Global Automotive Steering Column Market 2024-2028
The automotive steering column market is forecasted to grow by USD 2744.8 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the automotive steering column market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for electric power steering driving advanced steering column adoption, increasing global automobile sales, and growing concern for controlling frontal collisions is pushing demand for collapsible steering column.
Technavio's automotive steering column market is segmented as below:
By Application
- Passenger car
- Commercial vehicle
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the continuous advances in automotive steering technology as one of the prime reasons driving the automotive steering column market growth during the next few years. Also, development of foldable steering wheel concept and growing popularity of steering columns as advanced safety system will lead to sizable demand in the market.
The report on the automotive steering column market covers the following areas:
- Automotive steering column market sizing
- Automotive steering column market forecast
- Automotive steering column market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive steering column market vendors that include BorgWarner Inc., Continental AG, Coram Europe Srl, Fuji Autotech AB, HL Mando Co. Ltd., Huhei Henglong Auto System Group, JTEKT Corp., Leopold Kostal GmbH & Co. KG, Nexteer Automotive Group Ltd., NSK Ltd., Pailton Engineering Ltd., Robert Bosch GmbH, thyssenkrupp AG, Yamada Manufacturing Co. Ltd., and ZF Friedrichshafen AG. Also, the automotive steering column market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.