Global Automotive Collapsible Steering Column Market 2017-2021
Published: Apr 2017 | Pages: 70 | SKU: IRTNTR12454 |
Overview of the global automotive collapsible steering column market
Technavio’s market research report predicts that the global automotive collapsible steering column market will grow at a CAGR of above 2% during the forecast period. The growing demand for electric power steering (EPS) that is driving the adoption of collapsible columns is one of the primary drivers for market growth. EPS helps the driver to steer the wheels of the vehicle with lower manual force and is widely adopted by passenger cars. The rising adoption of EPS systems is mainly due to advantages such as fuel efficiency and weight reduction, low development costs, and low-maintenance costs. The EPS systems also offer great handling and are currently used in the small and compact cars. Also, the introduction of strict emission and fuel efficiency norms in the developed countries and the increasing need for fuel-efficient cars are likely to boost the setup of EPS in passenger cars. This wide application of EPS systems will drive the adoption of collapsible steering columns, in turn, fueling market growth.
One of the latest trends that will gain traction in the global automotive collapsible steering column market is the development of foldable steering wheel concept. Developed to protect the driver from a fatality during a collision on the front, the collapsible steering column allows the driver to guard his/her head against hitting the steering. A concept for collapsible steering column has already been designed by ZF-TRW where the steering wheel retracts completely into the dashboard. This concept offered more space on the front and was targeted at senior drivers providing them the convenience to get in and out of the vehicle easily.
Competitive analysis and key vendors
The global automotive collapsible steering column market consists of vendors competing in terms of quality, size, and performance of their products. With the introduction of steer-by-wire technology, the competition among the existing collapsible steering column vendors is likely to intensify in the coming years. Moreover, the market will also witness investments towards the development of new designs based on size and weight, which will also intensify the competition among the market players.
Key vendors in the market are:
- Bosch
- JTEKT Corporation
- Nexteer Automotive
- NSK
- Pailton Engineering
Other prominent vendors include Coram Group and Schaeffler.
Segmentation by vehicle type and analysis of the automotive collapsible steering column market
- Passenger cars
- Commercial vehicles
During 2016, the passenger cars vehicle type segment dominated the global automotive collapsible steering column market. However, due to the growing adoption of commercial vehicles across the globe and the increasing focus of safety features, the commercial vehicle market will witness a higher growth and dominate the market by the end of the forecast period.
Geographical segmentation and analysis of the automotive collapsible steering column market
- Americas
- APAC
- EMEA
In terms of geography, APAC led the global automotive collapsible steering column market during 2016 and is expected to continue the domination during the forecast period. The increasing adoption rates of the passenger cars and commercial vehicles will drive market growth in the region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global automotive collapsible steering column market?
- What are the key market trends impacting the global automotive collapsible steering column market?
- What are the challenges to market growth?
- Who are the key vendors in the global automotive collapsible steering column market?
- What are the market opportunities and threats faced by the vendors in the global automotive collapsible steering column market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global automotive collapsible steering column market?
Technavio also offers customization on reports based on specific client requirement.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
- Key market highlights
- Automotive steering system
- Power steering system components
- Design principles of the steering column
- Working of collapsible steering column
- Automotive collapsible steering column: Market dynamics
- Value chain analysis
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by vehicle type
- Global automotive collapsible steering column market by vehicle type
- Global automotive collapsible steering column market by passenger cars
- Global automotive collapsible steering column market by commercial vehicle
PART 07: Geographical segmentation
- Global automotive collapsible steering column market by geography
- Automotive collapsible steering column market in APAC
- Automotive collapsible steering column market in EMEA
- Automotive collapsible steering column market in Americas
PART 08: Decision framework
PART 09: Drivers and challenges
- Market drivers
- Market challenges
PART 10: Market trends
- Development of foldable steering wheel concept
- Growing popularity of collapsible steering column in an advanced safety system of passenger car
- Continuous advances in automotive steering technology
- Multi-axle dynamic steering system for better handling and driving characteristics
PART 11: Vendor landscape
- Competitive benchmarking
- Other prominent vendors
PART 12: Key vendor analysis
- Bosch
- JTEKT Corporation
- Nexteer Automotive
- NSK
- Pailton Engineering
PART 13: Appendix
- List of abbreviations
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.
INFORMATION 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
DATA 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
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
Why should you prefer Technavio's market insights report?
- Off-the-shelf research reports
- Reports can be tailored to meet the customer's needs
- Trusted by more than 100 fortune 500 organizations
- Information about the market's key drivers, trends, and challenges
- Parent market analysis
- Every week, 50,000 people visit our subscription platform
- Detailed vendors report with competitive landscape
- Covid-19 impact and recovery analysis
- Data on revenue-generating market segments
- Details on the market shares of various regions
- Five-force market analysis