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Steering Column-Interlocked Meter Market

Steering Column-Interlocked Meter Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Steering Column-Interlocked Meter Market: Overview

Steering column-interlocked meter is used for the locking the steering wheel from any dissipation of energy and proper transferring of drivers input torque to the steering mechanism. This market has gained popularity as it can perform different functions including management of energy dissipation while driving, including the anti-theft device. The steering column-interlocked meter has a connection below the steering wheel, with a combination of the lock with either ignition switch or vehicle control unit. Steering columns-interlocked meter enhances the safety of steering wheel the and also gives protection for the column lock. It also works with mechanical ignition key to perform an interlocking function. Steering column-interlocked meter provides adjustments that suit driver preference including height and length which is also supporting the market growth.

Steering Column-Interlocked Meter Market: Dynamics

The major driving factor of steering column-interlocked meter is robust growth in the automotive industry. The cars, buses trucks, and other heavy commercial vehicles use the wheel locking system. Also, factor boosting the growth of the market is agricultural industry, is increased use of the crop cutting vehicles for adjusting the direction of the steering according to the plant.

Malfunctioning of the locking system of steering is likely to limit potential growth of the steering column-interlocked meter market. The emergence of applications in the solar energy conservation for adjusting the direction of the solar panel is likely to explore the potential growth of the steering column-interlocked meter market. Steering column-interlocked meter is used for the mechanical as well as power assisted steering system and easily adaptable to any vehicle. Additionally, there is no limitation of the steering rotation, so due to this steering can rotate in any direction. There are some latest trends of the steering column-interlocked meter such as, the collapsible steering column is nowadays in trending due to its safety properties, which is enhancing the application of steering column-interlocked meter.

Steering Column-Interlocked Meter Market: Segmentation

Based on the type steering column-interlocked meter market is segmented:

  • Fixed steering column-interlocked meter
  • Adjustable steering column-interlocked meter
  • Rotational steering column-interlocked meter

Based on the application steering column-interlocked meter market is segmented:

  • Passenger car
  • High commercial vehicle
  • Light commercial vehicle
  • Farm vehicle

Steering Column-Interlocked Meter Market: Regional Overview

The global steering column-interlocked meter market is divided geographically into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). Europe is the major region for steering column-interlocked meter market, especially regarding application and revenue sharing due to the presence of major players of the automotive industry in particular in Germany. Followed by Europe, North America is forecasted to grow relatively at a higher CAGR during the forecast period. Japan market is also well developed and predicted to increase at average CAGR during the period 2017-2027. MEA and Latin America are expected to expand at sluggish growth rate due to lack of technology advancement in this region.    

Steering Column-Interlocked Meter Market: Regional Segmentation

The growth of steering column-interlocked meter market in Asia-Pacific is very high due to rapid economic growth and improved private investments in this region. The rise in applications of steering locking system is especially in vehicles such as cars, buses, trucks and loading vehicles are fuelling market growth. India and China are likely to witness significant growth in this market during the forecast period.

Steering Column-Interlocked Meter Market: Key Players

  • Autoliv Inc.
  • Takata Corp.
  • TRW Automotive Inc.
  • Toyoda Gosei
  • Fiat
  • General Motors
  • Emdet Engineers Pvt.Ltd.
  • Continental AG
  • Key Safety Inc.
  • TIW Safety

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.

Steering Column-Interlocked Meter Market

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