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Global Automotive Adjustable Steering System Market 2019-2023

Global Automotive Adjustable Steering System Market 2019-2023

Global Automotive Adjustable Steering System Market: About this market

An automotive adjustable steering system improves the safety and comfort of the driver. Technavio’s automotive adjustable steering system market analysis considers sales from the manually adjustable steering and electrically adjustable steering segments. Our analysis also considers the sales of automotive adjustable steering system in APAC, Europe, MEA, North America, and South America. In 2018, the manually adjustable steering segment held the highest market share, which is expected to remain prevalent over the forecast period. Factors such as the rising installation of manually adjustable steering in entry-level and mid-segment vehicles will significantly help the market segment in maintaining its leading position. Also, our global automotive adjustable steering system report has observed market growth factors such as the pushing the increased cost to end-users driving revenue, increasing adoption of EPS, and rising adoption of adjustable steering system in entry-level and mid-segment vehicles. However, a slump in automotive production and sales, balancing design complication with functional safety requirement for optimal operation, and safety concerns due to faulty steering wheels may hamper the growth of the automotive adjustable steering system industry over the forecast period.

Global Automotive Adjustable Steering System Market: Overview

Rising adoption of adjustable steering system in entry-level and mid-segment vehicles

The rising competition among the automotive OEMs is prompting them to deploy technologically advanced equipment in a wide range of vehicles. As a result, the incorporation of adjustable steering systems in the entry-level and mid-segment vehicles is increasing. This will lead to the expansion of the automotive adjustable steering system market at a CAGR of over 5% during the forecast period.

Growing popularity of steering column as an advanced safety system

Vendors are innovating automotive adjustable steering systems to enhance their functionalities. For instance, steering columns are gaining popularity because of their advanced safety systems. Therefore, this trend will have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global automotive adjustable steering system market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global automotive adjustable steering system market is moderately fragmented. Technavio’s robust vendor analysis is designed to help clients in improving their market positions, and in line with this, this report provides a detailed analysis of several leading automotive adjustable steering system manufacturers, which include DENSO Corp., JTEKT Corp., Nexteer Automotive Corp., NSK Ltd., and Robert Bosch GmbH.

Also, the automotive adjustable steering system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


Companies Mentioned

DENSO Corp., JTEKT Corp., Nexteer Automotive Corp., NSK Ltd., and Robert Bosch GmbH.

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global automotive components market
      • Table Segments of global automotive components market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Product overview
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ billions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Manually adjustable steering - Market size and forecast 2018-2023
      • Table Manually adjustable steering - Market size and forecast 2018-2023 ($ billions)
      • Table Manually adjustable steering - Year-over-year growth 2019-2023 (%)
    • Electrically adjustable steering - Market size and forecast 2018-2023
      • Table Electrically adjustable steering - Market size and forecast 2018-2023 ($ billions)
      • Table Electrically adjustable steering - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ billions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ billions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ billions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ billions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ billions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Production slump in major automotive producing countries
      • Table Impact of drivers and challenges
  • Market trends
    • Development of autonomous vehicles without steering wheels
    • Development of retractable steering wheel
    • Growing popularity of steering column as an advanced safety system
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • DENSO Corp.
      • Table DENSO Corp. - Vendor overview
      • Table DENSO Corp. - Product segments
      • Table DENSO Corp. - Organizational developments
      • Table DENSO Corp. - Geographic focus
      • Table DENSO Corp. - Segment focus
      • Table DENSO Corp. - Key offerings
    • JTEKT Corp.
      • Table JTEKT Corp. - Vendor overview
      • Table JTEKT Corp. - Business segments
      • Table JTEKT Corp. - Organizational developments
      • Table JTEKT Corp. - Geographic focus
      • Table JTEKT Corp. - Segment focus
      • Table JTEKT Corp. - Key offerings
    • Nexteer Automotive Corp.
      • Table Nexteer Automotive Corp. - Vendor overview
      • Table Nexteer Automotive Corp. - Business segments
      • Table Nexteer Automotive Corp. - Organizational developments
      • Table Nexteer Automotive Corp. - Geographic focus
      • Table Nexteer Automotive Corp. - Segment focus
      • Table Nexteer Automotive Corp. - Key offerings
    • NSK Ltd.
      • Table NSK Ltd. - Vendor overview
      • Table NSK Ltd. - Business segments
      • Table NSK Ltd. - Organizational developments
      • Table NSK Ltd. - Geographic focus
      • Table NSK Ltd. - Segment focus
      • Table NSK Ltd. - Key offerings
    • Robert Bosch GmbH
      • Table Robert Bosch GmbH - Vendor overview
      • Table Robert Bosch GmbH - Business segments
      • Table Robert Bosch GmbH - Organizational developments
      • Table Robert Bosch GmbH - Geographic focus
      • Table Robert Bosch GmbH - Segment focus
      • Table Robert Bosch GmbH - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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