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  • Electrical Steering Column Lock Market Analysis | 2021-2026

    Electrical Steering Column Lock Market Analysis | 2021-2026

    Electrical Steering Column Lock Market Analysis | 2021-2026
    Report code - SRTI193 Delivery - 2 Weeks
    Electrical Steering Column Lock Market Growth, Size, Share, Trend, Forecast, & Industr See more...

    Market Insights

    Electrical Steering Column Lock Market is likely to witness a CAGR of 7.5% during the forecast period. Growing demand for electric power steering vehicle globally, increase in security concerns among customers, and frequent innovations in column lock mechanism are some of the key factors driving the growth of the market during the forecast period.

    Electrical Steering Column Lock Market - Snapshot

    Growth

    7.5% for the next five years

    Major Vehicle Type

    PCV

    Major Distribution Channel Type

    OEM

    Region with the highest demand

    Asia-Pacific  

    Key Players

    Huf Hülsbeck & Fürst GmbH & Co. KG., Johnson Electric, Minda VAST Access Systems Pvt. Ltd., Nexteer Automotive, Nissan Motor India Pvt Ltd., NSK Ltd., Robert Bosch GmbH, U-Shin Ltd., Valeo, and ZF Friedrichshafen AG.

    Segment Analysis

    Electrical-Steering-Column-Lock-Market-Dominant-Segments

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    By Vehicle Type

    The market is segmented as PCV, LCV, HCV, special utility vehicles, and motorcycles. PCV is expected to account for the major share of the market owing to substantial production of these vehicles globally during the forecast period. Further, increasing installation of electric power steering in these vehicles is expected to fuel the segment’s growth over the forecast period.

    By Distribution Channel Type

    The distribution channel type, the market is segmented as OEM and aftermarket. OEM is estimated to hold the major share of the market on account of its process expertise along with customers’ trust towards the manufacturer during the forecast period. Factors such as continuous efforts of industry players to develop cost-effective solutions and increasing automobile production are further expected to fuel the growth of the segment during the forecast period. On the other hand, aftermarket is expected to witness significant growth rate in the market owing to the growing demand for aftermarket spare parts of vehicles from both of the local and international markets during the forecast period.

    By Region

    In terms of regions, Asia-Pacific is estimated to be the dominating region in the market owing to high automobile production, especially passenger cars in the region and India and China being the major countries with lucrative growth opportunities during the forecast period. Further, increasing penetration of electric vehicles is expected to fuel the product demand in the regional market over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Electrical-Steering-Column-Lock-Market-By-Region

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    Market Scope & Segmentation

    Electrical steering column locks are basically designed to ensure a vehicle’s security. There are mechanical column locks in conventional steering wheels, which blocks the steering in a slightly off position and deploys multi-plate technique that involves layering of several plates to create friction that locks the steering wheel.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Electrical Steering Column Lock Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

    The electrical steering column lock market is segmented into the following categories-

    By Vehicle Type:

    • PCV
    • LCV
    • HCV
    • Special Utility Vehicles
    • Motorcycles

    By Distribution Channel Type:

    • OEM
    • Aftermarket

    By Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Key Players

    Some of the key players in the electrical steering column lock market are-

    • Huf Hülsbeck & Fürst GmbH & Co. KG.
    • Johnson Electric
    • Minda VAST Access Systems Pvt. Ltd.
    • Nexteer Automotive
    • Nissan Motor India Pvt Ltd.
    • NSK Ltd.
    • Robert Bosch GmbH
    • U-Shin Ltd.
    • Valeo
    • ZF Friedrichshafen AG.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Electrical Steering Column Lock Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The electrical steering column lock market is expected to witness an impressive growth of 7.5% CAGR in the foreseeable future.

    Huf Hlsbeck & Frst GmbH & Co. KG., Johnson Electric, Minda VAST Access Systems Pvt. Ltd., Nexteer Automotive, Nissan Motor India Pvt Ltd., NSK Ltd., Robert Bosch GmbH, U-Shin Ltd., Valeo, and ZF Friedrichshafen AG are among the key players in the electrical steering column lock market.

    Asia-Pacific is expected to remain dominant region in the electrical steering column lock market during the forecast period of 2021-2026.

    PCV is expected to account for the major share of the electrical steering column lock market in the coming five years.

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