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Global Steering Wheel Armature Market to reach USD XX million by 2028.

Global Steering Wheel Armature Market Size study, By Material Type (Magnesium or Magnesium Alloy, Steel or Steel Alloy, Aluminium or Aluminium Alloy, Carbon Fiber), Number of Spokes (One Spoke, Two Spokes, Three Spokes, Four Spokes, Six Spokes), Vehicle Type (Passenger Cars, Compact Cars, Mid-Size, SUV, Luxury, Light Commercial Vehicles (LCV), Heavy Commercial Vehicle (HCV), Trucks & Trailers, Buses & Coaches), Sales Channel (Original Equipment Manufacturer (OEM), Aftermarket), and Regional Forecasts 2022-2028

Product Code: ALTAMC-16025567
Publish Date: 23-05-2022
Page: 200

Global Steering Wheel Armature Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Steering Wheel Armature refers to a component of automotive vehicle that provides the structural foundation for different steering wheel mountings like airbags, and vehicle controls among others. Steering wheel are largely made with Magnesium alloy and Aluminum alloy. For instance. Growing automotive Sector and rising concern for safety and comfort while driving, as well as growing advancements in vehicle designs are key drivers for growth of Steering Wheel Armature Market. For instance, as per Statista – In 2021, the global automotive manufacturing market was valued at USD 2.7 trillion. It is forecasted to grow to USD 2.8 trillion by end 2022. Furthermore, as per International Energy Agency – In 2020, global electric car sales were estimated at 3 million units, which increased to 6.6 million units in 2021. Also, growing vehicle ownership in emerging economies & rising technological innovations in automotive Sector are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, high cost associated with Steering Wheel Armature impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Steering Wheel Armature Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to growing advancements of automobiles and presence of leading market players. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of the automotive sector and increasing disposable income in the region, would create lucrative growth prospects for the Steering Wheel Armature Market across the North American region.

Major market players included in this report are:
Getac Technology Corporation
Tianjin Liuhe Magnesium Product Co., Ltd.
Lunt Manufacturing
Nihon Plast Co., Ltd.
GSK InTek Co., Ltd.
Ros Industrie Srl
Summit Steering Wheel Co., Ltd.
Magpulse Technologies Pvt. Ltd.
Shanghai Fangle Auto Parts Co. Ltd

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material Type:
Magnesium Or Magnesium Alloy Steering Wheel Armature
Steel Or Steel Alloy Steering Wheel Armature
Aluminium Or Aluminium Alloy Steering Wheel Armature
Carbon Fiber Steering Wheel Armature

By Number of Spokes:
Steering Wheel Armature With One Spoke
Steering Wheel Armature With Two Spokes
Steering Wheel Armature With Three Spokes
Steering Wheel Armature With Four Spokes
Steering Wheel Armature With Six Spokes
By Vehicle Type:

Passenger Cars
Compact Cars
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicle (HCV)
Trucks & Trailers
Buses & Coaches
By Sales Channel:

Original Equipment Manufacturer (OEM)
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Steering Wheel Armature Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Global Steering Wheel Armature Market, by Region, 2020-2028 (USD Million)
1.2.2. Global Steering Wheel Armature Market, by Material Type, 2020-2028 (USD Million)
1.2.3. Global Steering Wheel Armature Market, by Number of Spokes, 2020-2028 (USD Million)
1.2.4. Global Steering Wheel Armature Market, by Vehicle Type, 2020-2028 (USD Million)
1.2.5. Global Steering Wheel Armature Market, by Sales Channel, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Steering Wheel Armature Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Steering Wheel Armature Market Dynamics
3.1. Steering Wheel Armature Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing automotive sector. Rising concern for safety and comfort while driving Increasing advancements in vehicle designs.
3.1.2. Market Challenges High cost associated with Steering Wheel Armature.
3.1.3. Market Opportunities Increasing vehicle ownership in emerging economies. Growing technological innovations in automotive Sector.
Chapter 4. Global Steering Wheel Armature Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Steering Wheel Armature Market, by Material Type
6.1. Market Snapshot
6.2. Global Steering Wheel Armature Market by Material Type, Performance – Potential Analysis
6.3. Global Steering Wheel Armature Market Estimates & Forecasts by Material Type 2018-2028 (USD Million)
6.4. Steering Wheel Armature Market, Sub Segment Analysis
6.4.1. Magnesium Or Magnesium Alloy Steering Wheel Armature
6.4.2. Steel Or Steel Alloy Steering Wheel Armature
6.4.3. Aluminium Or Aluminium Alloy Steering Wheel Armature
6.4.4. Carbon Fiber Steering Wheel Armature
Chapter 7. Global Steering Wheel Armature Market, by Number of Spokes
7.1. Market Snapshot
7.2. Global Steering Wheel Armature Market by Number of Spokes, Performance – Potential Analysis
7.3. Global Steering Wheel Armature Market Estimates & Forecasts by Number of Spokes 2018-2028 (USD Million)
7.4. Steering Wheel Armature Market, Sub Segment Analysis
7.4.1. Steering Wheel Armature with One Spoke
7.4.2. Steering Wheel Armature with Two Spokes
7.4.3. Steering Wheel Armature with Three Spokes
7.4.4. Steering Wheel Armature with Four Spokes
7.4.5. Steering Wheel Armature with Six Spokes
Chapter 8. Global Steering Wheel Armature Market, by Vehicle Type
8.1. Market Snapshot
8.2. Global Steering Wheel Armature Market by Vehicle Type, Performance – Potential Analysis
8.3. Global Steering Wheel Armature Market Estimates & Forecasts by Vehicle Type 2018-2028 (USD Million)
8.4. Steering Wheel Armature Market, Sub Segment Analysis
8.4.1. Passenger Cars
8.4.2. Compact Cars
8.4.3. Mid-Size
8.4.4. SUV
8.4.5. Luxury
8.4.6. Light Commercial Vehicles (LCV)
8.4.7. Heavy Commercial Vehicle (HCV)
8.4.8. Trucks & Trailers
8.4.9. Buses & Coaches
Chapter 9. Global Steering Wheel Armature Market, by Sales Channel
9.1. Market Snapshot
9.2. Global Steering Wheel Armature Market by Sales Channel, Performance – Potential Analysis
9.3. Global Steering Wheel Armature Market Estimates & Forecasts by Sales Channel 2018-2028 (USD Million)
9.4. Steering Wheel Armature Market, Sub Segment Analysis
9.4.1. Original Equipment Manufacturer
9.4.2. AfterMarket
Chapter 10. Global Steering Wheel Armature Market, Regional Analysis
10.1. Steering Wheel Armature Market, Regional Market Snapshot
10.2. North America Steering Wheel Armature Market
10.2.1. U.S. Steering Wheel Armature Market Material Type estimates & forecasts, 2018-2028 Number of Spokes estimates & forecasts, 2018-2028 Vehicle Type estimates & forecasts, 2018-2028 Sales Channel estimates & forecasts, 2018-2028
10.2.2. Canada Steering Wheel Armature Market
10.3. Europe Steering Wheel Armature Market Snapshot
10.3.1. U.K. Steering Wheel Armature Market
10.3.2. Germany Steering Wheel Armature Market
10.3.3. France Steering Wheel Armature Market
10.3.4. Spain Steering Wheel Armature Market
10.3.5. Italy Steering Wheel Armature Market
10.3.6. Rest of Europe Steering Wheel Armature Market
10.4. Asia-Pacific Steering Wheel Armature Market Snapshot
10.4.1. China Steering Wheel Armature Market
10.4.2. India Steering Wheel Armature Market
10.4.3. Japan Steering Wheel Armature Market
10.4.4. Australia Steering Wheel Armature Market
10.4.5. South Korea Steering Wheel Armature Market
10.4.6. Rest of Asia Pacific Steering Wheel Armature Market
10.5. Latin America Steering Wheel Armature Market Snapshot
10.5.1. Brazil Steering Wheel Armature Market
10.5.2. Mexico Steering Wheel Armature Market
10.6. Rest of The World Steering Wheel Armature Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Getac Technology Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Tianjin Liuhe Magnesium Product Co., Ltd.
11.2.3. Lunt Manufacturing
11.2.4. Nihon Plast Co., Ltd.
11.2.5. GSK InTek Co., Ltd.
11.2.6. Ros Industrie Srl
11.2.7. MZW Motor, STARION CO., LTD
11.2.8. Summit Steering Wheel Co., Ltd.
11.2.9. Magpulse Technologies Pvt. Ltd.
11.2.10. Shanghai Fangle Auto Parts Co. Ltd
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Data Collection:
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Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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