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Automotive collapsible steering column is a mechanism that contains two interlocking shafts which collapse in a telescopic manner when compressed. This design structure helps the steering column to collapse in case of a frontal impact, thereby absorbing the energy of of the collision or impact. Rising environmental concerns is resulting in increased R&D investments for reducing vehicular emission and improving engine efficiency and the automotive steering column manufacturers are continuously evolving their technology and design for improved performance and ease of compliance with the latest emission regulations.

The global automotive collapsible steering column market is being primarily driven by the speedy growth of the global automobile production and this can be attributed to rising disposable income and rapid urbanization in the developing nations. Further, stringent government regulations pertaining to increased safety solutions in the automotive industry coupled with rising concern for reducing front collision of automobiles and continuous advances in the automotive steering technology is fueling the growth of the collapsible steering column market globally. One of the key trends, gaining traction in the global market is the development of foldable steering wheel concept, designed to protect the driver from any fatal injury in case of a collision in front. Increasing use of electronics in automobiles is also encouraging manufacturing to integrate safety systems and electronics with steering systems and such advances are expected to further boost the growth of the global market in the coming years.

The global automotive collapsible steering column market can be classified by vehicle type and by geography. The global market can be segmented on the basis of vehicle type into passenger vehicles and commercial vehicles. Passenger vehicles held larger share of the global market in 2016. However, the commercial vehicles segment is expected to witness faster growth rate during the forecast period owing to growing adoption of these vehicles across the globe and increasing focus on safety features of these vehicles. The global automotive collapsible steering column market can be further classified geographically into North America, Europe, Asia Pacific, South America and Middle East and Africa. Asia Pacific is expected to account for significant growth of the automotive collapsible steering column market during the forecast period. In the APAC region, countries such as China, Japan and India have been witnessing substantial demand and production of both vehicles and commercial vehicles, which is in turn set to increase the application of collapsible steering columns in these vehicles in the aforementioned countries. North America and Europe might reach a bit of saturation but these regions would record stable growth from 2017-2025. Other regions such as Middle East and Africa and South America are anticipated to show significant expansion of the automotive collapsible steering column market in the coming years, considering the overall growth of the automotive sector in these regions.

The global automotive collapsible steering column market report provides the market share analysis of the key industry participants operating in the industry. The global market consists of manufacturers, competing in terms of performance, quality and size of their products. The competition among these vendors is expected to intensify during the forecast period, owing to the introduction of steer-by-wire technology. The global market is also set to witness substantial investments towards the development of new designs based on the weight and size of automotive collapsible steering columns, which could further intensify the market competition. These players have been exhaustively profiled and their business overview, financial overview, business strategies and recent developments have been covered under the purview of the report. Some of the major players operating in the global automotive collapsible steering column market include Robert Bosch GmbH, JTEKT Corporation, Nexteer Automotive, NSK Ltd., Pailton Engineering, Coram Group and Schaeffler Technologies AG & Co. KG among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Automotive Collapsible Steering Column Market

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