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Automotive Electrical Steering Column Lock Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Automotive Electrical Steering Column Lock Market
1. Automotive Electrical Steering Column Lock Market Overview
The automotive industry is evolving rapidly with new technologies and features being introduced every year. One such feature that is becoming increasingly popular in vehicles is the steering column lock. A steering column lock is a device that is used to lock the steering wheel in place, preventing the vehicle from being stolen.

There are a variety of different types of steering column locks available on the market, each with their own unique features and benefits. Some of the most popular types of steering column locks include:

– Wheel Lock: A wheel lock is a device that is placed over the steering wheel and locks it in place. This type of lock is effective in preventing the vehicle from being stolen, but it can be difficult to remove if you need to change a tire or take the vehicle in for service.

– Ignition Lock: An ignition lock is a device that is placed over the ignition switch and prevents the vehicle from being started without the key. This type of lock is effective in preventing the vehicle from being stolen, but it can also be a nuisance if you lose your keys or if the lock malfunctions.

– Steering Wheel Lock: A steering wheel lock is a device that is placed over the steering wheel and locks it in place. This type of lock is effective in preventing the vehicle from being stolen, but it can be difficult to remove if you need to change a tire or take the vehicle in for service.

– Deadbolt Lock: A deadbolt lock is a device that is installed in the door of the vehicle and prevents the door from being opened without the key. This type of lock is effective in preventing the vehicle from being stolen, but it can also be a nuisance if you lose your keys or if the lock malfunctions.

No matter which type of steering column lock you choose, it is important to make sure that it is installed properly and that you have a working key. This will ensure that your vehicle is protected from theft and that you can get the help you need if you ever have a problem with your lock.

2. Automotive Electrical Steering Column Lock Market Trends
The automotive industry is under constant pressure to improve safety and reduce costs. One area that has seen significant advances in recent years is automotive electrical steering column lock technology. This technology is designed to prevent the vehicle from being stolen by locking the steering wheel in place when the ignition is turned off.

There are two main types of automotive electrical steering column locks: passive and active. Passive locks are automatically engaged when the vehicle is turned off, while active locks require the driver to manually engage the lock.

Active locks are generally more effective at preventing theft, as they require the thief to know how to disengage the lock. However, they can also be more difficult to use, as the driver must remember to engage the lock every time they turn off the vehicle.

Passive locks are less effective at preventing theft, but they are much easier to use, as the driver does not need to remember to engage the lock.

The choice of which type of lock to use depends on the needs of the individual vehicle owner.

Active locks are typically more expensive than passive locks, but they offer greater protection against theft.

Passive locks are less expensive and easier to use, but they do not offer as much protection against theft.

3. Automotive Electrical Steering Column Lock Market Size
The automotive electrical steering column lock market size was valued at USD XX million in 2016 and is projected to reach USD XX million by 2025, at a CAGR of XX% during the forecast period. The market is driven by the growing demand from the automotive industry for safety and security features in vehicles.

The automotive electrical steering column lock is a device that is used to lock the steering column of a vehicle in order to prevent unauthorized use. It is usually mounted on the steering column itself and is operated by a key or a push button. The device is used to immobilize the steering wheel and prevent the vehicle from being driven without the keys.

The market for automotive electrical steering column locks is growing due to the increasing demand from the automotive industry for safety and security features in vehicles. The growing concerns over vehicle theft and the need for immobilization of vehicles in case of theft are the major factors driving the market. The increasing awareness of the importance of vehicle safety and the stringent government regulations regarding vehicle safety are also fuelling the market growth.

The market is segmented by product type, vehicle type, and geography. By product type, the market is divided into mechanical locks, electronic locks, and others. The mechanical locks segment is further sub-segmented into barrel locks, pin tumbler locks, and wafer tumbler locks. The electronic locks segment is further bifurcated into remote-controlled locks and push-button locks.

By vehicle type, the market is classified into passenger cars, commercial vehicles, and two-wheelers. The passenger cars segment is estimated to account for the largest share of the market in 2017. The growing demand for luxury and premium vehicles is the major factor driving the growth of this segment.

The market is further segmented by geography into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is estimated to be the fastest growing market for automotive electrical steering column locks, due to the growing automotive industry in the region. The increasing demand for luxury and premium vehicles in the region is also driving the market growth.

The major players in the market are Robert Bosch GmbH (Germany), Magna

4. Automotive Electrical Steering Column Lock Market Growth
The automotive electrical steering column lock market is projected to grow at a CAGR of 5.72% during the forecast period, to reach USD 1,685.4 million by 2025. The market is driven by the rising demand for vehicles equipped with advanced safety features and the growing demand for luxury vehicles.

The automotive electrical steering column lock is an electronic device that is used to lock the steering wheel of a vehicle in order to prevent unauthorized use. It is usually activated by a switch on the dashboard or a key fob.

The rising demand for vehicles equipped with advanced safety features is a major factor driving the growth of the automotive electrical steering column lock market. The column lock is an important safety feature that helps to prevent the vehicle from being stolen.

The growing demand for luxury vehicles is another factor driving the growth of the automotive electrical steering column lock market. Luxury vehicles are usually equipped with advanced safety features, including column locks, to provide a higher level of security to the occupants.

The automotive electrical steering column lock market is segmented by vehicle type, sales channel, and geography.

By vehicle type, the market is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car segment is projected to grow at the highest CAGR during the forecast period.

By sales channel, the automotive electrical steering column lock market is classified into original equipment manufacturers and aftermarket. The aftermarket segment is expected to grow at a higher CAGR during the forecast period.

The automotive electrical steering column lock market is segmented by geography into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is projected to be the largest market for automotive electrical steering column locks during the forecast period.

The major players in the automotive electrical steering column lock market are Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Delphi Technologies (UK), Valeo (France), Continental AG (Germany), and Magneti Marelli S.p.A. (Italy).

5. Automotive Electrical Steering Column Lock Market Forecast
The global automotive electrical steering column lock market is expected to grow at a CAGR of around 5% during the forecast period of 2020-2025.

The automotive industry is currently undergoing a transition period with the advent of new technologies such as electric vehicles, autonomous vehicles, and connected cars. This is resulting in a significant change in the way vehicles are designed and manufactured. As a result, various new and innovative products are being introduced in the market, which in turn, is fuelling the growth of the automotive electrical steering column lock market.

One of the key trends being witnessed in the automotive electrical steering column lock market is the increasing adoption of smart locks. Smart locks are integrated with various features such as fingerprint recognition, remote locking/unlocking, and automatic locking. These features offer enhanced security and convenience, which is fuelling their adoption in the automotive electrical steering column lock market.

The Asia-Pacific region is expected to be the largest market for automotive electrical steering column lock during the forecast period. The region is home to some of the leading automotive manufacturers such as Toyota, Honda, and Hyundai. Additionally, the region is also witnessing a growing demand for luxury and premium vehicles, which is further fuelling the growth of the automotive electrical steering column lock market in the region.

Some of the key players operating in the global automotive electrical steering column lock market are Aisin Seiki Co., Ltd., Robert Bosch GmbH, Continental AG, Delphi Technologies, and Magneti Marelli S.p.A.

Key Players Covered in the Automotive Electrical Steering Column Lock Market:

Robert Bosch GmbH, NSK Ltd., ZF Friedrichshafen AG, Nexteer Automotive, and Nissan, among others.

Segmentation

 

 ATTRIBUTE

 

 

DETAILS

 

 

By Vehicle Type

 

 

    • Passenger cars
    • Light Commercial Vehicle
    • High Commercial Vehicle

 

 

 

By Sales Channel

 

 

    • OEMs
    • Aftermarket

 

 

 

By Geography

 

 

    • North America (USA, Canada, and Mexico)
    • Europe (Germany, U.K, France, and Rest of Europe)
    • Asia Pacific (China, India, Japan, South Korea and Rest of Asia Pacific)
    • Rest of the world

 

 

 

 

 

By Vehicle Type

 

 

    • Passenger cars
    • Light Commercial Vehicle
    • High Commercial Vehicle

 

 

 

By Sales Channel

 

 

    • OEMs
    • Aftermarket

 

 

Robert Bosch GmbH, NSK Ltd., ZF Friedrichshafen AG, Nexteer Automotive, and Nissan, among others.

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