The Automotive Steering Wheel Market is anticipated to register a CAGR of over 7% during the forecast period (2021 – 2027).
The steering system works on the principle of converting the rotation of the steering wheel into the turning motion of the road wheel, so that the steering wheel rim rotates in the long direction, moving the road wheel in the short direction. Power steering uses a hydraulic pump that can pressurize a small amount of fluid. The steering mechanism uses this pressure to direct the tires when turning the steering wheel. Power steering systems typically include pumps, power steering fluids, pressure hose assemblies, control valves and return lines.
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Global Automotive Steering Wheel Market Segmentation:
Segmentation by Vehicle Type:
- Passenger Car
- Light Commercial Vehicle
- Medium & Heavy Duty Commercial Vehicle
Segmentation by Technology Type:
- Normal Steering Wheel
- Control Embedded Steering Wheel
Segmentation by Material Type:
- Polyurethane
- Leather
- Wood
Company Profiles
- Hyundai Mobis Co. Ltd
- ZF Friedrichshafen Manufacturing Company
- Takata
- Momo Automotive Accessories Inc.
- Toyoda Gosei
- Tokai Rika Co., Ltd.
- Autoliv
Scope of the Report
The research study analyzes the global Automotive Steering Wheel industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Automotive Steering Wheel Market Report
1. What was the Automotive Steering Wheel Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of Automotive Steering Wheel Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Steering Wheel Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
• Proliferation and maturation of trade in the global Automotive Steering Wheel market.
• The market share of the global Automotive Steering Wheel market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Steering Wheel market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Steering Wheel market.
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