Automotive Steering Wheel - Global Strategic Business Report

The global market for Automotive Steering Wheel was valued at an estimated US$27.0 Billion in 2023 and is projected to reach US$37.9 Billion by 2030, growing at a CAGR of 5.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the automotive steering wheel market is driven by several factors, including technological advancements, consumer demand for enhanced driving experiences, and stringent safety regulations. The incorporation of new technology such as touch-sensitive controls and biometric sensors in steering wheels are examples of how manufacturers are adapting to the increasing demand for smarter, more interactive car features.

These technologies not only improve user experience but also bolster safety. Furthermore, as global safety standards become more rigorous, the pressure increases on manufacturers to integrate essential safety features effectively. Additionally, consumer preferences for premium materials and customizability in car interiors have led to diversified product offerings. These factors, combined with the overall growth in vehicle production and sales worldwide, ensure robust demand for innovative steering wheels across the automotive industry.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Embedded Control Steering segment, which is expected to reach US$25.8 Billion by 2030 with a CAGR of a 5.4%. The Conventional Steering segment is also set to grow at 4.1% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $7.3 Billion in 2023, and China, forecasted to grow at an impressive 8.2% CAGR to reach $7.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Automotive Steering Wheel Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automotive Steering Wheel Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Automotive Steering Wheel Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Autoliv Inc., Grant Products International, Inc., Joyson Safety Systems Aschaffenburg GmbH, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 36 Featured):

• Autoliv Inc.
• Grant Products International, Inc.
• Joyson Safety Systems Aschaffenburg GmbH
• KKR Metal Components
• Marquardt Management SE
• MOMO Motorsport
• Moto-Lita Ltd
• Neaton Auto Products Manufacturing, Inc.
• Nihon Plast Co., Ltd.
• Shine Way Auto Parts (Guangzhou) Co., Ltd.
• Sparco Motor Sports, Inc. (Sparco USA)
• Tokai Rika Co., Ltd.
• Toyoda Gosei Co., Ltd.
• Valeo Group
• ZF Friedrichshafen AG