Automotive
Steering Roll Connectors Market – Report Insights
A connector is a device that carries electricity or
electronic signals and connects the internal controls of a machine to the I/O
part of an electronic or electrical device. They form a medium of communication
among different components and systems by connecting electric circuits with
each other. Connectors are widely used in automotive industry.
Among various connectors, steering roll connectors
(SRC) also known as clock spring is one of the commonly used connector in the
automotive industry. Steering roll connectors are placed on the steering column
just below the steering wheel of the vehicle. They are a rotatable connectors
which electrically connects the steering wheel-mounted electric controls with
the vehicle body, which transmits signals and supplies power from the vehicle
body to the components mounted on the steering wheel.
Worldwide Automotive Steering Roll Connectors
research report covers the present scenario and the growth prospects of the
Automotive Steering Roll Connectors Market for the period 2015-2021. This
market research report includes a detailed market segmentation of the
Automotive Steering Roll Connectors by
By
End-market Type
- OEM (Original Equipment Manufacturers)
- Aftermarket
By
Vehicle Type
- Passenger Cars
- Heavy Commercial Vehicles
- Light Commercial Vehicles
By
Geographic Region
- North America
- APAC
- Europe
- Latin America
- Middle East
The market research report also profiles the key
vendors operating in the Worldwide Automotive Steering Roll Connectors Market
and also provides the detailed competitive landscape of key players.
Automotive
Steering Roll Connectors – Market Size and Dynamics
Market research analysts at Publisher, expect the
Worldwide Automotive Steering Roll Connectors Market to reach approximately 130
million units by 2021. The Worldwide Automotive Steering Roll Connectors market
has been segmented on the basis of End-markets, Vehicle type, and geographical
regions. Among End-markets, the global aftermarket for steering roll connectors
is expected to reach to around 17 million units by 2021 growing at a CAGR of
almost 10% during the forecast period.
The automotive steering roll connectors market is
further segmented as per vehicle types which include passenger cars, light
commercial vehicle, and heavy commercial vehicle. Among the vehicle types,
passenger cars are the largest volume and value market for automotive. As
passenger cars form the fundamental for personal transportation, this segment
will remain the largest automobile segment during the forecast period. The
steering roll connectors passenger car segment is expected to cross 100 million
units by 2021.
The global OEM market for steering roll connectors
for passenger cars accounted for over 57 million units in 2015 and is expected
to reach to over 86 million by 2020 growing at a CAGR of almost 7% during the
forecast period. Asia is the largest automotive steering roll connectors market
and is expected to be the largest during the forecast period due to the high
volume of automobile shipments and rapid adoption of airbags.
Automotive
Steering Roll Connectors – Drivers and Trends
This market research report provides market overview
of the factors driving and restraining the growth of the market. The report
also outlines the key trends emerging in the market that will contribute to the
growth of Worldwide Automotive Steering Roll Connectors market during the
forecast period. The factors driving the growth of the market include Adoption
of infotainment systems in high volume mid segment vehicles. Features such as
connected vehicles using telematics and high-end infotainment systems were a
feature common to luxury or high-end vehicles until the recent past. However,
the stiff competition in the mid-segment vehicles has forced OEMs to introduce
these features in mass mid-segment vehicles such as hatchbacks and light
commercial vehicles which include pick-up trucks. In the past couple of years,
various OEMs and electronics suppliers in the automotive industry have actively
invested in exploring means of cost reduction of these systems enabling them to
be integrated to smaller cars and commercial vehicles.
Leading to increasing steering mounted electronic
controls for various infotainment functions such as audio controls. This will
drive the steering roll connectors demand among vehicles as these controls are
connected to the electronic junction box through steering roll connectors. Moreover, emerging markets are expected to
drive automotive sales, which in turn will drive the growth of automotive
steering roll connectors.
Some of the major challenges confronting the
Worldwide Automotive Steering Roll Connectors Market include gradual loss of
low-cost advantage from Low-cost manufacturing countries. In earlier decades,
within the automotive industry, there was an increase in outsourcing of
manufacturing activities to low-cost countries such as China, Taiwan, South
Korea and India owing to the availability of low-cost labor as compared to
western countries. However, these countries are gradually losing its cost
advantage due to the raising labor cost, for instance in China the population
has become more affluent and has moved up the learning curve leading to higher
cost of employment.
It is observed that manufacturers, especially in
China and Taiwan have been facing concerns over attrition as labors prefer
moving to other manufacturers for small income raise. Moreover, the shorter lifecycle of automotive
electronics is another major challenge faced by the market. The report also
provides the Porter’s five forces analysis along with a description of each of
the forces and its impact on the market.
Automotive
Steering Roll – Key Vendors
This market research report profiles the major
companies in the Worldwide Automotive Steering Roll Connectors market and also
provides the competitive landscape of key players. Within the report covers the entire market
outlook regarding the value chain operating within the market. The major
players in the market include Furukawa, Daesung, Engotan, and Kapco. Minda
Corp. (in joint venture with Furukawa) is one of the emerging player in the
market.
Some of the companies mentioned in the report
include Yazaki, Angotan, Mazda Motors, Mitsubishi, Nissan Motors, Toyota
Motors, Cherry Motors, Hyundai Motors, Buick, Proton, KIA Motors, Nissan
Motors, Chrysler Motors, General Motors, Mando, Volkswagen, TATA Motors, TRW Automotive,
Holden, Renault, Lear Corporation, Tyco Electronics, JAC Motors, Leoni, Great
Wall Motors, Daimler, Toyota Motors, Daihatsu Motors, and Honda Motors.
The
key objectives of the study are as follows
- To provide a detailed analysis of the worldwide automotive steering roll connectors market
- To provide a break-down of automotive steering roll connectors by vehicle type
- Light commercial vehicles
- Passenger vehicles
- Heavy commercial vehicles
- To provide the competitive landscape of the key players operating in this market and how the market will evolve over the forecast period
- To provide strategic insights into what is happening in the market and what should happen in the market during the forecast period
- To provide key insights into the various factors that are aiding as well as adversely affecting the market and how this scenario will change during the forecast period
The
scope of the study is as follows
The study will provide the unit shipments in the
automotive steering roll connector market in 2015 as well as for the forecast
period
The
study will also provide the segmentation by the following
- Light commercial vehicles
- Passenger vehicles
- Heavy commercial vehicles
The study will provide the regional segmentation for
the unit shipments by the following regions
- APAC
- Europe
- Latin America
- Middle East and Africa
- North America
The study will provide the unit shipment of steering
roll connectors by the following for each region
- OEM
- Aftermarket
The study will also provide unit shipment for the
leading county(s) for each of the regions above
Timeline
of the study is as follows
Base Year : 2015 (Actual figures)
Forecast Period:
2016-2020 (Forecasted
figures)
Why
should you buy this study?
The study will tell the reader how the market has
been performing over the last few years and how it is expected to perform over
the next five years. Detailed analysis of the performance of the market is
provided thereby providing the reader with key insights into what is taking
place and how the market is being affected, both positively and adversely.
Individuals who are interested in knowing which are the key companies involved
in the market should purchase this report.
In short, the study will provide a holistic view of
the Automotive steering roll market, which are the companies that are involved
in the market and what are the factors that contribute to this market. The
report will also provide information on what are some of the trends that have
started to surface and are expected to be a strong driving force in the market
over the next five years.
Spanning over 164 pages “Strategic Assessment of Worldwide Automotive Steering
Roll Connectors Market - Forecast Till 2021” report
covers Research Methodology, Executive Summary, Report Coverage, Market
Landscape, Automotive Steering Roll Connector Market, Market Segmentation of
Automotive Steering Roll Connector Market, Market Size and Forecast by Vehicle
Type, Passenger Car Segmentation of Automotive SRC Market, LCV Segmentation of
Automotive SRC Market, HCV Segmentation of Automotive SRC Market, Market
Segmentation by Geography, North America Market for Automotive SRC, Europe
Market for Automotive SRC Market, APAC Market for Automotive SRC, Latin America
Market for Automotive SRC, Middle East and Africa Market for Automotive SRC,
Market Segmentation by End-markets, Key Market Drivers, Key Market Challenges,
Key Market Trends, Key News, Competitive Landscape, Appendix. The report
covered companies are - Furukawa, Daesung Electric, Engotan Auto Part, Kapco
Auto Part, Minda Corp
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