Global Steering Wheel Armature Market Size & Share to 2027

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

  • Magnesium or Magnesium Alloy
  • Steel or Steel Alloy
  • Carbon fiber
  • Others
By Number of Spokes
  • One
  • Two
  • Three
  • Four
  • Six
By Application
  • Passenger Car
  • Commercial Car
By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
Key Questions Addressed by the Report
  • 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?


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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