two major factors, which are vehicle type and driver preference. Over the years, there have been numerous developments in terms of materials used for manufacturing wheels; however, aluminum remains to be a preferred material owing to its lightweight property.
Aluminum Steering Wheel: This material is lightweight.
Steering Wheel Ring:
The steering wheel ring is a circular device that is attached to the steering wheel and it helps in rotating the front wheels of a vehicle. It has an inner diameter of about 6-7 inches and outer diameter of about 2-3 inches. The thickness varies with different vehicles but it should be thick enough to go around the knuckle or rim of a steering wheel.
Application Insights:
Passenger cars accounted for a major share in the global automotive steering wheel parts market, accounting for over 60.0% in 2017. The demand is expected to be driven by rising sales of passenger cars across various regions, including Asia Pacific and Europe. In addition, increasing penetration of smartphones has led to an increase in the number of app downloads which has positively influenced the growth as well as adoption rate of smart devices across all age groups globally. This factor is projected to have a positive impact on overall industry growth during the forecast period.
The commercial vehicles segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to increased utilization steerable wheels among heavy trucks and buses for improved maneuverability while parking or maneuvering within narrow spaces especially on roadsides or highways where space is limited around buildings and bridgesides. Moreover, these wheels are also used by several other vehicle types such as fire engines; marine vessels; farm trucks etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% of the total revenue in 2017 owing to high demand from developing countries such as India, China, and Japan. Moreover, increasing automobile production coupled with rising disposable income will drive growth further.
Europe was estimated at USD X billion in 2017 and is anticipated to witness significant growth over the forecast period on account of growing automotive industry coupled with stringent regulations regarding fuel economy of vehicles driven by consumers across European countries including Germany, France Italy among other Eastern & Central European Countries). North America also held a considerable market share due to increased demand from U.S., Canada among other nations within this region that are characterized by high purchasing power parity as compared to most Latin American nations).
Growth Factors:
- Increasing demand for luxury and premium cars
- Rising disposable income of consumers in developing countries
- Technological advancements in steering wheel parts manufacturing process
- Growing popularity of electric and hybrid vehicles
- Stringent safety norms for automotive components
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Steering Wheel Parts Market Research Report
By Type
Steering Cover, Steering Wheel Ring, Sreering Wheel Spacer, Others
By Application
Passenger Cars, Commercial Vehicles
By Companies
Gibbs Die Casting (USA), Guardian Industries (USA), Ichiei Industry (Japan), KITADA KINZOKU KOGYOSYO (Japan), Teksid (Italy), Tendo Mokko (Japan), IGB Automotive (Canada), TAC Manufacturing (USA), TG Missouri (USA), Vehicle Improvement Products (USA)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Steering Wheel Parts Market Report Segments:
The global Automotive Steering Wheel Parts market is segmented on the basis of:
Types
Steering Cover, Steering Wheel Ring, Sreering Wheel Spacer, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Gibbs Die Casting (USA)
- Guardian Industries (USA)
- Ichiei Industry (Japan)
- KITADA KINZOKU KOGYOSYO (Japan)
- Teksid (Italy)
- Tendo Mokko (Japan)
- IGB Automotive (Canada)
- TAC Manufacturing (USA)
- TG Missouri (USA)
- Vehicle Improvement Products (USA)
Highlights of The Automotive Steering Wheel Parts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Steering Cover
- Steering Wheel Ring
- Sreering Wheel Spacer
- Others
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Steering Wheel Parts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive steering wheel parts are the various components that make up a car's steering wheel. These parts include the spokes, hub, and rim.
Some of the major companies in the automotive steering wheel parts market are Gibbs Die Casting (USA), Guardian Industries (USA), Ichiei Industry (Japan), KITADA KINZOKU KOGYOSYO (Japan), Teksid (Italy), Tendo Mokko (Japan), IGB Automotive (Canada), TAC Manufacturing (USA), TG Missouri (USA), Vehicle Improvement Products (USA).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Steering Wheel Parts Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Automotive Steering Wheel Parts Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automotive Steering Wheel Parts Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Automotive Steering Wheel Parts Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Automotive Steering Wheel Parts Market Size & Forecast, 2018-2028 4.5.1 Automotive Steering Wheel Parts Market Size and Y-o-Y Growth 4.5.2 Automotive Steering Wheel Parts Market Absolute $ Opportunity
Chapter 5 Global Automotive Steering Wheel Parts Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Steering Wheel Parts Market Size Forecast by Type
5.2.1 Steering Cover
5.2.2 Steering Wheel Ring
5.2.3 Sreering Wheel Spacer
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Steering Wheel Parts Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Steering Wheel Parts Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Steering Wheel Parts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Steering Wheel Parts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Steering Wheel Parts Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Steering Wheel Parts Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Steering Wheel Parts Market Size Forecast by Type
9.6.1 Steering Cover
9.6.2 Steering Wheel Ring
9.6.3 Sreering Wheel Spacer
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Steering Wheel Parts Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Steering Wheel Parts Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Steering Wheel Parts Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Steering Wheel Parts Market Size Forecast by Type
10.6.1 Steering Cover
10.6.2 Steering Wheel Ring
10.6.3 Sreering Wheel Spacer
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Steering Wheel Parts Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Steering Wheel Parts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Steering Wheel Parts Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Steering Wheel Parts Market Size Forecast by Type
11.6.1 Steering Cover
11.6.2 Steering Wheel Ring
11.6.3 Sreering Wheel Spacer
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Steering Wheel Parts Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Steering Wheel Parts Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Steering Wheel Parts Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Steering Wheel Parts Market Size Forecast by Type
12.6.1 Steering Cover
12.6.2 Steering Wheel Ring
12.6.3 Sreering Wheel Spacer
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Steering Wheel Parts Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Steering Wheel Parts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Steering Wheel Parts Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Steering Wheel Parts Market Size Forecast by Type
13.6.1 Steering Cover
13.6.2 Steering Wheel Ring
13.6.3 Sreering Wheel Spacer
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Steering Wheel Parts Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Steering Wheel Parts Market: Competitive Dashboard
14.2 Global Automotive Steering Wheel Parts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gibbs Die Casting (USA)
14.3.2 Guardian Industries (USA)
14.3.3 Ichiei Industry (Japan)
14.3.4 KITADA KINZOKU KOGYOSYO (Japan)
14.3.5 Teksid (Italy)
14.3.6 Tendo Mokko (Japan)
14.3.7 IGB Automotive (Canada)
14.3.8 TAC Manufacturing (USA)
14.3.9 TG Missouri (USA)
14.3.10 Vehicle Improvement Products (USA)