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Steering Wheel Armature Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5933853
The steering wheel armature market size has grown strongly in recent years. It will grow from $76.84 billion in 2023 to $83.45 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth observed in the historical period can be attributed to the shift to power steering systems, advancements in safety features, the introduction of tilt and telescopic adjustments in steering wheel designs, the adoption of multimedia and control interfaces, and the evolution of anti-theft mechanisms.

The steering wheel armature market size is expected to see strong growth in the next few years. It will grow to $111.98 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth in the forecast period can be attributed to a shift towards integrated controls, the adoption of advanced sensors, an increase in customization options, the growth of haptic feedback systems, and the demand for lightweight materials in steering wheel armatures. Major trends expected in the forecast period include increased customization and personalization demands, compliance with safety standards, the adoption of connectivity and infotainment features, design and ergonomic improvements, and advancements in driver assistance systems.

The anticipated surge in demand for automobiles is poised to drive the growth of the steering wheel armature market in the foreseeable future. An automobile, typically powered by an internal combustion engine or alternative energy sources, utilizes a steering wheel armature as a vital component of its steering system. This armature serves as the structural foundation for mounting steering wheels, including elements such as airbags and driver controls. Data from January 2023, provided by MarkLines Co. Ltd., reveals a 5.4% increase in the sale of light vehicles in the US, totaling 1.287 billion units in 2022. Notably, truck and SUV sales rose by 5.3%, reaching 1.02 billion units, while passenger car sales increased by 5.7% to 0.266 billion units. This upward trend in automobile demand substantiates the driving force behind the growth of the steering wheel armature market.

The escalating adoption of advanced driver assistance systems (ADAS) technologies is anticipated to further propel the steering wheel armature market's growth. Advanced driver assistance systems encompass a range of technological features and sensors integrated into vehicles to enhance safety, improve driving, and assist drivers in various capacities. The steering wheel armature plays a pivotal role in facilitating these advanced systems by providing the necessary interface for sensors and controls. This interface enhances the accuracy and effectiveness of features such as lane-keeping and adaptive cruise control. Projections from the Insurance Institute for Highway Safety and Highway Loss Data Institute suggest that by 2026, at least half of all registered vehicles will incorporate two ADAS systems. This includes 71% featuring rear cameras, 60% with back parking sensors, 17% equipped with adaptive cruise control and lane centering, and 13% boasting adaptive headlights. Hence, the increasing adoption of ADAS contributes significantly to the growth of the steering wheel armature market.

A notable challenge for the global steering wheel armature market stems from spikes in prices for vehicle parts and raw materials. Automotive parts are manufactured from various raw materials, including steel, rubber, plastics, and aluminum, making the market susceptible to fluctuations in commodity prices influenced by trade, taxes, and labor costs. For instance, in May 2022, Robert Bosch GmbH reported a substantial increase in commodity costs ranging from 200% to 300%, adding complexity to the production process and affecting both manufacturers and consumers. The surge in prices for vehicle parts and raw materials is expected to have a negative impact on the steering wheel armature market.

Leading companies in the steering wheel armature market are strategically prioritizing the development of adaptive steering technologies to enhance their competitive position. Adaptive steering is an intelligent vehicle steering system that continuously adjusts the relationship between driver steering inputs and the angle of the steered road wheels. ZF Friedrichshafen AG introduced ReAX Adaptive Steering in May 2021, aiming to provide drivers with a more comfortable driving experience. The system utilizes sensor technology to calculate driver input 1000 times per second, adapting to external factors such as crosswinds and road conditions. This innovation reduces physical stress on the driver, promoting lower fatigue, heightened alertness, and improved overall vehicle safety.

In April 2023, Lear Corporation acquired I.G. Bauerhin, underscoring the company's commitment to advancing its Thermal Comfort Systems portfolio. This acquisition positions Lear to enhance its offering in steering wheel armatures by integrating I.G. Bauerhin's expertise in crafting effective heating, ventilation, active cooling, lumbar support, and massage functionalities. I.G. Bauerhin, based in Germany, is recognized for its contributions to steering wheel armature manufacturing.

Major companies operating in the steering wheel armature market report are ZF Friedrichshafen AG, Hyundai Mobis, Valeo S.A., TRW Automotive Holdings Corp., Delphi Technologies, Autoliv Inc., TOYODA GOSEI Co. Ltd., NSK Ltd., JOYSON SAFETY SYSTEMS, Sensata Technologies Inc., Nexteer Automotive, Takata Corp., Leopold Kostal GmbH & Co. KG, Getac Technology Corporation, Nihon Plast Co. Ltd., OMP Racing Spa, TVH Parts Co., Neaton Auto Products Manufacturing Inc., Summit Racing Equipments, Lunt Manufacturing Co. Inc., Sparco S.p.A., Grant Products International Inc., MZW Motor, Flaming River Industries Inc., ROS INDUSTRIE SRL.

North America was the largest region in the steering wheel armature market in 2023. The regions covered in the steering wheel armature market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the steering wheel armature market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The steering wheel armature market consists of sales of steering wheels, steering shaft and column, tie rods, rack, idler arms, and bearings. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The main types of products included in steering wheel armatures are magnesium steering wheels, aluminum steering wheels, steel steering wheels, and others. Magnesium steering wheels are crafted from a magnesium-based alloy, offering greater elongation and energy absorption compared to conventional aluminum alloy steering wheels. Vehicle types encompass passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). The number of spokes varies, including one spoke, two spokes, three spokes, four spokes, and six spokes. These products are distributed through various channels such as original equipment manufacturers (OEM) and the aftermarket.

The steering wheel armature market research report is one of a series of new reports that provides steering wheel armature market statistics, including the steering wheel armature industry global market size, regional shares, competitors with steering wheel armature market share, detailed steering wheel armature market segments, market trends and opportunities, and any further data you may need to thrive in the steering wheel armature industry. This steering wheel armature market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Steering Wheel Armature Market Characteristics3. Steering Wheel Armature Market Trends and Strategies
4. Steering Wheel Armature Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Steering Wheel Armature Market Size and Growth
5.1. Global Steering Wheel Armature Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Steering Wheel Armature Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Steering Wheel Armature Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Steering Wheel Armature Market Segmentation
6.1. Global Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Magnesium Steering Wheel
  • Aluminium Steering Wheel
  • Steel Steering Wheel
  • Other Products
6.2. Global Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Passenger Cars
  • Light Commercial Vehicles (LCV)
  • Heavy Commercial Vehicles (HCV)
6.3. Global Steering Wheel Armature Market, Segmentation by Number of Spokes, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • One Spoke
  • Two Spokes
  • Three Spokes
  • Four Spokes
  • Six Spokes
6.4. Global Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Original Equipment Manufacturer (OEM)
  • Aftermarket
7. Steering Wheel Armature Market Regional and Country Analysis
7.1. Global Steering Wheel Armature Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Steering Wheel Armature Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Steering Wheel Armature Market
8.1. Asia-Pacific Steering Wheel Armature Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Steering Wheel Armature Market
9.1. China Steering Wheel Armature Market Overview
9.2. China Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Steering Wheel Armature Market
10.1. India Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Steering Wheel Armature Market
11.1. Japan Steering Wheel Armature Market Overview
11.2. Japan Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Steering Wheel Armature Market
12.1. Australia Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Steering Wheel Armature Market
13.1. Indonesia Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Steering Wheel Armature Market
14.1. South Korea Steering Wheel Armature Market Overview
14.2. South Korea Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Steering Wheel Armature Market
15.1. Western Europe Steering Wheel Armature Market Overview
15.2. Western Europe Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Steering Wheel Armature Market
16.1. UK Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Steering Wheel Armature Market
17.1. Germany Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Steering Wheel Armature Market
18.5. France Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Steering Wheel Armature Market
19.9. Italy Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Steering Wheel Armature Market
20.13. Spain Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Steering Wheel Armature Market
21.1. Eastern Europe Steering Wheel Armature Market Overview
21.2. Eastern Europe Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Steering Wheel Armature Market
22.1. Russia Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Steering Wheel Armature Market
23.1. North America Steering Wheel Armature Market Overview
23.2. North America Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Steering Wheel Armature Market
24.1. USA Steering Wheel Armature Market Overview
24.2. USA Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Steering Wheel Armature Market
25.1. Canada Steering Wheel Armature Market Overview
25.2. Canada Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Steering Wheel Armature Market
26.1. South America Steering Wheel Armature Market Overview
26.2. South America Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Steering Wheel Armature Market
27.1. Brazil Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Steering Wheel Armature Market
28.1. Middle East Steering Wheel Armature Market Overview
28.2. Middle East Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Steering Wheel Armature Market
29.1. Africa Steering Wheel Armature Market Overview
29.2. Africa Steering Wheel Armature Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Steering Wheel Armature Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Steering Wheel Armature Market, Segmentation by Sales Channel , Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Steering Wheel Armature Market Competitive Landscape and Company Profiles
30.1. Steering Wheel Armature Market Competitive Landscape
30.2. Steering Wheel Armature Market Company Profiles
30.2.1. ZF Friedrichshafen AG
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Hyundai Mobis
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Valeo S.a.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. TRW Automotive Holdings Corp.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Delphi Technologies
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Steering Wheel Armature Market Other Major and Innovative Companies
31.1. Autoliv Inc.
31.2. TOYODA GOSEI Co. Ltd.
31.3. NSK Ltd.
31.4. JOYSON SAFETY SYSTEMS
31.5. Sensata Technologies Inc.
31.6. Nexteer Automotive
31.7. Takata Corp.
31.8. Leopold Kostal GmbH & Co. KG
31.9. Getac Technology Corporation
31.10. Nihon Plast Co. Ltd.
31.11. OMP Racing Spa
31.12. TVH Parts Co.
31.13. Neaton Auto Products Manufacturing Inc.
31.14. Summit Racing Equipments
31.15. Lunt Manufacturing Co. Inc.
32. Global Steering Wheel Armature Market Competitive Benchmarking33. Global Steering Wheel Armature Market Competitive Dashboard34. Key Mergers and Acquisitions in the Steering Wheel Armature Market
35. Steering Wheel Armature Market Future Outlook and Potential Analysis
35.1 Steering Wheel Armature Market in 2028 - Countries Offering Most New Opportunities
35.2 Steering Wheel Armature Market in 2028 - Segments Offering Most New Opportunities
35.3 Steering Wheel Armature Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Steering Wheel Armature Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on steering wheel armature market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
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  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for steering wheel armature? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Scope

Markets Covered:
1) By Product Type: Magnesium Steering Wheel; Aluminum Steering Wheel; Steel Steering Wheel; Other Products
2) By Vehicle Type: Passenger Cars; Light Commercial Vehicles (LCV); Heavy Commercial Vehicles (HCV)
3) By Number of Spokes: One Spoke; Two Spokes; Three Spokes; Four Spokes; Six Spokes
4) By Sales Channel: Original Equipment Manufacturer (OEM); Aftermarket

Key Companies Mentioned: ZF Friedrichshafen AG; Hyundai Mobis; Valeo S.A.; TRW Automotive Holdings Corp.; Delphi Technologies

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Methodology

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