India Automotive Steering Wheel Market: Segmentation
Based on application, the India automotive steering wheel market is categorized into passenger car, light
commercial vehicle, farm vehicle, and heavy commercial vehicle. Passenger car is the leading segment in
terms of revenue. The improving Indian economy and widening base of middle-class population along
with the rising disposable income are stimulating the demand for passenger cars.
On the basis of technology, the market is divided into normal steering wheels and control-embedded
steering wheels. Both of these segments are further categorized into with airbag and without airbag.
Normal steering wheels without airbags dominated the market, owing to the burgeoning demand from
the light and medium commercial vehicles sector. The controls-embedded steering wheels with airbags
segment is estimated to rise at a significant CAGR during the forecast period. The growth of the segment
can be attributed to the increasing demand for high-end passenger cars and rising awareness regarding
vehicle safety among drivers.
India Automotive Steering Wheel Market: Competitive Landscape
The India automotive steering wheel market is fairly consolidated in nature. The strong foothold of key
players can be attributed to the increasing mergers and acquisition activities and continuous development
of new products. Players are allocating sizeable funds to research and development activities to launch
innovative and technologically advanced steering wheels, which will help them in enhancing the visibility
of the market. Some of the key companies operating in the market are Toyoda Gosei Co Ltd., TRW Sun
Steering Wheels Pvt. Ltd., Autoliv, Rane TRW, and Takata Corporation.
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This report gives you access to decisive data such as:
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for the coming years
Key highlights of this report
Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Offers a clear understanding of the competitive landscape and key product segments