Market Overview:
The global steering wheel for car 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% during the forecast period. The market growth can be attributed to the increasing demand for passenger cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and farm vehicles across the globe. In addition, the growing awareness about safety features in automobiles is also propelling the demand for steering wheels globally. On the basis of type, polyurethane steering wheels are expected to account for a major share of the global market during 2018-2030. This can be attributed to their superior properties such as durability and resistance against wear & tear as compared with other types of steering wheels available in the market. Leather steering wheels are also anticipated to witness significant growth during 2018-2030 owing to their luxurious appearance and enhanced grip levels offered over other types of materials used in manufacturing steerings wheels. Based on application, passenger cars are expected to dominatethe globalmarket throughoutthe forecast period followed by LCVsand HCVs segments respectively .This can be primarily ascribedto rising disposable incomes coupled with an increasein urbanization ratesacrossvarious regions worldwide .
Product Definition:
A steering wheel is a type of steering control in vehicles and vessels. It is the part of the steering system that is manipulated by the driver to change direction of travel.
Polyurethane Steering Wheel:
Polyurethane (PU) steering wheel is a type of plastic that is widely used in the automotive industry. It has high impact resistance, good surface finish, and low water absorption. The growth factor for this market is its ability to be molded into various shapes and sizes as per requirement which makes it suitable for steering wheels of cars.
Leather Steering Wheel:
The leather steering wheel is a traditional element of luxury cars. It is made from real leather and has better grip than any other material. The steering wheel in a car is used by the driver to steer the vehicle while driving.
Application Insights:
Passenger car application dominated the global steering wheels for car market with a share of over 60.0% in 2017. The demand is majorly driven by rising income levels across the globe, especially in emerging economies such as China and India. Furthermore, increasing sales of passenger cars as a result of low-cost carriers influencing consumers to buy more affordable vehicles is expected to drive growth over the forecast period.
LCV application segment was estimated at USD 1,227.5 million in 2017 owing to high utilization rates and growing industrialization across developing countries including China and India which are majorly manufacturing-based economies that rely on exports for their economic growth.
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, government initiatives encouraging people to buy electric vehicles are anticipated to further drive the regional market growth.
Europe was estimated at USD X million in 2017 owing to high demand from passenger cars and light commercial vehicles (LCVs) application segments in Europe countries such as Germany, U.K., Italy, France among others are expected drive growth over next eight years till 2030 timeframe).
Growth Factors:
- Increasing demand for luxury cars
- Rising disposable income of the middle-class population
- Technological advancements in steering wheel design and functionality
- Growing popularity of car rental and leasing services
- Proliferation of online automotive retailing
Scope Of The Report
Report Attributes
Report Details
Report Title
Steering Wheels for Car Market Research Report
By Type
Polyurethane Steering Wheel, Leather Steering Wheel, Wooden Steering Wheel, Other
By Application
Passenger Car, LCV, HCV, Farm Vehicle
By Companies
Toyoda Gosei, Autoliv, ZF Friedrichshafen, Rane TRW, Joyson Safety Systems, Emdet Engineer, KSS Abhishek, Momo
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Steering Wheels for Car Market Report Segments:
The global Steering Wheels for Car market is segmented on the basis of:
Types
Polyurethane Steering Wheel, Leather Steering Wheel, Wooden Steering Wheel, Other
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 Car, LCV, HCV, Farm 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:
- Toyoda Gosei
- Autoliv
- ZF Friedrichshafen
- Rane TRW
- Joyson Safety Systems
- Emdet Engineer
- KSS Abhishek
- Momo
Highlights of The Steering Wheels for Car 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:
- Polyurethane Steering Wheel
- Leather Steering Wheel
- Wooden Steering Wheel
- Other
- By Application:
- Passenger Car
- LCV
- HCV
- Farm 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 Wheels for Car 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?
A steering wheel is a device that helps drivers control the direction of a car. It is typically located on the driver's side of the vehicle.
Some of the key players operating in the steering wheels for car market are Toyoda Gosei, Autoliv, ZF Friedrichshafen, Rane TRW, Joyson Safety Systems, Emdet Engineer, KSS Abhishek, Momo.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Steering Wheels for Car 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 Wheels for Car Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Steering Wheels for Car 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 Wheels for Car 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 Wheels for Car Market Size & Forecast, 2020-2028
4.5.1 Steering Wheels for Car Market Size and Y-o-Y Growth
4.5.2 Steering Wheels for Car 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 Polyurethane Steering Wheel
5.2.2 Leather Steering Wheel
5.2.3 Wooden Steering Wheel
5.2.4 Other
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 Car
6.2.2 LCV
6.2.3 HCV
6.2.4 Farm Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Steering Wheels for Car 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 Wheels for Car 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 Polyurethane Steering Wheel
9.6.2 Leather Steering Wheel
9.6.3 Wooden Steering Wheel
9.6.4 Other
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 Car
9.10.2 LCV
9.10.3 HCV
9.10.4 Farm 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 Polyurethane Steering Wheel
10.6.2 Leather Steering Wheel
10.6.3 Wooden Steering Wheel
10.6.4 Other
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 Car
10.10.2 LCV
10.10.3 HCV
10.10.4 Farm 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 Polyurethane Steering Wheel
11.6.2 Leather Steering Wheel
11.6.3 Wooden Steering Wheel
11.6.4 Other
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 Car
11.10.2 LCV
11.10.3 HCV
11.10.4 Farm 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 Polyurethane Steering Wheel
12.6.2 Leather Steering Wheel
12.6.3 Wooden Steering Wheel
12.6.4 Other
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 Car
12.10.2 LCV
12.10.3 HCV
12.10.4 Farm 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 Polyurethane Steering Wheel
13.6.2 Leather Steering Wheel
13.6.3 Wooden Steering Wheel
13.6.4 Other
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 Car
13.10.2 LCV
13.10.3 HCV
13.10.4 Farm 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 Wheels for Car Market: Competitive Dashboard
14.2 Global Steering Wheels for Car Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toyoda Gosei
14.3.2 Autoliv
14.3.3 ZF Friedrichshafen
14.3.4 Rane TRW
14.3.5 Joyson Safety Systems
14.3.6 Emdet Engineer
14.3.7 KSS Abhishek
14.3.8 Momo
