Automotive Heated Steering Wheel Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR44500
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The automotive heated steering wheel market size will grow up to 4885.72 th units at a CAGR of 3.32% during 2021-2025.

The automotive heated steering wheel market report extensively covers market segmentations by end-user (OEM and aftermarket) and geography (APAC, Europe, North America, South America, and MEA) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Automotive Heated Steering Wheel Market Size be in 2021?

Automotive-Heated-Steering-Wheel-Market-Market-Size-2020-2025

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Automotive Heated Steering Wheel Market: Key Drivers and Trends

According to our research output, there has been a  impact on the market growth post COVID-19 era. Key drivers such as the increase in demand for luxury cars are notably supporting the automotive heated steering wheel market growth. On the other hand, factors such as high cost of steering system production hindering heated steering wheel market have been identified as market challenges that limit the growth of market vendors. This report offers detailed insights on the challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic automotive heated steering wheel market report has assessed the shift in consumer behavior and identified trends and drivers that will help market players outmaneuver challenges. Technology innovations, implementation, and improvisation scope identified in the automotive heated steering wheel market trends is essential for building new business opportunities across segmentations and geographies.

Who are the Major Automotive Heated Steering Wheel Market Vendors?

The automotive heated steering wheel market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles covered in the report are as follows:

 

  • Autoliv Inc.
  • Bombardier Recreational Products Inc.
  • Gentherm Inc.
  • I.G. Bauerhin GmbH
  • Ningbo Joyson Electronics Co. Ltd.
  • Polaris Inc.
  • Seco
  • Symtec Engineers (P) Ltd.
  • Toyoda Gosei Co. Ltd.
  • ZF Friedrichshafen AG

 

The automotive heated steering wheel market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the automotive heated steering wheel market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Automotive Heated Steering Wheel Market?

Automotive-Heated-Steering-Wheel-Market-Market-Share-by-Region-2020-2025

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China is the key market for automotive heated steering wheel market in APAC. Learn about the key, emerging, and untapped markets from our automotive heated steering wheel market size, share, & trends analysis report for targeting your business efforts toward promising growth regions. 44% of the market’s growth will originate from APAC during the forecast period.

APAC has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Rise in auto sales in colder regions has been identified as one of the chief factors that will drive the automotive heated steering wheel market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Automotive Heated Steering Wheel Market?

Automotive-Heated-Steering-Wheel-Market-Market-Share-by-End-2020-2025

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The automotive heated steering wheel market report provides comprehensive understanding of the subsets of our target market to earmark niche customer groups and simplify demographic requirements. In addition, the report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency. The automotive heated steering wheel market share growth by the OEM segment has been significant and is expected to provide significant growth opportunities to market vendors.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive heated steering wheel market size.

 

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What are the Key Factors Covered in this Automotive Heated Steering Wheel Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive heated steering wheel market growth during the next five years
  • Precise estimation of the automotive heated steering wheel market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive heated steering wheel market across APAC, Europe, North America, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive heated steering wheel market vendors

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Automotive Heated Steering Wheel Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.32%

Market growth 2021-2025

4885.72 th units

Market structure

Fragmented

YoY growth (%)

1.57

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 44%

Key consumer countries

US, China, Germany, France, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Autoliv Inc., Bombardier Recreational Products Inc., Gentherm Inc., I.G. Bauerhin GmbH, Ningbo Joyson Electronics Co. Ltd., Polaris Inc., Seco, Symtec Engineers (P) Ltd., Toyoda Gosei Co. Ltd., and ZF Friedrichshafen AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five force summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • OEM - Market size and forecast 2020-2025
    • Aftermarket - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption
    • Competitive scenario

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Autoliv Inc.
    • Bombardier Recreational Products Inc.
    • Gentherm Inc.
    • I.G. Bauerhin GmbH
    • Ningbo Joyson Electronics Co. Ltd.
    • Polaris Inc.
    • Seco
    • Symtec Engineers (P) Ltd.
    • Toyoda Gosei Co. Ltd.
    • ZF Friedrichshafen AG

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The automotive heated steering wheel market growth will increase by $0.47 million units during 2019-2024.
    The automotive heated steering wheel market is expected to grow at a CAGR of 0.30% during 2019-2024.
    Technavio has segmented the automotive heated steering wheel market by end user (OEM and Aftermarket) and geographic (North America, APAC, Europe, South America, and MEA).
    Autoliv Inc., Bombardier Recreational Products Inc., Gentherm Inc., I.G. Bauerhin GmbH, Ningbo Joyson Electronics Co. Ltd., Polaris Inc., SECO, SYMTEC, Toyoda Gosei Co. Ltd., ZF Friedrichshafen AG are a few of the key vendors in the automotive heated steering wheel market.
    North America will register the highest growth rate of 70.21% among the other regions. Therefore, the automotive heated steering wheel market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the automotive heated steering wheel market growth are:
    • Increases comfort while driving
    The automotive heated steering wheel market vendors should focus on grabbing business opportunities from the oem segment as it accounted for the largest market share in the base year.
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