Steering Column Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Steering Column Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Car Accessories

Report Description

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Steering Column Market: Overview

The Column is a device intended primarily for connecting the steering wheel to the steering mechanism or transferring the driver's input torque from the steering wheel. It controls the vehicle's steering as well as acts as a host of other functions. The ignition switch, turn signals, and windshield wipers are all typically found in this column. A gear selector and cruise control are also found in this part of the vehicle. The majority of the steering column assembly is located underneath the vehicle's dash in the driver's compartment and protrudes into the engine compartment on the opposite side. The column is linked to the steering components of the vehicle's chassis by a series of universal joints and solid steel tubing. The steering column consists of a collapsible housing containing a collapsible, rotating shaft. The steering column is connected to the input shaft of the steering gear by a flexible joint. This allows the alignment and reduces the transmission of road shocks back to the driver. Some of the steering columns have an intermediate shaft, which runs at about an oblique angle, from the column to the steering gear. Some manufacturers fit sensors and control units to the steering column, that provide information to steering control modules as part of an electric assisted or 4-wheel steering system.

Steering Column Market: Dynamics

High demand for automotive is the key driving factor for the global steering column market since an automotive can't be manufactured without a steering column. Technological advancement has led to the development of more efficient steering column systems. These improve the overall driving experience and ensure greater safety than before. Due to multi functionality and increased safety, their demand amongst users has significantly increased. Demand for high mileage is also a driving factor for the global steering column market.

The collapsible steering column is the latest trend in the market these days. In the case of an accident the steering column collapse to the automotive floor preventing the driver from getting hurt front the front of the vehicle.

Steering Column Market: Segmentation

The global Steering Column Market is segmented by Vehicle Type, Sales channel, Pivot Alignment, Steering System and Column Type.

By vehicle type, the global Steering Column market is segmented as –

  • Passenger cars
    • Economy car
      • Micro car
      • Hatchback
      • Sedan
      • Luxury car
      • Sports car
      • SUV
      • Mini Van
  • Commercial vehicles
    • Light commercial vehicles
    • Heavy commercial vehicles

By sales channel, the global Steering Column market is segmented as –

  • OEM
  • Aftermarket

By pivot alignment, the global Steering Column market is segmented as –

  • Lower pivot Tilt and Telescopic Steering Column
  • Lower pivot Tilt Steering Column.
  • Upper Pivot Tilt & Telescope Steering Column, Lower pivot Tilt
  • Lower Pivot Steering Column

By Steering System, the global Steering Column market is segmented as –

  • Manual Worm & Roller Steering System
  • Power Steering System
  • Manual Recirculating Ball & Nut Steering System
  • Manual Rack And Pinion Steering System

By Column Type, the global Steering Column market is segmented as-

  • Adjustable Steering Columns
  • Power Adjustable Steering Columns
  • Tilt-Adjustable Steering Columns
  • Non-Adjustable Steering Columns
  • Power One touch Adjustability
  • Touch Control Electronic Transmission Shifter Steering Column
  • Energy Absorbing Steering Columns

Steering Column Market: Regional Outlook

Based on geography, the Global steering column Market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. APEJ has grown into the largest market for steering columns in terms of CAGR owing to high demand for automotive in countries like India and China closely followed by North America and Europe. Passenger vehicles hold the largest market share presently. Market share for commercial vehicles is expected to show steady growth over the forecast period. Steady growth is expected in the Middle East over the forecast period. Asia Pacific is expected to continue leading the steering column market, both in demand and supply. The global steering column market growth is positive during the forecast period.

Steering Column Market: Key players

Some of the key players in the global steering Column market are Hangzhou Feiyue Automobile Parts Co., Ltd., Technymon Srl India, ATP AUTO TRUCK PARTS YEDEK PARCA SAN VE TIC. LTD. STI., Anhui Finetech Machinery Co., Ltd., Ningbo CIE Corporation, Oyster Europe Limited, Qi Automotive Ltd, Hyundai Glovis, BNL (UK) Limited, Hubei Tri-Ring Motor Steering Gear Co., Ltd., MSGroup, Nakanishi Metal Works Co Ltd

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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