The global demand for Automotive Steering Column Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
An automotive steering column is a vehicle used to connect the steering wheel to the steering mechanism. The various functions of a steering column include energy dissipation management in the event of a collision, provide mounting for several vehicular components based on the vehicle type and offer adjustment to suit driver preference. It is maintenance-free and can be used on medium-size and heavy commercial vehicles and buses. It is easy to integrate a steering column in a vehicle, and a proper steering column reduces the mass of the vehicle and increases fuel efficiency.
Market Dynamics
Steering columns being a vital component of any automotive and rise in automotive production worldwide will be the primary stimulants for market growth. The availability of steering columns with a unique modular design enables the driver's best-in-class ergonomic working conditions to be a market booster. The growing popularity of motorsports and the rising demand for high-performance steering columns will benefit market growth. An increase in the rate of automotive accidents will favor the market's growth for the collapsible steering column, the latest trend in the steering column market in recent times. The continuous advancement in automotive steering technology and the increasing use of electronics in automobiles will enable a steady growth in the steering column market. The fluctuating price of raw materials is the main challenge hampering the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive steering column. The growth and trends of automotive steering column industry provide a holistic approach to this study.
Market Segmentation
This section of the automotive steering column market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Vehicle Type
- Passenger Cars
- Heavy Commercial Vehicles
- Light Commercial Vehicles
By Pivot Alignment Type
- Lower Pivot Tilt Steering Column
- Lower pivot Tilt and Telescopic Steering Column
- Upper pivot Tilt Steering Column
- Upper Pivot Tilt & Telescope Steering Column
By Steering System Type
- Manual Rack And Pinion Steering System
- Manual Worm & Roller Steering System
- Manual Recirculating Ball & Nut Steering System
- Hydraulic Power Steering System
- Electric Power Steering System
By Column Type
- Power Adjustable Steering Columns
- Power one touch Adjustability Columns
- Touch Control Electronic Transmission Shifter Steering Column
- Active-Energy Absorbing Steering Columns
- Non-Adjustable Steering Columns
- Rake Adjustable Steering Columns
- Tilt-Adjustable Steering Columns
By Sales Channel
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automotive Steering Column market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Automotive Steering Column Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive steering column market include Kongsberg Automotive, Continental AG, TRW Automotive, Schaeffler, NSK, JTEKET Corporation, Denso Corporation, Nexteer Automotive, ThyssenKrupp, and Coram Group. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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