Persistence Market Research’s latest report on the global automotive steering wheel market projects that over 2286 Mn Units of the automotive steering wheels will be shipped by 2027-end. As per the report, the US$ 337,585 Mn automotive steering wheel market will ride at a strong CAGR of 8.27% over the forecast period (2017-2027) to reach a valuation of US$ 899,559.9 Mn. As self-driving technology slowly becomes a reality, automotive components including steering wheels are expected to undergo massive transformation both in terms of design and technology.
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FACTS AT A GLANCE
Companies: Hyundai Mobis Co. Ltd, ZF Friedrichshafen Manufacturing Company, Takata, Momo Automotive Accessories Inc., Toyoda Gosei, Tokai Rika Co., Ltd., Autoliv, Key Safety Systems, Nihon Plast Co. Ltd, Grant Products International INC, GSK Intek, Moto Lita, Simmonds Superspoke, Isotta, Neaton Auto Products, Nardi Personal, Sabic, KKR Metal Components, Emdet Group, Sun Autoelektrik Private Limited
Coverage: All major geographies and key segments
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Segments: Automotive Steering Wheel Market Segmented By Magnesium Steering Wheel, Aluminum Steering Wheel, Steel Steering Wheel Product in Normal, Control Embedded Technology in Passenger Cars, Commercial Vehicles, Heavy Commercial Vehicles
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
ABSTRACT-
Our comprehensive market research report titled “Automotive Steering Wheel Market: Global Industry Analysis (2012-2016) and Forecast (2017-2027)” provides all the guidelines essential to take the product from the conceptualization to the commercialization stage and offers a feel of the future by presenting thoughts on the future scenario using an effective forecasting model.
Backed with a unique research methodology, our research report on the global automotive steering wheel market is skilfully crafted, with insights based on every angle influencing the automotive steering wheel market on a global basis. The uniqueness of this report lies in the research methodology employed here at Persistence Market Research, and we deliver value of the current market scenario based on the past and also put forth a 3600 view of the market delivering the necessary value addition and a strategic layout. Secondary research, an extensive primary research, and opinions from key players and industry sources are the three pillars of this unique value adding research methodology. The secondary research gives an overview of the market scenario on the basis of which a large number of primary interviews are conducted and conversing with the key market leaders just validates the data gathered so far. This data is re-validated as primary interviews progress and each data point gets a realistic shape. With this the data triangulation is carried out to achieve maximum accuracy, eliminating the possible and obvious market deviations and errors thereby presenting a thought leader angle to the researched insights. This also enables the reader of the report to correlate the various segmentations and micro segmentations included in the report with the past, current and future market scenario.
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Actionable intelligence at your disposal – unwrapping the global perspective
It becomes important to understand the pulse of the global market and mere numbers or data or conclusions would not help if not given the right contour. Every region has its own characteristic value that contributes to the global market scenario. An unbiased opinion is what matters and our report on the automotive steering wheel market offers actionable insights that can be used to unmask the trends, develop strategies, and sketch a road map for growth – eventually leading to informed decisions.
A separate section of the report discusses the key market players. The competitive dashboard highlights the strategies adopted by the top market companies, their growth patterns, mergers and acquisitions, product portfolios and new forthcoming innovations, analysis of the technological aspects, their global presence, etc. It becomes easier to track the market once the players steering the market are studied and this is as vital as analyzing the “to do” things in order to achieve growth stability. The research report gives an exquisite contour of the strengths, weaknesses, the possible threats and the “can be grasped” opportunities. The prospect analysis or end user analysis goes hand in hand with competition as the key players rely on the adoption rate of consumers. Effectively, it becomes imperative to identify potential prospects, their adoption or buying cycles, spending power, etc., in order to match toe to toe with the competitor. Identifying the “who should be served” is very essential to achieve targets and edge over other players. The support activities for the transportation market present customer insights that are in sync with the objectives of the company and help direct actions according to their set goals.
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