Market Overview:
The global automotive steering column module market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. On the basis of type, the global automotive steering column module market has been segmented into on-the-steering wheel and around/below-the-steering wheel. The on-the-steering wheel segment is expected to account for a major share of the global automotive steering column module market during the forecast period. This can be attributed to its growing popularity among consumers owing to its easy installation and convenience features. Based on application, the global automotive steering column module market has been classified into passenger cars and commercial vehicles.
Product Definition:
An automotive steering column module is a device that helps to control the direction of a vehicle. It typically consists of a steering wheel, shaft, and gears that work together to turn the front wheels. The module also includes various sensors and electronics that help to determine the position of the wheel and send this information to other systems in the car. This allows for features like power steering, cruise control, and lane departure warning systems. The automotive steering column module is an important part of any modern car and its function cannot be underestimated.
On the Steering Wheel:
On the steering wheel is a control device that has two main functions, it helps in controlling the vehicle speed and also helps in changing gears. It’s an essential part of any steering column. The market for on-the-steering-wheel (OTSW) is growing at a significant pace owing to its increasing demand across all automotive segments including passenger cars, LCVs and HCVs.
Around/Below the Steering Wheel:
Around/Below the steering wheel (ABW) is a technology that enables advanced safety features such as blind-spot detection, lane departure warning and traffic sign recognition. It also helps in monitoring vehicle’s overall performance and identifying potential issues with vehicle handling.
The automotive steering column module market size was valued at USD 1,849.0 million in 2016.
Application Insights:
The passenger cars segment dominated the global automotive steering column module market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to increasing demand for passenger vehicles in developing countries such as India, China and Brazil on account of growing middle-class population and rapid urbanization. Furthermore, stringent government regulations regarding safety requirements are expected to drive the demand further over the forecast period.
Commercial vehicles segment is anticipated to witness significant growth during the forecast period owing to rising use of commercial buses and trucks across various regions including North America and Europe. Moreover, stringent emission norms adopted by regional governments are expected to increase fuel efficiency of commercial vehicle thereby driving their sales significantly over next few years.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand for automobiles and rising disposable income of consumers. Furthermore, supportive government regulations aimed at promoting sales of electric vehicles are anticipated to drive regional growth over the coming years.
Europe accounted for a significant share in global automotive steering column module industry on account of high demand from passenger cars and commercial vehicles segments. Countries such as Germany, France, Italy and U.K are projected to boost regional growth during the forecast period due to growing automotive production bases along with consumer preference towards advanced technologies such as driverless cars and self-driving trucks & buses that require enhanced safety features integrated into vehicle control systems including steering column modules at B2B level).
Growth Factors:
- Increasing demand for luxury and comfort in vehicles
- Growing automotive industry in developing countries
- Rising demand for electric and hybrid vehicles
- Technological advancements in steering column modules
- Stringent safety norms for automobiles
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Steering Column Module Market Research Report
By Type
On the Steering Wheel, Around/Below the Steering Wheel
By Application
Passenger Cars, Commercial Vehicles
By Companies
ZF, Leopold Kostal Gmbh & Co. KG, Nexteer Automotive, Valeo, Merit Automotive Electronics Systems, BCS Automotive, Weastec inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Steering Column Module Market Report Segments:
The global Automotive Steering Column Module market is segmented on the basis of:
Types
On the Steering Wheel, Around/Below the Steering Wheel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ZF
- Leopold Kostal Gmbh & Co. KG
- Nexteer Automotive
- Valeo
- Merit Automotive Electronics Systems
- BCS Automotive
- Weastec inc
Highlights of The Automotive Steering Column Module Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On the Steering Wheel
- Around/Below the Steering Wheel
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Steering Column Module Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The Automotive Steering Column Module is a device that helps control the direction of a car's steering. It is located in the car's steering column and connects to the car's wheels.
Some of the major players in the automotive steering column module market are ZF, Leopold Kostal Gmbh & Co. KG, Nexteer Automotive, Valeo, Merit Automotive Electronics Systems, BCS Automotive, Weastec inc.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Steering Column Module Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Automotive Steering Column Module Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automotive Steering Column Module Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Automotive Steering Column Module Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Automotive Steering Column Module Market Size & Forecast, 2018-2028 4.5.1 Automotive Steering Column Module Market Size and Y-o-Y Growth 4.5.2 Automotive Steering Column Module Market Absolute $ Opportunity
Chapter 5 Global Automotive Steering Column Module Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Steering Column Module Market Size Forecast by Type
5.2.1 On the Steering Wheel
5.2.2 Around/Below the Steering Wheel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Steering Column Module Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Steering Column Module Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Steering Column Module Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Steering Column Module Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Steering Column Module Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Steering Column Module Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Steering Column Module Market Size Forecast by Type
9.6.1 On the Steering Wheel
9.6.2 Around/Below the Steering Wheel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Steering Column Module Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Steering Column Module Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Steering Column Module Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Steering Column Module Market Size Forecast by Type
10.6.1 On the Steering Wheel
10.6.2 Around/Below the Steering Wheel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Steering Column Module Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Steering Column Module Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Steering Column Module Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Steering Column Module Market Size Forecast by Type
11.6.1 On the Steering Wheel
11.6.2 Around/Below the Steering Wheel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Steering Column Module Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Steering Column Module Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Steering Column Module Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Steering Column Module Market Size Forecast by Type
12.6.1 On the Steering Wheel
12.6.2 Around/Below the Steering Wheel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Steering Column Module Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Steering Column Module Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Steering Column Module Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Steering Column Module Market Size Forecast by Type
13.6.1 On the Steering Wheel
13.6.2 Around/Below the Steering Wheel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Steering Column Module Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Steering Column Module Market: Competitive Dashboard
14.2 Global Automotive Steering Column Module Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ZF
14.3.2 Leopold Kostal Gmbh & Co. KG
14.3.3 Nexteer Automotive
14.3.4 Valeo
14.3.5 Merit Automotive Electronics Systems
14.3.6 BCS Automotive
14.3.7 Weastec inc