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Global Automotive Steering Lock System Market 2019-2023

Global Automotive Steering Lock System Market 2019-2023

About this market

Emergence of all-electric power steering for commercial vehicles to drive growth in the market. Commercial vehicles have always followed passenger vehicles, as far of penetration or adoption of advanced/latest automotive technology is concerned. However, things have changed in the past five years or so. The prominent commercial vehicle OEMs have increased the penetration rate of the latest available technologies in trucks and buses. The same can be seen in steering systems used for commercial vehicles. Technavio’ s analysts have predicted that the automotive steering lock system market will register a CAGR of almost 7% by 2023.

Market Overview

Growing penetration rate of electric power steering systems

The global automotive steering system market is witnessing the growing use of electrically assisted steering systems and electric power steering. Factors such as intensifying competition in the global automotive industry and growing demand for safety, comfort, and convenience are pushing automakers to include advanced steering systems in their product offerings.

Faulty steering column lock can lead to safety concerns

The global automotive steering lock system market is growing in sync with the accelerating sales volume of automobiles. However, some factors are expected to hinder the growth of the concerned market. Any fault or malfunction of steering column lock can lead to safety issues, which can result in accident and collisions.

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

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including TOKAIRIKA and Valeo the competitive environment is quite intense. Factors such as the rising penetration rate of electric power steering systems and the emergence of all-electric power steering for commercial vehicles, will provide considerable growth opportunities to automotive steering lock system manufactures. Huf Hülsbeck & Fürst, Johnson Electric, Spark Minda, STRATTEC SECURITY, TOKAIRIKA, and Valeo are some of the major companies covered in this report.


  • 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 vehicles - Market size and forecast 2018-2023
      • Table Passenger vehicles - Market size and forecast 2018-2023 ($ billions)
      • Table Passenger vehicles - 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 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ billions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ billions)
      • Table Americas - 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
    • Development of advanced automotive steering system designs
    • Emergence of all-electric power steering for commercial vehicles
    • Developments in the field of steering system torque sensors
  • 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
    • Huf Hülsbeck & Fürst
      • Table Huf Hülsbeck & Fürst - Vendor overview
      • Table Huf Hülsbeck & Fürst - Business segments
      • Table Huf Hülsbeck & Fürst - Organizational developments
      • Table Huf Hülsbeck & Fürst - Key offerings
    • Johnson Electric
      • Table Johnson Electric - Vendor overview
      • Table Johnson Electric - Product segments
      • Table Johnson Electric - Organizational developments
      • Table Johnson Electric - Geographic focus
      • Table Johnson Electric - Segment focus
      • Table Johnson Electric - Key offerings
    • Spark Minda
      • Table Spark Minda - Vendor overview
      • Table Spark Minda - Product segments
      • Table Spark Minda - Organizational developments
      • Table Spark Minda - Segment focus
      • Table Spark Minda - Key offerings
    • STRATTEC SECURITY
      • Table STRATTEC SECURITY - Vendor overview
      • Table STRATTEC SECURITY - Business segments
      • Table STRATTEC SECURITY - Organizational developments
      • Table STRATTEC SECURITY - Segment focus
      • Table STRATTEC SECURITY - Key offerings
    • TOKAIRIKA
      • Table TOKAIRIKA - Vendor overview
      • Table TOKAIRIKA - Business segments
      • Table TOKAIRIKA - Organizational developments
      • Table TOKAIRIKA - Geographic focus
      • Table TOKAIRIKA - Segment focus
      • Table TOKAIRIKA - Key offerings
    • Valeo
      • Table Valeo - Vendor overview
      • Table Valeo - Business segments
      • Table Valeo - Organizational developments
      • Table Valeo - Geographic focus
      • Table Valeo - Segment focus
      • Table Valeo - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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