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Global Automotive Steering Column and Steering Shaft Market Growth 2024-2030
Product Code:977140
Published Date: Jan 08,2024
Pages: 113
Region: Global
Category: Automobile & Transportation
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According to our LPI (LP Information) latest study, the global Automotive Steering Column and Steering Shaft market size was valued at US$ million in 2023. With growing demand in downstream market, the Automotive Steering Column and Steering Shaft is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.
The research report highlights the growth potential of the global Automotive Steering Column and Steering Shaft market. Automotive Steering Column and Steering Shaft are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Automotive Steering Column and Steering Shaft. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Automotive Steering Column and Steering Shaft market.
The automobile steering column and steering drive shaft assembly are the connecting parts installed between the steering wheel and the steering gear. It is mainly used to control the direction of the car, transmit torque, and absorb the energy when the car hits. In order to meet the driver's comfort requirements, the up and down and front and back directions of the steering column can be adjusted. After being installed and connected with the ignition lock, the car's anti-theft lock function can be realized. According to the structure type, the steering column can be divided into: mechanically adjustable tilt angle, electric adjustable lift type, pneumatic adjustable tilt angle, collapse energy absorption type, ordinary type, etc. According to the structure, the steering transmission shaft can be divided into: ball type, nylon coating type, nylon injection type, collapse energy absorption type, etc.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Key Features:
The report on Automotive Steering Column and Steering Shaft market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Automotive Steering Column and Steering Shaft market. It may include historical data, market segmentation by Type (e.g., Steering Column, Steering Shaft), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Automotive Steering Column and Steering Shaft market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Automotive Steering Column and Steering Shaft market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Automotive Steering Column and Steering Shaft industry. This include advancements in Automotive Steering Column and Steering Shaft technology, Automotive Steering Column and Steering Shaft new entrants, Automotive Steering Column and Steering Shaft new investment, and other innovations that are shaping the future of Automotive Steering Column and Steering Shaft.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Automotive Steering Column and Steering Shaft market. It includes factors influencing customer ' purchasing decisions, preferences for Automotive Steering Column and Steering Shaft product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Automotive Steering Column and Steering Shaft market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Automotive Steering Column and Steering Shaft market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Automotive Steering Column and Steering Shaft market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Automotive Steering Column and Steering Shaft industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Automotive Steering Column and Steering Shaft market.
Market Segmentation:
Automotive Steering Column and Steering Shaft market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Steering Column
Steering Shaft
Segmentation by application
Commercial Vehicle
Passenger Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bosch
Continental AG
Showa Corporation
JTEKT
Northern Heavy Industries Group Co., Ltd.
NSK Group
Schaeffler AG
ZF
P.T Autotech Indonesia
Nexteer Automotive
Global Steering Systems
THK Rhythm Automotive
Mando
ThyssenKrupp
Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Steering Column and Steering Shaft market?
What factors are driving Automotive Steering Column and Steering Shaft market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Steering Column and Steering Shaft market opportunities vary by end market size?
How does Automotive Steering Column and Steering Shaft break out type, application?RELATED REPORTS
- 08
Jun
2021
According to this latest study, the 2021 growth of Automotive Steering Column and Steering Shaft will have significant change from previous year. By the most conservative estimates of global Automotive Steering Column and Steering Shaft market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ xx million in 2020. Over the next five years the Automotive Steering Column and Steering Shaft market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2026.
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