LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automotive steering wheel market and it is poised to grow by 22.81 million units during 2020-2024, progressing at a CAGR of about 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Autoliv Inc., GKN Automotive Ltd., Hyundai Mobis Co. Ltd., JTEKT Corp., Nexteer Automotive Corp., Nihon Plast Co. Ltd, Ningbo Joyson Electronics Co. Ltd., Tokai Rika Co. Ltd., Toyoda Gosei Co. Ltd., and ZF Friedrichshafen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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The increasing use of steering-mounted electronics has been instrumental in driving the growth of the market. However, the development of cars without steering wheels might hamper market growth.
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Automotive Steering Wheel Market 2020-2024: Segmentation
Automotive Steering Wheel Market is segmented as below:
- Application
- Passenger Cars
- Commercial Vehicles
- Geography
- APAC
- North America
- Europe
- South America
- MEA
Automotive Steering Wheel Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive steering wheel market report covers the following areas:
- Automotive Steering Wheel Market Size
- Automotive Steering Wheel Market Trends
- Automotive Steering Wheel Market Industry Analysis
This study identifies rising automotive production as one of the prime reasons driving the Automotive Steering Wheel Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Steering Wheel Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist automotive steering wheel market growth during the next five years
- Estimation of the automotive steering wheel market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive steering wheel market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive steering wheel market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Passenger cars - Market size and forecast 2019-2024
- Commercial vehicles - Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Autoliv Inc.
- GKN Automotive Ltd.
- Hyundai Mobis Co. Ltd.
- JTEKT Corp.
- Nexteer Automotive Corp.
- Nihon Plast Co. Ltd
- Ningbo Joyson Electronics Co. Ltd.
- Tokai Rika Co. Ltd.
- Toyoda Gosei Co. Ltd.
- ZF Friedrichshafen AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
September 03, 2020 at 05:15AM
https://www.businesswire.com/news/home/20200902005133/en/COVID-19-Automotive-Steering-Wheel-Market-2020-2024-Increasing
COVID-19: Automotive Steering Wheel Market 2020-2024 | Increasing Use of Steering-mounted Electronics to Boost Market Growth | Technavio - Business Wire
https://news.google.com/search?q=Wheel&hl=en-US&gl=US&ceid=US:en
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