Steering Column Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The Steering Column System is a device that connects the entire system and transmits the driver's response rotation to the steering wheel. A transferable housing holds a foldable revolving shaft in the steering column mechanism. The steering column system is connected to the steering gear shaft by a flexible point, which allows the driver's position and transmission to be less affected by road shocks.

MARKET SCOPE

The "Global Steering column Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the steering column market with detailed market segmentation by vehicle type, steering system, column type, and geography. The report provides key statistics on the market status of the leading steering column market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on vehicle type, the global steering column market is segmented into passenger cars and commercial vehicles.
  
•   On the basis of steering system, the market is segmented into manual worm and roller, power, manual recirculating ball and nut and manual rack and pinion.
  
•   Based on column type, the market is bifurcated into supermarkets and adjustable, power adjustable, tilt-adjustable, non-adjustable and others.
  

MARKET DYNAMICS
Drivers

•   The market for steering columns systems would be boosted by positive expansion in the automobile industry.
  
•   Customers' purchasing power is increasing.
  
•   The need for steering columns systems is being influenced by rising vehicle production in various regions of the world.
  

Restraints

•   The high capital and research and development expenses associated with the manufacture and development of steering columns systems are important market limitations.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The steering column market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the steering column market in these regions.

IMPACT OF COVID-19 ON STEERING COLUMN MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Steering Column Market Report Analysis

Steering Column Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Anhui Finetech Machinery Co., Ltd.
• BNL (UK) Limited
• Coram Europe S.r.l.
• Hangzhou Feiyue Automobile Parts Co., Ltd.
• HYUNDAIGLOVIS co.,ltd
• M.S. Group
• Ningbo CIE Corporation
• Nakanishi Metal Works Co Ltd
• Pailton Engineering Ltd.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Vehicle type

• Passenger cars
• Commercial vehicles

By Steering system

• Manual Worm and Roller
• Power
• Manual Recirculating Ball and Nut
• Manual Rack And Pinion

By ColuMillion type

• Adjustable
• Power Adjustable
• Tilt-Adjustable
• Non-Adjustable

MARKET PLAYERS

The report covers key developments in the steering column market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from steering column market are anticipated to lucrative growth opportunities in the future with the rising demand for steering column in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the steering column market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Anhui Finetech Machinery Co., Ltd.
  
•   BNL (UK) Limited
  
•   Coram Europe S.r.l.
  
•   Hangzhou Feiyue Automobile Parts Co., Ltd.
  
•   HYUNDAIGLOVIS co.,ltd
  
•   M.S. Group
  
•   Ningbo CIE Corporation
  
•   Nakanishi Metal Works Co Ltd
  
•   Pailton Engineering Ltd.
  
•   Technymon LTD
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Steering Column Market Report Scope