Global Steering Column Control Modules Market
Market Size in USD Billion
CAGR :
% 
USD
16.74 Billion
USD
28.78 Billion
2021
2029
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 16.74 Billion |
 Market Size (Forecast Year) |
USD 28.78 Billion |
 CAGR |
% |
| Major Markets Players |
|
Global Steering Column Control Modules Market, By Switch Positioning (On the Steering Wheel, Below/Around the Steering Wheel), System Type (Hydraulic Steering, Electric Powered Hydraulic Steering, Electric Power Steering), Automobile Type (Commercial Vehicles, Heavy Duty Vehicles, Passenger Cars, Off-Road Vehicles), Distribution Channel (Original Equipment Manufacturer, Aftermarket Sellers) – Industry Trends and Forecast to 2029.
Steering Column Control Modules Market Analysis and Size
The global steering column control modules market is expected to witness significant growth during the forecast period due to the large space required and low fuel efficiency across the globe. The increasing popularity of comfort driving vehicles is expected to increase the integration of electric and hybrid vehicles across the globe, which are expected to boost the demand for the steering column control modules. Moreover, the “hydraulic power steering” is the fastest growing system type segment because it provides better steering feel and better fuel economy over the forecast period. Furthermore, growing investments by governments to introduce advanced technology strengthens the global market. The growing sales of electric vehicles is another major factor which is contributing to the global steering column control modules market growth globally.
Data Bridge Market Research analyses that the steering column control modules market was valued at USD 16.74 billion in 2021 and is expected to reach USD 28.78 billion by 2029, registering a CAGR of 7.01 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Steering Column Control Modules Market Scope and Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
|
Historic Years |
2020 (Customizable to 2014 - 2019) |
|
Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
|
Segments Covered |
Switch Positioning (On the Steering Wheel, Below/Around the Steering Wheel), System Type (Hydraulic Steering, Electric Powered Hydraulic Steering, Electric Power Steering), Automobile Type (Commercial Vehicles, Heavy Duty Vehicles, Passenger Cars, Off-Road Vehicles), Distribution Channel (Original Equipment Manufacturer, Aftermarket Sellers) |
|
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
|
Market Players Covered |
ZF Friedrichshafen AG (Germany), DENSO CORPORATION. (Japan), Valeo (France), Aptiv (U.S.), HYUNDAI MOBIS (Sweden), Leopold Kostal GmbH & Co. KG (U.S.), Eaton. (Ireland), Magna International Inc (Canada), Mando Corp. (South Korea), Robert Bosch GmbH (Germany), MAHLE GmbH (Germany), Hanon Systems (South Korea), Schaeffler AG (Germany), JTEKT Corporation. (Japan), BorgWarner Inc. (U.K.), Ididit. (U.S) |
|
Market Opportunities |
|
Market Definition
Steering column control modules is a kind of device used to connect the steering wheel for the rotational mechanism. They are mainly the switches installed all over the steering wheel and act as the primary network to all the other systems surrounding it. It incorporates power tilt/telescope column controls, pedal position controls, clock springs, steering angle sensors and other simple and complex switches.
Global Steering Column Control Modules Market Dynamics
Drivers
- Growing adoption of steering column control modules in automotive sector
The automotive trade has developed from manual steering systems to power steering system, which use especially for the interface between the steering column and steering wheel to transfer the driver's input rotation. However, the ability of steering column control modules have electronic and mechanics element which helps in comfortable driving and simultaneously increases the potency of the automotive. Hence, the ability of steering column control modules has been extensive and diverse all over the globe. Therefore, the adoption of these modules is accountable for increasing the demand of the steering column control modules, which are expected to drive the market growth rate.
- Increasing demand of steering column control modules due to safety concern
Steering column control modules have become an important part of the automobiles due to the growing safety concern of vehicle occupants and pedestrians, which is a major concern of manufacturers and many automakers. The manufacturers are trying to produce those steering column control modules with enhanced safety and comfort features at a much higher level.
Furthermore, increasing comfort features is an vital factor which is accelerating the market growth, also rising improvement in fuel efficiency which has provided by electric power steering (EPS), rising active safety systems, improved vehicle quality and augmented convenience are some of the major factors among others which are anticipated to boost the growth of the steering column control modules market.
Opportunities
- Use of steering column control modules in commercial vehicles
Steering column control modules is currently used in light marketable vehicles and passenger vehicles and has a limited presence in the heavy vehicles. With the technological advancements, steering column control modules could have a superior capability of integrating various operational switches for convenience in steering wheels and column due to this it is used in both commercial and marketable vehicle which will create immense opportunities for the market growth rate in upcoming years.
Moreover, increasing production of cars in automotive industry, rapid urbanization and modernization are some factors which will further create new opportunities for the steering column control modules market during the forecast period of 2022-2029.
Restraints/ Challenges
- Increasing cost of steering column
The increasing cost of the steering columns due to rise in the prices of raw materials is the vital factor among others which will obstruct the growth of the steering column control modules market in the above mentioned forecast period
Steering column control modules market is to produce these modules as the interconnection between several components and the systems in the steering assembly. This task will further challenge the steering column control modules market growth rate.
This steering column control modules market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the steering column control modules market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Steering Column Control Modules Market
The outbreak of COVID-19 pandemic has continued to impact the growth of the vehicles sector across the globe. Major OEMs, such as Ford, Toyota and General Motors, recorded a decrease in product manufacturing due to factory closures caused by this epidemic. This pandemic is expected to negatively affect the steering column control modules which is directly related to the vehicles products. The ongoing COVID-19 pandemic can be a limitation for many businesses together with the automotive business.
However, high demand is predicted to occur in the coming years that is predicted to recover the business output performance, growth consumption and the expansion of steering column control modules market
Global Steering Column Control Modules Market Scope
The steering column control modules market is segmented on the basis of switch positioning, system type, automobile type and distribution channel and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Switch Positioning
- On the Steering Wheel
- Below/Around the Steering Wheel
System Type
- Hydraulic Steering
- Electric Powered Hydraulic Steering
- Electric Power Steering
Automobile Type
- Commercial Vehicles
- Heavy Duty Vehicles
- Passenger Cars
- Off-Road Vehicles
Distribution Channel
- Original Equipment Manufacturer
- Aftermarket Sellers
Steering Column Control Modules Market Regional Analysis/Insights
The steering column control modules market is analysed and market size insights and trends are provided by country, switch positioning, system type, automobile type and distribution channel as referenced above.
The countries covered in the steering column control modules market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
Asia-Pacific dominates the steering column control modules market in terms of market share and market revenue. This is due to increased usage in end-use industries and increased the demand for easy grip and fuel efficient vehicles in this region.
North America is expected to be the fastest developing regions in the forecast period 2022-2029 due to the acceptance of electric and hybrid vehicles which is leading to improved sales of the automotive ECU market in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Steering Column Control Modules Market Share Analysis
The steering column control modules market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to steering column control modules market.
Some of the major players operating in the steering column control modules market are:
- ZF Friedrichshafen AG (Germany)
- DENSO CORPORATION. (Japan)
- Valeo (France)
- Aptiv (U.S.)
- HYUNDAI MOBIS (Sweden)
- Leopold Kostal GmbH & Co. KG (U.S.)
- Eaton. (Ireland)
- Magna International Inc (Canada)
- Mando Corp. (South Korea)
- Robert Bosch GmbH (Germany)
- MAHLE GmbH (Germany)
- Hanon Systems (South Korea)
- Schaeffler AG (Germany)
- JTEKT Corporation. (Japan)
- BorgWarner Inc. (U.K.)
- Ididit. (U.S)
SKU-
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Table of Content
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL STEERING COLUMN CONTROL MODULES MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL STEERING COLUMN CONTROL MODULES MARKET
2.2.1 VENDOR POSITIONING GRID
2.2.2 TECHNOLOGY LIFE LINE CURVE
2.2.3 MARKET GUIDE
2.2.4 COMPANY POSITIONING GRID
2.2.5 COMAPANY MARKET SHARE ANALYSIS
2.2.6 MULTIVARIATE MODELLING
2.2.7 TOP TO BOTTOM ANALYSIS
2.2.8 STANDARDS OF MEASUREMENT
2.2.9 VENDOR SHARE ANALYSIS
2.2.10 DATA POINTS FROM KEY PRIMARY INTERVIEWS
2.2.11 DATA POINTS FROM KEY SECONDARY DATABASES
2.3 GLOBAL STEERING COLUMN CONTROL MODULES MARKET: RESEARCH SNAPSHOT
2.4 ASSUMPTIONS
3 MARKET OVERVIEW
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
5.1 PORTER FIVE FORCES
5.2 REGULATORY STANDARDS
5.3 TECHNOLOGICAL TRENDS
5.4 PATENT ANALYSIS
5.5 SUPPLY CHAIN ANALYSIS
5.6 TRADE ANALYSIS: IMPORT & EXPORT SCENARIO
5.7 CASE STUDY ANALYSIS
5.8 COMPANY COMPARATIVE ANALYSIS: TOP SELLING MODEL VS PRICE RANGE
5.9 PRICING ANALYSIS
5.1 CONSUMER BUYING BEHAVIOUR
5.11 KEY STRATEGIC INITIATIVES
5.12 COMPANY COMPETITIVE ANALYSIS
5.12.1 STRATEGIC DEVELOPMENT
5.12.2 TECHNOLOGY IMPLEMENTATION PROCESS
5.12.2.1. CHALLENGES
5.12.2.2. INHOUSE IMPLEMENTATION/OUTSOURCED (THIRD PARTY) IMPLEMENTATION
5.12.3 CUSTOMER BASE
5.12.4 SERVICE POSITIONING
5.12.5 CUSTOMER FEEDBACK/RATING (B2B OR B2C)
5.12.6 APPLICATION REACH
5.12.7 SERVICE PLATFORM MATRIX
FIGURE 1 COMPANY COMPARATIVE ANALYSIS
Parameters Company A
Market Share
Growth (%)
Target Audience
Price Structure
Market Strategies
Customer Feedback
Service Positioning
Customer Feedback/Rating
Strategic Development
Application Reach
FIGURE 2 COMPANY SERVICE PLATFORM MATRIX
5.13 USED CASES & ITS ANALYSIS
FIGURE 3 FIG 4. USED CASE ANALYSIS
Company Product/Service offered
6 GLOBAL STEERING COLUMN CONTROL MODULES MARKET,BY FUNCTIONALITY
6.1 OVERVIEW
6.2 BASIC CONTROL FUNCTIONS
6.2.1 TURN INDICATORS
6.2.2 WIPER AND WASHER SYSTEMS
6.2.3 LIGHTING CONTROLS
6.2.4 HORN CONTROLS
6.3 ADVANCED DRIVER ASSISTANCE FEATURES (ADAS)
6.3.1 LANE KEEPING ASSIST
6.3.2 ADAPTIVE CRUISE CONTROL
6.3.3 STEERING ASSISTANCE SYSTEMS
6.4 INTEGRATED FEATURES
6.4.1 DRIVE MODE SELECTION
6.4.2 GESTURE CONTROLS
6.4.3 AUTONOMOUS STEERING FUNCTIONS
7 GLOBAL STEERING COLUMN CONTROL MODULES MARKET,BY TECHNOLOGY
7.1 OVERVIEW
7.2 CONVENTIONAL CONTROL MODULES
7.2.1 MECHANICALLY OPERATED
7.2.2 ELECTROMECHANICAL SYSTEMS
7.3 ADVANCED ELECTRONIC CONTROL MODULES
7.3.1 CAN-BUS ENABLED SYSTEMS
7.3.2 DRIVE-BY-WIRE SYSTEMS
7.3.3 FULLY DIGITAL STEERING SYSTEMS
8 GLOBAL STEERING COLUMN CONTROL MODULES MARKET,BY SALES CHANNEL
8.1 OVERVIEW
8.2 METAL-BASED MODULES
8.2.1 ALUMINUM
8.2.2 STEEL
8.3 PLASTIC AND COMPOSITE MODULES
8.3.1 HIGH-STRENGTH PLASTICS
8.3.2 CARBON FIBER REINFORCED COMPOSITES
9 GLOBAL STEERING COLUMN CONTROL MODULES MARKET,BY SALES CHANNEL
9.1 OVERVIEW
9.2 OEM
9.3 AFTERMARKET
10 GLOBAL STEERING COLUMN CONTROL MODULES MARKET, BY VEHICLE TYPE
10.1 OVERVIEW
10.2 PASSENGER VEHICLES
10.2.1 HATCHBACKS
10.2.2 SEDANS
10.2.3 SUVS
10.2.4 LUXURY VEHICLES
10.3 COMMERCIAL VEHICLES
10.3.1 LIGHT COMMERCIAL VEHICLES (LCVS)
10.3.2 HEAVY COMMERCIAL VEHICLES (HCVS)
10.4 ELECTRIC AND HYBRID VEHICLES
10.4.1 BATTERY ELECTRIC VEHICLES (BEVS)
10.4.2 HYBRID ELECTRIC VEHICLES (HEVS)
10.4.3 PLUG-IN HYBRID ELECTRIC VEHICLES (PHEVS)
11 GLOBAL STEERING COLUMN CONTROL MODULES MARKET, BY REGION
11.1 GLOBAL STEERING COLUMN CONTROL MODULES MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
11.1.1 NORTH AMERICA
11.1.1.1. U.S.
11.1.1.2. CANADA
11.1.1.3. MEXICO
11.1.2 EUROPE
11.1.2.1. GERMANY
11.1.2.2. FRANCE
11.1.2.3. U.K.
11.1.2.4. ITALY
11.1.2.5. SPAIN
11.1.2.6. RUSSIA
11.1.2.7. TURKEY
11.1.2.8. BELGIUM
11.1.2.9. NETHERLANDS
11.1.2.10. SWITZERLAND
11.1.2.11. REST OF EUROPE
11.1.3 ASIA PACIFIC
11.1.3.1. JAPAN
11.1.3.2. CHINA
11.1.3.3. SOUTH KOREA
11.1.3.4. INDIA
11.1.3.5. AUSTRALIA
11.1.3.6. SINGAPORE
11.1.3.7. THAILAND
11.1.3.8. MALAYSIA
11.1.3.9. INDONESIA
11.1.3.10. PHILIPPINES
11.1.3.11. REST OF ASIA PACIFIC
11.1.4 SOUTH AMERICA
11.1.4.1. BRAZIL
11.1.4.2. ARGENTINA
11.1.4.3. REST OF SOUTH AMERICA
11.1.5 MIDDLE EAST AND AFRICA
11.1.5.1. SOUTH AFRICA
11.1.5.2. SAUDI ARABIA
11.1.5.3. EGYPT
11.1.5.4. ISRAEL
11.1.5.5. REST OF MIDDLE EAST AND AFRICA
11.2 KEY PRIMARY INSIGHTS: BY MAJOR COUNTRIES
12 GLOBAL STEERING COLUMN CONTROL MODULES MARKET, COMPANY LANDSCAPE
12.1 COMPANY SHARE ANALYSIS: GLOBAL
12.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
12.3 COMPANY SHARE ANALYSIS: EUROPE
12.4 COMPANY SHARE ANALYSIS: ASIA PACIFIC
12.5 MERGERS & ACQUISITIONS
12.6 NEW PRODUCT DEVELOPMENT & APPROVALS
12.7 EXPANSIONS
12.8 REGULATORY CHANGES
12.9 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
13 GLOBAL STEERING COLUMN CONTROL MODULES MARKET, SWOT ANALYSIS
14 GLOBAL STEERING COLUMN CONTROL MODULES MARKET, COMPANY PROFILE
14.1 ZF FRIEDRICHSHAFEN AG
14.1.1 COMPANY SNAPSHOT
14.1.2 REVENUE ANALYSIS
14.1.3 GEOGRAPHIC PRESENCE
14.1.4 PRODUCT PORTFOLIO
14.1.5 RECENT DEVELOPMENTS
14.2 DENSO CORPORATION
14.2.1 COMPANY SNAPSHOT
14.2.2 REVENUE ANALYSIS
14.2.3 GEOGRAPHIC PRESENCE
14.2.4 PRODUCT PORTFOLIO
14.2.5 RECENT DEVELOPMENTS
14.3 VALEO
14.3.1 COMPANY SNAPSHOT
14.3.2 REVENUE ANALYSIS
14.3.3 GEOGRAPHIC PRESENCE
14.3.4 PRODUCT PORTFOLIO
14.3.5 RECENT DEVELOPMENTS
14.4 APTIV
14.4.1 COMPANY SNAPSHOT
14.4.2 REVENUE ANALYSIS
14.4.3 GEOGRAPHIC PRESENCE
14.4.4 PRODUCT PORTFOLIO
14.4.5 RECENT DEVELOPMENTS
14.5 HYUNDAI MOBIS
14.5.1 COMPANY SNAPSHOT
14.5.2 REVENUE ANALYSIS
14.5.3 GEOGRAPHIC PRESENCE
14.5.4 PRODUCT PORTFOLIO
14.5.5 RECENT DEVELOPMENTS
14.6 LEOPOLD KOSTAL GMBH & CO. KG
14.6.1 COMPANY SNAPSHOT
14.6.2 REVENUE ANALYSIS
14.6.3 GEOGRAPHIC PRESENCE
14.6.4 PRODUCT PORTFOLIO
14.6.5 RECENT DEVELOPMENTS
14.7 EATON CORPORATION
14.7.1 COMPANY SNAPSHOT
14.7.2 REVENUE ANALYSIS
14.7.3 GEOGRAPHIC PRESENCE
14.7.4 PRODUCT PORTFOLIO
14.7.5 RECENT DEVELOPMENTS
14.8 MAGNA INTERNATIONAL INC.
14.8.1 COMPANY SNAPSHOT
14.8.2 REVENUE ANALYSIS
14.8.3 GEOGRAPHIC PRESENCE
14.8.4 PRODUCT PORTFOLIO
14.8.5 RECENT DEVELOPMENTS
14.9 MANDO CORPORATION
14.9.1 COMPANY SNAPSHOT
14.9.2 REVENUE ANALYSIS
14.9.3 GEOGRAPHIC PRESENCE
14.9.4 PRODUCT PORTFOLIO
14.9.5 RECENT DEVELOPMENTS
14.1 ROBERT BOSCH GMBH
14.10.1 COMPANY SNAPSHOT
14.10.2 REVENUE ANALYSIS
14.10.3 GEOGRAPHIC PRESENCE
14.10.4 PRODUCT PORTFOLIO
14.10.5 RECENT DEVELOPMENTS
14.11 MAHLE GMBH
14.11.1 COMPANY SNAPSHOT
14.11.2 REVENUE ANALYSIS
14.11.3 GEOGRAPHIC PRESENCE
14.11.4 PRODUCT PORTFOLIO
14.11.5 RECENT DEVELOPMENTS
14.12 HANON SYSTEMS
14.12.1 COMPANY SNAPSHOT
14.12.2 REVENUE ANALYSIS
14.12.3 GEOGRAPHIC PRESENCE
14.12.4 PRODUCT PORTFOLIO
14.12.5 RECENT DEVELOPMENTS
14.13 SCHAEFFLER AG
14.13.1 COMPANY SNAPSHOT
14.13.2 REVENUE ANALYSIS
14.13.3 GEOGRAPHIC PRESENCE
14.13.4 PRODUCT PORTFOLIO
14.13.5 RECENT DEVELOPMENTS
14.14 JTEKT CORPORATION
14.14.1 COMPANY SNAPSHOT
14.14.2 REVENUE ANALYSIS
14.14.3 GEOGRAPHIC PRESENCE
14.14.4 PRODUCT PORTFOLIO
14.14.5 RECENT DEVELOPMENTS
14.15 BORGWARNER INC.
14.15.1 COMPANY SNAPSHOT
14.15.2 REVENUE ANALYSIS
14.15.3 GEOGRAPHIC PRESENCE
14.15.4 PRODUCT PORTFOLIO
14.15.5 RECENT DEVELOPMENTS
14.16 IDIDIT
14.16.1 COMPANY SNAPSHOT
14.16.2 REVENUE ANALYSIS
14.16.3 GEOGRAPHIC PRESENCE
14.16.4 PRODUCT PORTFOLIO
14.16.5 RECENT DEVELOPMENTS
NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDY AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST
15 CONCLUSION
16 RELATED REPORTS
17 ABOUT DATA BRIDGE MARKET RESEARCH
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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