Market Overview:
The global steering wheel control button market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. Additionally, rising awareness about safety features in automobiles is also propelling the growth of this market. The global steering wheel control button market can be segmented on the basis of type into split type and modular type. The split type segment is expected to hold a larger share of the global steering wheel control button market than the modular type segment duringthe forecast period from 2018 to 2030. This can be attributedto its low installation cost and easy installation process as compared to modular typescontrol buttons.
Product Definition:
The Steering Wheel Control Button is a button that is used to control various functions of the car. It can be used to control the radio, climate control, and other features. The importance of this button is that it allows the driver to keep their hands on the wheel while they are driving. This can be helpful in ensuring that they are able to stay safe while operating the car.
Split Type:
The steering wheel control button is a small device that is mounted on the steering column and it helps in controlling various devices connected to the car radio, music system or even air-conditioning. The market for these buttons has been witnessing significant growth over the past few years owing to growing consumer preference towards advanced electronic gadgets.
Technological advancements have led to an increase in sales of these buttons as they offer better comfort.
Modular Type:
Modular type is a technology that allows the connection of different components through an interface, which can be plugged into the controller or console of a vehicle. It offers better connectivity and flexibility to users as compared to other interfaces such as Bluetooth and AUX. The system has gained popularity in recent years owing to its ability to allow multiple devices to be used with one device instead of having several dedicated devices for single functions.
Application Insights:
The commercial vehicle segment dominated the global steering wheel control button market in terms of revenue share in 2017. The segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to rising demand for trucks, buses and coaches from various end-use industries such as automotive, construction and transportation among others.
The passenger vehicle segment is also anticipated to witness significant growth over the forecast period due to increasing demand for cars and light commercial vehicles among other segments such as LCVs, HCVs and heavy Commercial Vehicles (HCVs). LCV sales are witnessing high growth globally on account of increasing consumer disposable income coupled with growing awareness regarding affordable products amongst emerging middle-class groups across developing countries including China, India & Brazil which eventually boosts product adoption across these regions.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for automobiles on account of rising disposable income, changing lifestyle, and growing population. Moreover, countries such as China and India are experiencing a surge in industrialization owing to cheap labor costs that attract various manufacturing companies to set up their production units in these countries. This has led to an increase in demand for trucks/lorries across this region which is anticipated to further boost product adoption over the next eight years.
Growth Factors:
- Increasing demand for luxury cars
- Rising disposable income of consumers
- Technological advancements in steering wheel control buttons
- Growing popularity of electric and hybrid vehicles
- Proliferation of online sales channels
Scope Of The Report
Report Attributes
Report Details
Report Title
Steering Wheel Control Button Market Research Report
By Type
Split Type, Modular Type
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Valeo, ZF, Panasonic, Orman, Alps, TOYODENSO, Changjiang Automobile, LS Automotive, Delphi, Marquardt, Leopold Kostal, Tokai Rika, Zhejiang Senxing Auto Parts, Yangming Auto Parts
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Steering Wheel Control Button Market Report Segments:
The global Steering Wheel Control Button market is segmented on the basis of:
Types
Split Type, Modular Type
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 Vehicle, Commercial Vehicle
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:
- Valeo
- ZF
- Panasonic
- Orman
- Alps
- TOYODENSO
- Changjiang Automobile
- LS Automotive
- Delphi
- Marquardt
- Leopold Kostal
- Tokai Rika
- Zhejiang Senxing Auto Parts
- Yangming Auto Parts
Highlights of The Steering Wheel Control Button 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:
- Split Type
- Modular Type
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- 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 Steering Wheel Control Button 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?
The steering wheel control button is a small, round button on the center console of some cars. When you press it, the car's computer turns the wheel in the direction you pressed it.
Some of the major players in the steering wheel control button market are Valeo, ZF, Panasonic, Orman, Alps, TOYODENSO, Changjiang Automobile, LS Automotive, Delphi, Marquardt, Leopold Kostal, Tokai Rika, Zhejiang Senxing Auto Parts, Yangming Auto Parts.
The steering wheel control button market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Steering Wheel Control Button 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 Steering Wheel Control Button Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Steering Wheel Control Button 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 Steering Wheel Control Button 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 Steering Wheel Control Button Market Size & Forecast, 2020-2028
4.5.1 Steering Wheel Control Button Market Size and Y-o-Y Growth
4.5.2 Steering Wheel Control Button Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Split Type
5.2.2 Modular Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Steering Wheel Control Button 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 Steering Wheel Control Button 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Split Type
9.6.2 Modular Type
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 Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Split Type
10.6.2 Modular Type
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 Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Split Type
11.6.2 Modular Type
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 Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Split Type
12.6.2 Modular Type
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 Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Split Type
13.6.2 Modular Type
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) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
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 Steering Wheel Control Button Market: Competitive Dashboard
14.2 Global Steering Wheel Control Button Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Valeo
14.3.2 ZF
14.3.3 Panasonic
14.3.4 Orman
14.3.5 Alps
14.3.6 TOYODENSO
14.3.7 Changjiang Automobile
14.3.8 LS Automotive
14.3.9 Delphi
14.3.10 Marquardt
14.3.11 Leopold Kostal
14.3.12 Tokai Rika
14.3.13 Zhejiang Senxing Auto Parts
14.3.14 Yangming Auto Parts
