Steering Column Market Developments, Trends, Analysis, and Forecast by 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Coverage: Steering Column Market covers analysis By Vehicle type (Passenger cars, Commercial vehicles); Steering system (Manual Worm and Roller, Power, Manual Recirculating Ball and Nut, Manual Rack And Pinion); Column type (Adjustable, Power Adjustable, Tilt-Adjustable, Non-Adjustable, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Date : Aug 2025
  • Report Code : TIPRE00022722
  • Category : Automotive and Transportation
  • Status : Upcoming
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

The Steering Column Market is expected to register a CAGR of 5.6% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

Steering Column Market covers analysis By Vehicle type (Passenger cars, Commercial vehicles); Steering system (Manual Worm and Roller, Power, Manual Recirculating Ball and Nut, Manual Rack And Pinion); Column type (Adjustable, Power Adjustable, Tilt-Adjustable, Non-Adjustable, Others)

Purpose of the Report

The report Steering Column Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Steering Column Market Segmentation

Vehicle type

  • Passenger cars
  • Commercial vehicles;

Steering system

  • Manual Worm and Roller
  • Power
  • Manual Recirculating Ball and Nut
  • Manual Rack And Pinion;

Column type

  • Adjustable
  • Power Adjustable
  • Tilt-Adjustable
  • Non-Adjustable
  • Others

Geography

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

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Steering Column Market: Strategic Insights

steering-column-market
  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Steering Column Market Growth Drivers

  • Increasing Demand for Electrically Assisted Steering Systems: Electrically Assisted Hydraulic Power Steering (E-HPS) in commercial vehicles is witnessing increasing adaptation. It enhances vehicle handling and reduces fuel consumption, making it extremely in demand for producers.
  • Future Electric and Autonomous Vehicles: Due to its move towards electric and autonomous vehicles, the demand for advanced steering column systems is developed in the automotive industry. The new electric and autonomous vehicle requires an innovative steering solution that can be integrated with the presently evolving technologies and, hence, will drive demand in the market.
  • Increased Vehicle Production and Sales: Global growth in vehicle production, especially in emerging markets such as India and China, is a huge driver for the steering column market. The more vehicles are produced, the higher is the demand for steering column components. The global automotive market continues to grow, which in turn raises the demand for steering columns in passenger cars, commercial vehicles, and electric vehicles (EVs).

Steering Column Market Future Trends

  • Advanced Safety Features Integration: There's a positive trend towards integrations of advanced safety features in steering systems. Major consumers of today are increasingly concerned with the safety aspect of any product, which is increasingly influencing producers to work towards developing steering columns that improve vehicle safety and stability.
  • Integration of Steering Systems with Advanced Driver Assistance Systems (ADAS): With the growing ADAS, the demand for steering columns that integrate features such as lane-keeping assist, automatic emergency steering, and adaptive cruise control is on the rise. These systems demand more advanced steering mechanisms and precision control, thereby challenging innovation in steering column design and technology.

Steering Column Market Opportunities

  • E-Vehicle Infrastructure Development: With increased investment in e-vehicles, there is an enormous potential for steering column manufacturers to innovate and develop e-vehicle-specific solutions. This includes the development of lightweight as well as efficient steering systems that tend to respond to the specific needs of an electric drivetrain.
  • Smart steering system technologies: The advent of smart technology in a car that steers may also pave the way for extension in introducing features like steer-by-wire system and adaptive steering. It has all the prospects to bring improvements in user experience along with vehicle performance-a trend that is rapidly on the rise related to automobiles.

Steering Column Market Regional Insights

The regional trends and factors influencing the Steering Column Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Steering Column Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

steering-column-market-global-geography
  • Get the Regional Specific Data for Steering Column Market

Steering Column Market Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) 5.6%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Vehicle type
  • Passenger cars
  • Commercial vehicles;
By Steering system
  • Manual Worm and Roller
  • Power
  • Manual Recirculating Ball and Nut
  • Manual Rack And Pinion;
By Column type
  • Adjustable
  • Power Adjustable
  • Tilt-Adjustable
  • Non-Adjustable
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Anhui Finetech Machinery Co., Ltd.
  • BNL (UK) Limited
  • Coram Europe S.r.l.
  • Hangzhou Feiyue Automobile Parts Co., Ltd.
  • HYUNDAIGLOVIS co.,ltd
  • M.S. Group
  • Ningbo CIE Corporation
  • Nakanishi Metal Works Co Ltd
  • Pailton Engineering Ltd.

  • Steering Column Market Players Density: Understanding Its Impact on Business Dynamics

    The Steering Column Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Steering Column Market are:

    1. Anhui Finetech Machinery Co., Ltd.
    2. BNL (UK) Limited
    3. Coram Europe S.r.l.
    4. Hangzhou Feiyue Automobile Parts Co., Ltd.
    5. HYUNDAIGLOVIS co.,ltd

    Disclaimer: The companies listed above are not ranked in any particular order.


    steering-column-market-cagr

    • Get the Steering Column Market top key players overview

    Key Selling Points

    • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Steering Column Market, providing a holistic landscape.
    • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
    • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
    • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

    The research report on the Steering Column Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.


    Frequently Asked Questions

    What are the options available for the customization of this report?

    Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.

    What are the deliverable formats of the steering column market report?

    The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.

    Which are the leading players operating in the steering column market

    The major players in the market includes Nexteer Automotive, NSK Ltd., Thyssenkrupp AG, Robert Bosch GmbH, JTEKT CORPORATION, Mitsubishi Electric, China Automotive Systems Inc., ZF Friedrichshafen AG, HL Command, Hyundai Mobis, Showa Corporation, TRW Automotive

    What is the expected CAGR of the Steering Column Market?

    The Steering Column Market is estimated to witness a CAGR of 5.6% from 2023 to 2031

    What are the restraining factors impacting the global steering column market?

    High manufacturing cost of the steering column hinders the market growth.

    What are the driving factors impacting the steering column market?

    The major factors driving the steering column market are: Rising automotive production across the globe with rising demand for electrically assisted steering systems drives the market growth.

    Naveen Chittaragi
    Naveen Chittaragi
    Associate Vice President,
    Market Research & Consulting

    Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

    Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

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    • Market Size Value / Volume - Global, Regional, Country
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    Our Clients
    The List of Companies

    1. Anhui Finetech Machinery Co., Ltd.
    2. BNL (UK) Limited
    3. Coram Europe S.r.l.
    4. Hangzhou Feiyue Automobile Parts Co., Ltd.
    5. HYUNDAIGLOVIS co.,ltd
    6. M.S. Group
    7. Ningbo CIE Corporation
    8. Nakanishi Metal Works Co Ltd
    9. Pailton Engineering Ltd.
    10. Technymon LTD
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