Steering Columns System Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030
Steering Columns System is a device intended primarily for connecting the steering wheel to the steering mechanism or transferring the driver's input torque from the steering wheel. The steering column consists of a collapsible housing containing a collapsible rotating shaft. The steering column is connected to the input shaft of the steering gear by a flexible joint. This allows the alignment, and reduces the transmission of road shocks back to the driver. Some of the steering columns have an intermediate shaft, which runs at about an oblique angle, from the column to the steering gear. Some manufacturers fit sensors and control units to the steering column, that provide information to steering control modules as part of an electric assisted or 4-wheel steering system.
In the last several years, Global market of Steering Columns System developed smoothly, with an average growth rate of 3%. In 2015, Global revenue of Steering Columns System is nearly 13.5 billion USD; the actual production is about 96000 K units.
The global average price of Steering Columns System is in the decreasing trend, from 147.8 USD/Unit in 2011 to 141.0 USD/Unit in 2015. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of Steering Columns System includes Manually Adjustable, Non-adjustable and Electrically Adjustable. The production proportion of Manually Adjustable Steering Columns System in 2015 is about 66%.
The Global Steering Columns System Market size was xxx million USD with a CAGR xx % from 2018- 2022. It will stretch to xxx million USD in 2023 with a CAGR of xx % from 2023 - 2030.
As the report focuses on global Steering Columns System Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Bosch
JTEKT
Nexteer
ThyssenKrupp
TRW
NSK
Mando
Schaeffler
Continental
Fuji Kiko
Showa
Namyang
Henglong
Coram Group
Yamada
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Non-adjustable Steering Columns
Manually Adjustable Steering Columns
Electrically Adjustable Steering Columns
In Market segmentation by applications :
Passenger Vehicle
Commercial Vehicle
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Steering Columns System Market for the forecast period 2023 - 2030?
• What are the driving forces in the Steering Columns System Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Steering Columns System industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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