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Global Automotive Adjustable Steering System Market 2019-2023

  • Published: Jul 2019
  • Pages: 123
  • SKU: IRTNTR31773
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The global automotive adjustable steering system market size will grow by USD 8.95 billion during 2019-2023. This market report provides a detailed analysis of the market by type (manually adjustable steering and electrically adjustable steering) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on many market vendors, including DENSO Corp., JTEKT Corp., Nexteer Automotive Corp., NSK Ltd., and Robert Bosch GmbH.

Some of the key findings from our automotive adjustable steering system market forecast report are summarized below

Automotive Adjustable Steering System Market

 

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Global Automotive Adjustable Steering System Industry Overview

Vendors are making constant improvements in automotive steering systems by adding advanced features to improve their sales. Features such as adjustable steering columns are meant to enhance safety and convenience, increasing the demand for such components from the automotive OEMs. On the other hand, the intensifying competition in the automotive market is propelling the OEMs to incorporate technologically advanced equipment in a wide range of vehicles. As a result, the incorporation of adjustable steering systems is increasing in the entry-level and mid-segment vehicles also.

Consequently, luxury vehicles are undergoing further enhancements in terms of technology to keep them abreast in terms of exclusivity. Leveraging on such requirements, vendors have come up with memory sensing adjustable steering columns, which are increasingly being incorporated into luxury vehicles. Therefore, the rising adoption of adjustable steering systems in entry-level and mid-segment vehicles is one of the crucial automotive adjustable steering system market growth drivers. This factor will drive the growth of the market at a CAGR of over 5% over the forecast period.

Steering columns are gaining popularity owing to their advanced safety systems. For instance, a collapsible steering column is a passive safety system that protects the driver from getting injured in case of a frontal collision. This steering column is further being enhanced in terms of functionality. The telescopic type steering column and the tilt and telescopic model have improved collision safety. These factors are increasing the adoption of advanced steering columns among automotive OEMs. Therefore, the growing popularity of the steering column as an advanced safety system is one of the key automotive adjustable steering system market trends.

Top Automotive Adjustable Steering System Companies Covered in this Market Research Report

The global automotive adjustable steering system market is moderately fragmented. To help clients improve their market positions, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automotive adjustable steering system market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several leading automotive adjustable steering system manufacturers, including:

  • DENSO Corp.
  • JTEKT Corp.
  • Nexteer Automotive Corp.
  • NSK Ltd.
  • Robert Bosch GmbH

Automotive Adjustable Steering System Market Segmentation Based on Product

  • Manually adjustable steering
  • Electrically adjustable steering

The manually adjustable steering segment held the largest market share in 2018. It will account for the highest global automotive adjustable steering system market share over the forecast period. The wide adoption of manually adjustable steering in entry-level and mid-segment vehicles is expected to boost the growth of the market segment in the forthcoming years. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive adjustable steering system market size.

Automotive Adjustable Steering System Market Segmentation Based on Geographic Region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

With a complete study of the growth opportunities for the companies, it has been identified that APAC will account for the highest share of the automotive adjustable steering system market throughout the forecast period. Factors such as the rising demand for commercial vehicles owing to economic growth, significant automotive and automotive component manufacturing, and presence of a robust supplier base are contributing to the automotive adjustable steering system market growth in the region.

Key Highlights of the Global Automotive Adjustable Steering System Market for the Forecast Years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the automotive adjustable steering system market during the next five years
  • Precise estimation of the global automotive adjustable steering system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive adjustable steering system industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details of factors that will challenge the growth of automotive adjustable steering system companies

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TYPE

  • Market segmentation by type
  • Comparison by type
  • Manually adjustable steering - Market size and forecast 2018-2023
  • Electrically adjustable steering - Market size and forecast 2018-2023
  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Development of autonomous vehicles without steering wheels
  • Development of retractable steering wheel
  • Growing popularity of steering column as an advanced safety system

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • DENSO Corp.
  • JTEKT Corp.
  • Nexteer Automotive Corp.
  • NSK Ltd.
  • Robert Bosch GmbH

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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