By value, the automotive steering wheel market in India stood at INR 634.9 Cr in 2014 and this is projected
to reach INR 1,214.6 Cr by 2023, expanding at a 7.1% CAGR from therein. By type of material, the market
was led by the polyurethane segment in 2014, reaching a value of INR 762 Cr by 2023 at a 7.0% CAGR.
However, the leather segment is predicted to witness the fastest growth through the forecast period,
registering a CAGR of 7.8% from 2015 to 2023.
By wheel diameter, the small steering wheel segment led the automotive steering wheel market in India
and this segment is also forecast to be the fastest growing one by 2023. Based on application, the
automotive steering wheel market in India was primarily driven by the passenger vehicle segment, which is
also predicted to be the most rapidly expanding segment. On the basis of technology, the market was led
by normal steering wheels in 2014 and steering wheels without airbags held a key share within that
segment. On the other hand, the controls embedded steering wheels segment was led by steering wheels
with air bags.
This review is based on the findings of a TMR report titled “Automotive Steering Wheel Market - India
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023.”
To Get Full Detail of The Reports http://www.transparencymarketresearch.com/india-automotive-
steering-wheel-market.html
Automotive Steering Wheel Market, By Wheel Diameter
Small
Medium
Large
Automotive Steering Wheel Market, By Technology
Normal Steering Wheel
o With Airbag
o
Without Airbag
Controls Embedded Steering Wheel
o With Airbag
o
Without Airbag
Automotive Steering Wheel Market, By Material
Polyurethane
Leather
Wood
Automotive Steering Wheel Market, By Application
Passenger Car
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
Farm vehicle