AUTOMOTIVE STEERING WHEEL MARKET ANALYSIS
Automotive Steering Wheel Market: Regional Insights
High demand for automotive products in economies such as China, India, Japan, Indonesia, South Korea, and Thailand is expected to drive growth of global automotive steering wheel market over the forecast period. Moreover, establishment of production facilities in these economies by major automobile industries such as General Motors, Daimler, and Volkswagen is expected to provide strong growth prospects for automotive steering wheel market growth.
According to China Association of Automobile Manufacturers (CAAM) and Society of Indian Automobile Manufacturers (SIAM), sales of automotive in China stood at 28.03 million units in 2016 and 3.0 million units in India. The CAAM also forecasted that the automobile sales in China will increase by around 5% to reach 29.4 million units by 2017.
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