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Global Automotive Steering Column Market 2019-2023

Global Automotive Steering Column Market 2019-2023

About this market

Steering systems in the automotive industry have been recording continuous advances. They have evolved from purely mechanical hydraulic steering to completely electronic steer-by-wire systems. The market has witnessed recent advances help in enhancing the ease of driving and bolstering on-road safety. Apart from these, the demand for high fuel economy is one of the major drivers for technology advances, which has resulted in the development of EPS. The growing need for improving driver safety, comfort, convenience, and fuel efficiency has brought about many developments in the automotive industry. In EPS, the motor is mounted on the rack and pinion type steering gear while torque is applied to the steering column, which assists the driver to turn the steering wheel. The power to assist the steering wheel is obtained from the steering motor and not from the engine that helps in improving the fuel efficiency of the vehicle. Technavio’s analysts have predicted that the automotive steering column market will register a CAGR of over 6% by 2023.

Market Overview

Increasing global automobile sales

Emerging economies such as Brazil, China, and India have been registering rising demand for passenger cars. This is due to the increasing purchasing power of consumers and significant economic growth.

Increasing penetration of steer-by-wire technology

The steer-by-Wire technology helps to remove the physical connection between the steering wheel and the steering system with the help of electricity connected motors. It also helps to change the direction of the wheels. The increasing popularity of the steer-by-wirete chnology in the automotive industry would be a challenge for the growth of the global automotive steering column market during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the automotive steering column market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fairly concentrated and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Automotive Steering Column Market 2019-2023

Technavio recognizes the following companies as the key players in the global automotive steering column market: JTEKT Corporation, Nexteer Automotive Corporation, NSK Ltd., Robert Bosch GmbH, thyssenkrupp AG.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the continuous advances in automotive steering technology.”

According to the report, one of the major drivers for this market is the growing concern for controlling is pushing demand for collapsible steering column.

Further, the report states that one of the major factors hindering the growth of this market is the development of autonomous vehicles without steering wheels.

Companies Mentioned

JTEKT Corporation

Nexteer Automotive Corporation

NSK Ltd.

Robert Bosch GmbH

thyssenkrupp AG

  • 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 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 application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Passenger cars - Market size and forecast 2018-2023
      • Table Passenger cars - Market size and forecast 2018-2023 ($ billions)
      • Table Passenger cars - Year-over-year growth 2019-2023 (%)
    • Commercial vehicles - Market size and forecast 2018-2023
      • Table Commercial vehicles - Market size and forecast 2018-2023 ($ billions)
      • Table Commercial vehicles - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • 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 Impact of drivers and challenges
  • Market trends
    • Continuous advances in automotive steering technology
    • Development of foldable steering wheel concept
    • Emergence of all-electric power steering for commercial vehicles
    • 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
    • JTEKT Corporation
      • Table JTEKT Corporation - Vendor overview
      • Table JTEKT Corporation - Business segments
      • Table JTEKT Corporation - Organizational developments
      • Table JTEKT Corporation - Geographic focus
      • Table JTEKT Corporation - Segment focus
      • Table JTEKT Corporation - Key offerings
    • Nexteer Automotive Corporation
      • Table Nexteer Automotive Corporation - Vendor overview
      • Table Nexteer Automotive Corporation - Product segments
      • Table Nexteer Automotive Corporation - Organizational developments
      • Table Nexteer Automotive Corporation - Geographic focus
      • Table Nexteer Automotive Corporation - Segment focus
      • Table Nexteer Automotive Corporation - 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
    • thyssenkrupp AG
      • Table thyssenkrupp AG - Vendor overview
      • Table thyssenkrupp AG - Business segments
      • Table thyssenkrupp AG - Organizational developments
      • Table thyssenkrupp AG - Geographic focus
      • Table thyssenkrupp AG - Segment focus
      • Table thyssenkrupp AG - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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