Automotive Rigid Steering Column Trends and Forecast
The future of the global automotive rigid steering column market looks promising with opportunities in the commercial vehicle and passenger vehicle markets. The global automotive rigid steering column market is expected to grow with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are growing emphasis on safety standards and regulations in the automotive industry and rising adoption of this rigid steering column as it provides support and structural integrity to the steering system.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Rigid Steering Column by Segment
The study includes a forecast for the global automotive rigid steering column by type, application, and region.
Automotive Rigid Steering Column Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Upper Steering Column
• Lower Steering Column
Automotive Rigid Steering Column Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Commercial Vehicles
• Passenger Vehicles
Automotive Rigid Steering Column Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Rigid Steering Column Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive rigid steering column companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive rigid steering column companies profiled in this report include-
• Thyssenkrupp
• DENSO
• Eaton
• Fujikiko
• HELLA
• COBO Group
• JTEKT
Automotive Rigid Steering Column Market Insights
Lucintel forecasts that upper steering column is expected to witness higher growth over the forecast period.
Within this market, passenger car is expected to witness higher growth.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Automotive Rigid Steering Column Market
Market Size Estimates: Automotive rigid steering column market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive rigid steering column market size by type, application, and region in terms of value ($B).
Regional Analysis: Automotive rigid steering column market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the automotive rigid steering column market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive rigid steering column market.
Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.
Preguntas frecuentes
Q1. What is the growth forecast for automotive rigid steering column market?
Answer: The global automotive rigid steering column market is expected to grow with a CAGR of 3.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the automotive rigid steering column market?
Answer: The major drivers for this market are growing emphasis on safety standards and regulations in the automotive industry and rising adoption of this rigid steering column as it provides support and structural integrity to the steering system.
Q3. What are the major segments for automotive rigid steering column market?
Answer: The future of the automotive rigid steering column market looks promising with opportunities in the commercial vehicle and passenger vehicle markets.
Q4. Who are the key automotive rigid steering column market companies?
Answer: Some of the key automotive rigid steering column companies are as follows:
• Thyssenkrupp
• DENSO
• Eaton
• Fujikiko
• HELLA
• COBO Group
• JTEKT
Q5. Which automotive rigid steering column market segment will be the largest in future?
Answer: Lucintel forecasts that upper steering column is expected to witness higher growth over the forecast period.
Q6. In automotive rigid steering column market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive rigid steering column market by type (upper steering column and lower steering column), application (commercial vehicles and passenger vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive Rigid Steering Column Market, Automotive Rigid Steering Column Market Size, Automotive Rigid Steering Column Market Growth, Automotive Rigid Steering Column Market Analysis, Automotive Rigid Steering Column Market Report, Automotive Rigid Steering Column Market Share, Automotive Rigid Steering Column Market Trends, Automotive Rigid Steering Column Market Forecast, Automotive Rigid Steering Column Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.