The Automotive Steering Column Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Automotive Steering Column Market?
The market size of the automotive steering column has experienced substantial growth lately. The growth is from $16.15 billion in 2024 and is projected to reach $16.98 billion in 2025. The compound annual growth rate (CAGR) is estimated to be 5.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Automotive Steering Column Industry?
By 2029, the Automotive Steering Column Global Market is expected to reach a size of $20.56 billion, with a Compound Annual Growth Rate (CAGR) of 4.9%.
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What are the Key Growth Drivers Fueling the Automotive Steering Column Market?
The key drivers in the automotive steering column market are:
• Increasing global vehicle production volumes
• Rising demand for advanced driver-assistance systems
• Growing emphasis on vehicle safety regulations
• Increasing adoption of electric power steering (EPS) systems
Global Market Segmentation: Identifying Major Automotive Steering Column Industry Segments
The automotive steering column market covered in this report is segmented –
1) By Steering System Type: Manual Rack And Pinion Steering System, Manual Worm And Roller Steering System, Manual Recirculating Ball And Nut Steering System, Hydraulic Power Steering System, Electric Power Steering System
2) By Vehicle Type: Passenger Vehicles, Commercial Vehicles, Electric Vehicles, Luxury Vehicles
3) By Technology Integration: Traditional Systems, Hybrid Systems, Fully Integrated Systems, Adaptive Steering Technologies
4) By End-User Applications: Original Equipment Manufacturer, Aftermarket, Fleet Management
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What are the Emerging Trends Shaping the Future of the Automotive Steering Column Market?
The key trends in the automotive steering column market are:
• Technological advancements in electric power steering (EPS) systems are emerging trends in the market.
• Integration of advanced driver-assistance systems (ADAS) with steering columns is shaping the future of the market.
• Development of steer-by-wire technology for enhanced driving experience is an upcoming trend.
• Advances in ergonomic steering designs for better driver comfort are emerging in the market.
Who Are the Top Competitors & Leading Players in the Automotive Steering Column Market?
Major players in the automotive steering column market are:
• Robert Bosch GmbH
• Tata Motors Limited
• ZF Friedrichshafen AG
• Thyssenkrupp AG
• Continental AG
• Mitsubishi Electric Corporation
• Aisin Corporation
• Valeo SA
• Schaeffler Group
• JTEKT Corporation
• Knorr-Bremse SteeringSystems GmbH
• NSK Ltd.
• Mando Corporation
• Nexteer Automotive Corporation
• Mitsuba Corporation
• Rivian Automotive Inc.
• Kongsberg Automotive
• Rane Group
• CORAM Group
• Pailton Engineering Ltd.
• Flaming River Industries Inc.
• Henglong Group
Regional Dominance: Which Area Leads the Global Automotive Steering Column Market?
North America was the largest region in the automotive steering column market in 2024
