Automotive Collapsible Steering Column Market - Global Forecast To 2030

Automotive Collapsible Steering Column Market Research Report Information, Vehicle Type (Passenger Vehicle and Commercial Vehicle), By Drive Type (4 wheel Drive, Rear Wheel Drive, All Wheel Drive), and by Regions - Global Forecast To 2030

ID: MRFR/AM/3696-HCR | 111 Pages | Author: Swapnil Palwe | February 2024         

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Automotive Collapsible Steering Column Market

Automotive Collapsible Steering Column Market is expected to be valued at USD 36,000 Million with a CAGR of 9% Forecast by 2030

Segmentation
By Vehicle Type Passenger Vehicle Commercial Vehicle
By Drive Type 4 wheel Drive Rear Wheel Drive All Wheel Drive
Key Players
Companies Profiled   Robert Bosch GmbH (Germany)    Nexteer Automotive(U.S.)    Schaeffler Technologies AG & Co(Germany)    Pailton Engineering (U.K.)    JTEKT Corporation (Japan)    NSK Ltd. (Japan)    Coram Group (Italy)    Sweet Manufacturing Inc.(U.S.)    Douglas Autotech Corporation (U.S.)
Drivers
Market Driving Forces   Increasing demand from end-users    for improving efficiency    safety and comfort    The rising integration of innovative driver assistance systems in vehicles    Improved disposable income of consumers
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Automotive Collapsible Steering Column Market Scenario


The Automotive Collapsible Steering Column market has witnessed transcendent change recently, owing to the rapid technological development in the automotive industry. With the advent of power steering, individuals have been exposed to a steering technology. This technology is not only superior in terms of technology as compared to traditional manual steering systems, but also more responsive and aids fuel efficiency. Electronic control over steering systems are expected to significantly impact the progress in the market owing to the increasing demand from end-users, for improving efficiency, safety and comfort.  Additionally, factors such as integration of advanced driver assistance systems in vehicles, combined with improved purchasing power of consumers, across the globe, are expected to further improve the scope of the automotive collapsible steering column market for a considerable period of time.  The auto industry, is in consensus that autonomous driving is the way forward, automotive steering manufacturers are expected to be under considerable limelight.  With IHS Automotive predicting sales, of over 21 million autonomous vehicles by the end of 2035, there are discussions regarding automotive steering in terms of a “legacy device”. As we enter the age of self-driving cars, there exists a hot debate regarding the importance of steering systems further casting lime lights on the automotive collapsible steering column market.


Regional Analysis


With the global economy changing extraordinarily, major emerging countries such as China, India, Thailand, and Indonesia, are becoming manufacturing hubs for global automotive players. As a result of increasing prosperity in the emerging economies, more and more people are able to afford owning vehicles, particularly in emerging Asian economies such as China and India. Leading global automotive players such as Volkswagen, BMW, Toyota, and Ford are entering into new emerging markets for business expansion so as to tap these rising consumer automobile preferences. As the global auto-manufacturers continue to expand into growing and emerging markets, the demand for automotive collapsible steering column will also rise.


Asia Pacific is the second largest market in the global automotive transmission market owing to factors such as growth in the production of passenger cars and LCV in the developing economies. Many OEMs are keen to open their production facilities in this region, especially, in the emerging nations such as China and India. The market for automotive collapsible steering column systems has been experiencing rapid growth in the last two years owing to the rising sales of passenger cars, emerging economies, shifting of global players and technological advancements.  Rampant rise in vehicle production in the region is also expected to majorly contribute in the automotive collapsible steering column market.


South America is expected to show significant expansion of the automotive collapsible steering column market in the coming years, considering the overall growth of the automotive sector, here.


Key Players


The key players of global automotive collapsible steering column market are Robert Bosch GmbH (Germany), Nexteer Automotive(U.S.), Schaeffler Technologies AG & Co(Germany), Pailton Engineering(U.K.) , JTEKT Corporation(Japan), NSK Ltd.(Japan), Coram Group (Italy), Sweet Manufacturing, Inc.(U.S.) and Douglas Autotech Corporation (U.S.). In 2016, these companies accounted for a share of XX% of the global market.


Market Segmentation Automotive Collapsible Steering Column Market Image


Intended Audience



  • Distributer & Supplier companies

  • End-users

  • Consultants and Investment bankers

  • Government as well as Independent Regulatory Authorities


Product Analysis



  • Product matrix which gives a detailed comparison of the market for different recycled product types


Additional Information



  • Regulatory Landscape

  • Pricing Analysis

  • Macroeconomic Indicators


Geographic Analysis



  • Geographical analysis across 15 countries


Company Information



  • Profiling of 10 key market players

  • In-depth analysis including SWOT analysis, and strategy information of related to report title

  • Competitive landscape including emerging trends adopted by major companies


The report for Global Automotive Collapsible Steering Column Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Report Scope:

Report Attribute/Metric Details
Market Size 2030 USD 36,000 Million
Compound Annual Growth Rate (CAGR) 9% (2022-2030)
Base Year 2022
Market Forecast Period 2022-2030
Historical Data 2019 & 2020
Market Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Vehicle Type and Drive Type
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Robert Bosch GmbH(Germany), Nexteer Automotive(U.S.), Schaeffler Technologies AG & Co(Germany), Pailton Engineering(U.K.) , JTEKT Corporation(Japan), NSK Ltd.(Japan), Coram Group (Italy), Sweet Manufacturing, Inc.(U.S.) and Douglas Autotech Corporation (U.S.)
Key Market Opportunities Increasing demand from end-users, for improving efficiency, safety and comfort
Key Market Dynamics The rising integration of innovative driver assistance systems in vehicles Improved disposable income of consumers




Frequently Asked Questions (FAQ) :

A few significant players of the global automotive collapsible steering column market are NSK Ltd.(Japan), Coram Group (Italy), Sweet Manufacturing, Inc.(U.S.), and Douglas Autotech Corporation (U.S.), among others.

The commercial vehicle segment is expected to drive market growth over the review period.

The rising integration of innovative driver assistance systems in vehicles, coupled with the improved disposable income of consumers, is subsequently driving the automotive collapsible steering column market growth.

The adobe flash player and adobe AIR segment is likely to witness the highest demand in the automotive collapsible steering column market.

The APAC region is expected to witness the highest growth owing to the booming automotive industry in the region.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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