
Global Steering Wheel Armature Market Size & Share to 2027
Description
Global Steering Wheel Armature Market Size & Share to 2027
Global Steering Wheel Armature Market Size, Trends & Growth Opportunity By Material Type (Magnesium or Magnesium Alloy, Steel or Steel Alloy, Carbon fiber, and others), By Number of spokes (One, Two, Three, Four, and Six), By Application(Passenger Car, and Commercial Car), and By Region and Forecast till 2027
Global Steering Wheel Armature Market
The steering wheel armature is defined as the component of automotive vehicle that gives the structural foundation for all steering wheel mountings such as airbags, driver controls, etc. Magnesium alloy, aluminum alloy are used for manufacturing of steering wheel armature due to the durability and cost effective manufacturing.
Market Drivers
The increase in concern for safety and comfort is the key driving factor which is expected to boost the global steering wheel armature market growth. Furthermore, continuous technological advancements in the automotive industry will positively influence the market growth. Also, the increase in consumer expenditure on vehicle purchase has influenced the global steering wheel armature market growth. Moreover, the increase in demand for advanced steering wheel designs, modern vehicle interiors, and availability of automotive technologies will propel the global steering wheel armature market growth during this forecast timeline.
Market Restraints
High cost is the major restraint which expected to hinder the global steering wheel armature market growth over the forecast period.
Market Segmentation
The Global Steering Wheel Armature Market is segmented into material type such as Magnesium or Magnesium Alloy, Steel or Steel Alloy, Carbon fiber, and others, by number of spokes such as One, Two, Three, Four, and Six. Further, market is segmented into application such as Passenger Car, and Commercial Car.
Also, the Global Steering Wheel Armature Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Nihon Plast Co., Ltd., Lunt Manufacturing, Getac Technology Corporation, Tianjin Liuhe Magnesium Product Co., Ltd., Shanghai Fangle Auto Parts Co. Ltd, Magpulse Technologies Pvt. Ltd., Summit Steering Wheel Co., Ltd., STARION CO., LTD, ROS INDUSTRIE SRL, etc.
Market Taxonomy
By Material Type
Global Steering Wheel Armature Market Size, Trends & Growth Opportunity By Material Type (Magnesium or Magnesium Alloy, Steel or Steel Alloy, Carbon fiber, and others), By Number of spokes (One, Two, Three, Four, and Six), By Application(Passenger Car, and Commercial Car), and By Region and Forecast till 2027
Global Steering Wheel Armature Market
The steering wheel armature is defined as the component of automotive vehicle that gives the structural foundation for all steering wheel mountings such as airbags, driver controls, etc. Magnesium alloy, aluminum alloy are used for manufacturing of steering wheel armature due to the durability and cost effective manufacturing.
Market Drivers
The increase in concern for safety and comfort is the key driving factor which is expected to boost the global steering wheel armature market growth. Furthermore, continuous technological advancements in the automotive industry will positively influence the market growth. Also, the increase in consumer expenditure on vehicle purchase has influenced the global steering wheel armature market growth. Moreover, the increase in demand for advanced steering wheel designs, modern vehicle interiors, and availability of automotive technologies will propel the global steering wheel armature market growth during this forecast timeline.
Market Restraints
High cost is the major restraint which expected to hinder the global steering wheel armature market growth over the forecast period.
Market Segmentation
The Global Steering Wheel Armature Market is segmented into material type such as Magnesium or Magnesium Alloy, Steel or Steel Alloy, Carbon fiber, and others, by number of spokes such as One, Two, Three, Four, and Six. Further, market is segmented into application such as Passenger Car, and Commercial Car.
Also, the Global Steering Wheel Armature Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Nihon Plast Co., Ltd., Lunt Manufacturing, Getac Technology Corporation, Tianjin Liuhe Magnesium Product Co., Ltd., Shanghai Fangle Auto Parts Co. Ltd, Magpulse Technologies Pvt. Ltd., Summit Steering Wheel Co., Ltd., STARION CO., LTD, ROS INDUSTRIE SRL, etc.
Market Taxonomy
By Material Type
- Magnesium or Magnesium Alloy
- Steel or Steel Alloy
- Carbon fiber
- Others
- One
- Two
- Three
- Four
- Six
- Passenger Car
- Commercial Car
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- What are the Key Opportunities in Global Steering Wheel Armature Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
Table of Contents
147 Pages
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market Definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Steering Wheel Armature Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Steering Wheel Armature Market, By Material Type
- 5.1 Y-o-Y Growth Comparison, By Material Type
- 5.2 Global Steering Wheel Armature Market Share Analysis, By Material Type
- 5.3 Global Steering Wheel Armature Market Size and Forecast, By Material Type
- 5.3.1 Magnesium or Magnesium Alloy
- 5.3.2 Steel or Steel Alloy
- 5.3.3 Carbon fiber
- 5.3.4 Others
- 6 Global Steering Wheel Armature Market, By Number of Spokes
- 6.1 Y-o-Y Growth Comparison, By Number of Spokes
- 6.2 Global Steering Wheel Armature Market Share Analysis, By Number of Spokes
- 6.3 Global Steering Wheel Armature Market Size and Forecast, By Number of Spokes
- 6.3.1 One
- 6.3.2 Two
- 6.3.3 Three
- 6.3.4 Four
- 6.3.5 Six
- 7 Global Steering Wheel Armature Market, By Application
- 7.1 Y-o-Y Growth Comparison, By Application
- 7.2 Global Steering Wheel Armature Market Share Analysis, By Application
- 7.3 Global Steering Wheel Armature Market Size and Forecast, By Application
- 7.3.1 Passenger Car
- 7.3.2 Commercial Car
- 8 Global Steering Wheel Armature Market, By Region
- 8.1 Global Steering Wheel Armature Market Share Analysis, By Region
- 8.2 Global Steering Wheel Armature Market Share Analysis, By Region
- 8.3 Global Steering Wheel Armature Market Size and Forecast, By Region
- 9 North America Steering Wheel Armature Market Analysis and Forecast (2020-2027)
- 9.1 Introduction
- 9.2 North America Steering Wheel Armature Market Share Analysis, By Material Type
- 9.3 North America Steering Wheel Armature Market Size and Forecast, By Number of Spokes
- 9.4 North America Steering Wheel Armature Market Size and Forecast, By Application
- 9.5 North America Steering Wheel Armature Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10 EuropeSteering Wheel Armature Market Analysis and Forecast (2020-2027)
- 10.1 Introduction
- 10.2 Europe Steering Wheel Armature Market Share Analysis, By Material Type
- 10.3 Europe Steering Wheel Armature Market Size and Forecast, By Number of Spokes
- 10.4 Europe Steering Wheel Armature Market Size and Forecast, By Application
- 10.5 Europe Steering Wheel Armature Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11 Asia Pacific Steering Wheel Armature Market Analysis and Forecast (2020-2027)
- 11.1 Introduction
- 11.2 Asia Pacific Steering Wheel Armature Market Share Analysis, By Material Type
- 11.3 Asia Pacific Steering Wheel Armature Market Size and Forecast, By Number of Spokes
- 11.4 Asia Pacific Steering Wheel Armature Market Size and Forecast, By Application
- 11.5 Asia Pacific Steering Wheel Armature Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4 Rest of Asia Pacific
- 12 Latin America Steering Wheel Armature Market Analysis and Forecast (2020-2027)
- 12.1 Introduction
- 12.2 Latin America Steering Wheel Armature Market Share Analysis, By Material Type
- 12.3 Latin America Steering Wheel Armature Market Size and Forecast, By Number of Spokes
- 12.4 Latin America Steering Wheel Armature Market Size and Forecast, By Application
- 12.5 Latin America Steering Wheel Armature Market Size and Forecast, Country
- 13 Middle East Steering Wheel Armature Market Analysis and Forecast (2020-2027)
- 13.1 Introduction
- 13.2 Middle East Steering Wheel Armature Market Share Analysis, By Material Type
- 13.3 Middle East Steering Wheel Armature Market Size and Forecast, By Number of Spokes
- 13.4 Middle East Steering Wheel Armature Market Size and Forecast, By Application
- 13.5 Middle East Steering Wheel Armature Market Size and Forecast, By Country
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 Nihon Plast Co., Ltd
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2. Lunt Manufacturing
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3. Getac Technology Corporation
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Tianjin Liuhe Magnesium Product Co., Ltd
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Shanghai Fangle Auto Parts Co. Ltd
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Magpulse Technologies Pvt. Ltd
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Summit Steering Wheel Co., Ltd
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 STARION CO., LTD
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 ROS INDUSTRIE SRL
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
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