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Automotive Steering Column Market: Driver
Growing demand for electric power steering driving advanced steering column adoption to drive growth
The key factor driving the global automotive steering column market growth is the growing demand for electric power steering, which is driving advanced steering column adoption. Technology advances have helped steering systems in evolving from manual to EPS and steer-by-wire systems. The EPS system incorporates various components in the vehicle's steering column. For instance, Nexteer Automotive Corporations Column Assist EPS integrates various electronics such as motors, sensors, and the steering-assist mechanism with the steering column. In addition, as EPS makes vehicles highly fuel-efficient, thus, its adoption is increasing in passenger cars. The Tata Nano Twist manufactured by India-based Tata was one of the most affordable cars, from 2014 until 2018. When the company discontinued its production in 2018, the vehicle was fitted with EPS. Thus, the increasing adoption of EPS will drive market growth during the forecast period.
Automotive Steering Column Market: Challenges
Increasing penetration of steer-by-wire technology to hamper the growth of the automotive steering column market
The key challenge to the global automotive steering column market growth is the increasing penetration of steer-by-wire technology. The benefit of steer-by-wire technology includes better handling and safety. The steer-by-wire system also provides improved performance, reliability, and safety with reduced manufacturing and operating costs and better fuel economy. Japan-based INFINITI automaker offers SBW systems in Q-series vehicles, with Q50 being the most prominent one. SBW systems bring enhanced safety with reduced crash impact owing to fewer mechanical linkages and components as needed in the case of conventional steering systems. The elimination of mechanical linkages makes it easier for automakers to design and manufacture vehicles with left-hand and right-hand drives. This leads to simpler design in terms of reduced mechanical parts. Such factors will limit the market growth during the forecast period.
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Automotive Steering Column Market: Segmentation Analysis
Technavio market research report segments the automotive steering column market by Application (Passenger cars and commercial vehicles) and Geographic (APAC, Europe, North America, South America, and the Middle East and Africa).
The automotive steering column market share growth in the passenger cars segment will be significant for revenue generation. The significant increase in the demand for passenger cars from emerging economies owing to factors such as the rise in disposable income will facilitate the market growth through this segment in the coming years.
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Automotive Steering Column Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.61% |
Market growth 2022-2026 |
USD 3.52 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.45 |
Performing market contribution |
APAC at 68% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
BorgWarner Inc., Coram Europe Srl, Fuji Autotech AB, Huhei Henglong Auto System Group, JTEKT Corp., Leopold Kostal GmbH & Co. KG, Mando Corp., Nexteer Automotive Group Ltd., NSK Ltd., Pailton Engineering Ltd., Robert Bosch GmbH, thyssenkrupp AG, Yamada Manufacturing Co. Ltd., ZF Friedrichshafen AG, and Continental AG |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Passenger car - Market size and forecast 2021-2026
- Exhibit 28: Chart on Passenger car - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Passenger car - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Passenger car - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Passenger car - Year-over-year growth 2021-2026 (%)
- 5.4 Commercial vehicle - Market size and forecast 2021-2026
- Exhibit 32: Chart on Commercial vehicle - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Commercial vehicle - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Commercial vehicle - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Commercial vehicle - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Application
- Exhibit 36: Market opportunity by Application ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 Japan - Market size and forecast 2021-2026
- Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.11 India - Market size and forecast 2021-2026
- Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.12 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 Coram Europe Srl
- Exhibit 89: Coram Europe Srl - Overview
- Exhibit 90: Coram Europe Srl - Product / Service
- Exhibit 91: Coram Europe Srl - Key offerings
- 10.4 Fuji Autotech AB
- Exhibit 92: Fuji Autotech AB - Overview
- Exhibit 93: Fuji Autotech AB - Product / Service
- Exhibit 94: Fuji Autotech AB - Key offerings
- 10.5 JTEKT Corp.
- Exhibit 95: JTEKT Corp. - Overview
- Exhibit 96: JTEKT Corp. - Business segments
- Exhibit 97: JTEKT Corp. - Key news
- Exhibit 98: JTEKT Corp. - Key offerings
- Exhibit 99: JTEKT Corp. - Segment focus
- 10.6 Leopold Kostal GmbH Co. KG
- Exhibit 100: Leopold Kostal GmbH Co. KG - Overview
- Exhibit 101: Leopold Kostal GmbH Co. KG - Product / Service
- Exhibit 102: Leopold Kostal GmbH Co. KG - Key offerings
- 10.7 Nexteer Automotive Group Ltd.
- Exhibit 103: Nexteer Automotive Group Ltd. - Overview
- Exhibit 104: Nexteer Automotive Group Ltd. - Business segments
- Exhibit 105: Nexteer Automotive Group Ltd. - Key news
- Exhibit 106: Nexteer Automotive Group Ltd. - Key offerings
- Exhibit 107: Nexteer Automotive Group Ltd. - Segment focus
- 10.8 NSK Ltd.
- Exhibit 108: NSK Ltd. - Overview
- Exhibit 109: NSK Ltd. - Business segments
- Exhibit 110: NSK Ltd. - Key offerings
- Exhibit 111: NSK Ltd. - Segment focus
- 10.9 Pailton Engineering Ltd.
- Exhibit 112: Pailton Engineering Ltd. - Overview
- Exhibit 113: Pailton Engineering Ltd. - Product / Service
- Exhibit 114: Pailton Engineering Ltd. - Key offerings
- 10.10 Robert Bosch GmbH
- Exhibit 115: Robert Bosch GmbH - Overview
- Exhibit 116: Robert Bosch GmbH - Business segments
- Exhibit 117: Robert Bosch GmbH - Key news
- Exhibit 118: Robert Bosch GmbH - Key offerings
- Exhibit 119: Robert Bosch GmbH - Segment focus
- 10.11 thyssenkrupp AG
- Exhibit 120: thyssenkrupp AG - Overview
- Exhibit 121: thyssenkrupp AG - Business segments
- Exhibit 122: thyssenkrupp AG - Key news
- Exhibit 123: thyssenkrupp AG - Key offerings
- Exhibit 124: thyssenkrupp AG - Segment focus
- 10.12 ZF Friedrichshafen AG
- Exhibit 125: ZF Friedrichshafen AG - Overview
- Exhibit 126: ZF Friedrichshafen AG - Business segments
- Exhibit 127: ZF Friedrichshafen AG - Key news
- Exhibit 128: ZF Friedrichshafen AG - Key offerings
- Exhibit 129: ZF Friedrichshafen AG - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 130: Inclusions checklist
- Exhibit 131: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 132: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 133: Research methodology
- Exhibit 134: Validation techniques employed for market sizing
- Exhibit 135: Information sources
- 11.5 List of abbreviations
- Exhibit 136: List of abbreviations
About Technavio
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