Global Automotive Steering Roll Connectors Market —
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.
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By End-market Type
OEM (Original Equipment Manufacturers)
By Vehicle Type
Heavy Commercial Vehicles
Light Commercial Vehicles
By Geographic Region
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 Beige Market Intelligence, 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.
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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.
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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
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
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