According to a new market report published by Lucintel, the future of the global automotive heated steering wheel market looks promising with opportunities in the passenger car and commercial vehicle segments. The global automotive heated steering wheel market is expected to grow with a CAGR of xx%-xx% from 2021 to 2026. The major drivers for this market are increasing demand for comfort and safety, enhanced driving conditions and increase in daily commuting hours.
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In this market, gas heating and electric heating are the major types of automotive heated steering wheels. On the basis of comprehensive research, Lucintel forecasts that electric heating will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to the development of drive by wire.
Within the global automotive heated steering wheel market, the passenger car segment is expected to witness the highest growth over the forecast period due to growing urbanization, improvement in living standards, and rise in the purchasing power of people, thus fueling the growth of passenger car production.
Europe is expected to remain the largest market and witness the highest growth over the forecast period due to the extreme cold weather conditions. Also, automotive manufacturing companies are entering the economy category by reducing prices to make products more affordable.
Emerging trends, which have a direct impact on the dynamics of the industry, include rapid technological innovation and high production of passenger vehicles equipped with heated steering wheels. 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., and ZF Friedrichshafen AG are among the major suppliers of the automotive heated steering wheel market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive heated steering wheel market by type, market type, vehicle type, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Heated Steering Wheel Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive heated steering wheel market by type, market type, vehicle type, and region, as follows:
By Type [Value ($ Million) from 2015 to 2026]:
Gas Heating
Electric Heating
By Market Type [Value ($ Million) from 2015 to 2026]:
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Passenger Cars
Commercial Vehicles
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
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