Global Automotive Steering Wheel Market Report, 2017 – 2024

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Automotive Steering Wheel Market Global
Industry Analysis Report, Share, Growth, Price
Trends and Forecast, 2024 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Automotive Steering Wheel
Market

• Automotive Steering Wheel Market size is
  anticipating noticeable growth due to growth in
  automotive industry as it is key element in
  automobiles.
• Continued sales in global car industry has
  boosted automotive steering wheel market.
  Positive sales outlook and growing economy in
  developing countries has accelerated the product
  demand.
• Growing consumer expenditure on vehicle purchase
  has influenced automotive steering wheel market.
  People spends over 15 of their annual income on
  buying an automobile.
• Rising demand for safety equipped vehicle has
  fueled the demand for automotive steering wheel
  market. Advanced technology in the component has
  added value in vehicle such as power steering.

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Continued...

• Challenges faced by automotive steering wheel
  market are extremely complicated linkages,
  chances of overturning and inflated cost.
• Automotive steering wheel market is divided into
  passenger, light commercial, heavy and medium
  duty vehicles.
• Passenger vehicle will lead the segment in the
  forecast time. The product is available in small,
  medium and large sizes.
• The U.S. is one of the largest car manufacturer
  in the world. Easy availability of credit and low
  unemployment rate has created lucrative
  opportunity for vehicle demand sales.
• Companies are adopting various strategies to
  capture this growing market including, facility
  expansion, merger and acquisition.

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360 Analysis

• Product Analysis
• It responds to drivers input to move in a
  specific direction. New technological advancement
  in product has pumped demand for automotive
  steering wheel market.
• Regional Analysis
• Asia Pacific, dominated by India and China are
  major contributors in automotive steering wheel
  market with rise in locomotive industry.
  Increasing population and rise in disposable
  income are the factors boosting demand in the
  region.
• Competitive Market Share
• Prominent players in automotive steering wheel
  market are Takata Corporation, Tokai Rika,
  AutoLiv, ZF TRW, Key safety systems, Nihon Plast,
  Vehicle Improvement Product and Neaton auto
  products manufacturing.

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