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

Published Date: October, 2022
No of Pages: 159
Delivery Format: PDF+Excel

$2,950.00

Industry Trends

Electrical Steering Column Lock Market size was worth over USD 17 billion in 2016 and its demand is projected to cross 180 million units in 2024.

High demand for electric power steering (EPS) vehicles across the globe will primarily boost the adoption of electrical steering column lock market share from 2017 to 2024. Growing demand for EPS can be attributed to its benefits such as considerable fuel savings and quick response.

Various government bodies have imposed certain regulations to mandate EPS adoption, instigating immense growth potential to the industry. For instance, U.S. government has enforced CAFÉ regulations for EPS implementation in vehicles for fuel economy enhancement

Rising security concerns among customers will further escalate the revenue generation for electric steering column lock market over the forecast timeline. Strengthening electrical vehicles penetration coupled with stringent regulations regarding fuel economy will further contribute to the industry growth significantly.

Electrical Steering Column Lock Market, By Vehicle

PCVs are anticipated to capture nearly 40% volume share in electrical steering column lock market over the forecast timeframe owing to substantial production of these vehicles across the globe. Rising deployment of electric power steering (EPS) in these vehicles will further support the segment dominance till 2024.

Chinas share in SUVs increased to 48% in 2016 from 27% in 2012. One out of every two cars sold till 2022 is expected to be an SUV. High deployment from local and international brands will further escalate the revenue generation.

Special utility vehicles will depict a CAGR of over 4.5% in the next eight years. Significant growth of the segment is credited to the accelerating production of all-terrain vehicles around the world.

Electrical Steering Column Lock Market, By Distribution Channel

OEMs are expected to capture maximum revenue share over the forecast timeframe owing to their process expertise coupled with customer’s trust towards the manufacturer. High performance vehicles and continuous efforts of industry players for development of cost-effective solutions are the factors responsible for the strong preference towards OEMs. Substantial automobile production will further accelerate OEM demand for electrical steering column lock market size till 2024.

Aftermarket will showcase a significant growth over the coming years. It can be attributed to the rising demand of aftermarket spare parts of vehicles from local and international market due to price competitiveness in these vehicles. Rising vehicle ageing in developed countries will further push the production rate of these automobile spare parts, thereby supporting the industry growth till 2024.

Electrical Steering Column Lock Market, By Region

Asia Pacific is anticipated to dominate the electrical steering column lock market crossing USD 13 billion till 2024. The high revenue generation can be attributed to high automobile production, especially passenger cars across the region. China was counted among the largest automobile market in 2016. In India, the utility vehicles showcased a growth of almost 30% in the same year. Rising penetration of electric vehicles will further support the region’s dominance over the next eight years.

North America is poised to grow at over 6.0% from 2017 to 2024. Rising vehicle ageing along has led to the growth in aftermarket in developed countries such as U.S. Stringent regulations regarding EPS adoption will further enhance the regional growth over the coming years.

Competitive Market Share

Nexteer Automotive, Robert Bosch, ZF Friedrichshafen AG, NSK Ltd., and Nissan are among the prominent participants in electrical steering column lock market. The industry players focus on catering the customer demands owing to rising security concerns. For instance, in March 2017, Nissan took an initiative to replace the conventional steering lock with an electrical steering column lock for cost free in Nissan Altima and Maxima models. This strategy helped the company to gain traction among the customers.

Manufacturers are also indulged in new vehicle parts development for gaining competitive edge. For instance, in 2013, NSK Ltd. introduced an innovative column lock mechanism that improves the overall system design and performance.

Industry Background

Electrical steering column lock is designed for ensuring the security in vehicles. Conventional steering wheels possess mechanical column locks. It blocked the steering in a slightly off position and deployed multi-plate technique that involved layering of numerous plates for creating friction that locks the steering wheel. Rising penetration of EPS has resulted in high production rate of these column locks.

Various automobile OEMs have implemented these column locks in their vehicles. For instance, in July 2015, Continental Automotive Components India produced a Passive Keyless Entry (PKE) system that provided electrical steering column lock control through its control unit. This PKE system was adopted by Mahindra & Mahindra in its face lifted version of XUV500.

Report Content

Chapter 1. Methodology and Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope, definition and forecast parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. Electrical steering column lock industry 3600 synopsis, 2013 – 2024

2.1.1. Business trends

2.1.2. Vehicle trends

2.1.3. Distribution channel trends

2.1.4. Regional trends

Chapter 3. Electrical Steering Column Lock Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 – 2024

3.3. Industry ecosystem analysis

3.3.1. Suppliers

3.3.2. Manufacturers

3.3.3. Profit margin analysis

3.3.4. Customers

3.3.5. Distribution channel analysis

3.3.5.1.    OEM

3.3.5.2.    Aftermarket

3.4. Pricing analysis

3.4.1. By region

3.4.1.1.    NA

3.4.1.2.    Europe

3.4.1.3.    APAC

3.4.1.4.    LATAM

3.4.1.5.    MEA

3.5. Cost structure analysis

3.6. Technology landscape

3.7. Regulatory landscape

3.7.1. U.S.

3.7.2. EU

3.7.3. China

3.8. Industry impact forces

3.8.1. Growth drivers

3.8.1.1.    North America

3.8.1.2.    Europe

3.8.1.3.    Asia Pacific

3.8.1.4.    LATAM

3.8.1.5.    MEA

3.8.2. Industry pitfalls & challenges

3.9. Innovation & sustainability

3.10. Growth potential analysis

3.11. Porter’s analysis

3.12. Competitive landscape, 2016

3.12.1.  Company market share

3.12.2.  Strategy dashboard

3.13.    PESTEL analysis

Chapter 4.   Electrical Steering Column Lock Market, By Vehicle

4.1. Global electrical steering column lock market share by vehicle, 2016 & 2024

4.2. PCV

4.2.1. Market estimates and forecast, 2013-2024

4.2.2. Market estimates and forecast, by region, 2013-2024

4.3. LCV

4.3.1. Market estimates and forecast, 2013-2024

4.3.2. Market estimates and forecast, by region, 2013-2024

4.4. HCV

4.4.1. Market estimates and forecast, 2013-2024

4.4.2. Market estimates and forecast, by region, 2013-2024

4.5. Special utility vehicles

4.5.1. Market estimates and forecast, 2013-2024

4.5.2. Market estimates and forecast, by region, 2013-2024

4.6. Motorcycles

4.6.1. Market estimates and forecast, 2013-2024

4.6.2. Market estimates and forecast, by region, 2013-2024

Chapter 5.Electrical Steering Column Lock Market, By Distribution channel

5.1. Global electrical steering column lock market share by distribution channel, 2016 & 2024

5.2. OEM

5.2.1. Market estimates and forecast, 2013-2024

5.2.2. Market estimates and forecast, by region, 2013-2024

5.3. Aftermarket

5.3.1. Market estimates and forecast, 2013-2024

5.3.2. Market estimates and forecast, by region, 2013-2024

Chapter 6. Electrical Steering Column Lock Market, By Region

6.1. Global electrical steering column lock market share by region, 2016 & 2024

6.2. North America

6.2.1. Market estimates and forecast, 2013-2024

6.2.2. Market estimates and forecast, by vehicle, 2013-2024

6.2.3. Market estimates and forecast, by distribution channel, 2013-2024

6.2.4. U.S.

6.2.4.1.    Market estimates and forecast, 2013-2024

6.2.4.2.    Market estimates and forecast, by vehicle, 2013-2024

6.2.4.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.2.5. Canada

6.2.5.1.    Market estimates and forecast, 2013-2024

6.2.5.2.    Market estimates and forecast, by vehicle, 2013-2024

6.2.5.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.3. Europe

6.3.1. Market estimates and forecast, 2013-2024

6.3.2. Market estimates and forecast, by vehicle, 2013-2024

6.3.3. Market estimates and forecast, by distribution channel, 2013-2024

6.3.4. Germany

6.3.4.1.    Market estimates and forecast, 2013-2024

6.3.4.2.    Market estimates and forecast, by vehicle, 2013-2024

6.3.4.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.3.5. UK

6.3.5.1.    Market estimates and forecast, 2013-2024

6.3.5.2.    Market estimates and forecast, by vehicle, 2013-2024

6.3.5.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.3.6. France

6.3.6.1.    Market estimates and forecast, 2013-2024

6.3.6.2.    Market estimates and forecast, by vehicle, 2013-2024

6.3.6.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.3.7. Italy

6.3.7.1.    Market estimates and forecast, 2013-2024

6.3.7.2.    Market estimates and forecast, by vehicle, 2013-2024

6.3.7.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.3.8. Spain

6.3.8.1.    Market estimates and forecast, 2013-2024

6.3.8.2.    Market estimates and forecast, by vehicle, 2013-2024

6.3.8.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.3.9. Russia

6.3.9.1.    Market estimates and forecast, 2013-2024

6.3.9.2.    Market estimates and forecast, by vehicle, 2013-2024

6.3.9.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.3.10. Poland

6.3.10.1.  Market estimates and forecast, 2013-2024

6.3.10.2.  Market estimates and forecast, by vehicle, 2013-2024

6.3.10.3.  Market estimates and forecast, by distribution channel, 2013-2024

6.3.11. Netherlands

6.3.11.1.  Market estimates and forecast, 2013-2024

6.3.11.2.  Market estimates and forecast, by vehicle, 2013-2024

6.3.11.3.  Market estimates and forecast, by distribution channel, 2013-2024

6.4. Asia Pacific

6.4.1. Market estimates and forecast, 2013-2024

6.4.2. Market estimates and forecast, by vehicle, 2013-2024

6.4.3. Market estimates and forecast, by distribution channel, 2013-2024

6.4.4. China

6.4.4.1.    Market estimates and forecast, 2013-2024

6.4.4.2.    Market estimates and forecast, by vehicle, 2013-2024

6.4.4.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.4.5. Japan

6.4.5.1.    Market estimates and forecast, 2013-2024

6.4.5.2.    Market estimates and forecast, by vehicle, 2013-2024

6.4.5.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.4.6. India

6.4.6.1.    Market estimates and forecast, 2013-2024

6.4.6.2.    Market estimates and forecast, by vehicle, 2013-2024

6.4.6.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.4.7. South Korea

6.4.7.1.    Market estimates and forecast, 2013-2024

6.4.7.2.    Market estimates and forecast, by vehicle, 2013-2024

6.4.7.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.4.8. Australia

6.4.8.1.    Market estimates and forecast, 2013-2024

6.4.8.2.    Market estimates and forecast, by vehicle, 2013-2024

6.4.8.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.4.9. Thailand

6.4.9.1.    Market estimates and forecast, 2013-2024

6.4.9.2.    Market estimates and forecast, by vehicle, 2013-2024

6.4.9.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.5. Latin America

6.5.1. Market estimates and forecast, 2013-2024

6.5.2. Market estimates and forecast, by vehicle, 2013-2024

6.5.3. Market estimates and forecast, by distribution channel, 2013-2024

6.5.4. Brazil

6.5.4.1.    Market estimates and forecast, 2013-2024

6.5.4.2.    Market estimates and forecast, by vehicle, 2013-2024

6.5.4.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.5.5. Mexico

6.5.5.1.    Market estimates and forecast, 2013-2024

6.5.5.2.    Market estimates and forecast, by vehicle, 2013-2024

6.5.5.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.5.6. Argentina

6.5.6.1.    Market estimates and forecast, 2013-2024

6.5.6.2.    Market estimates and forecast, by vehicle, 2013-2024

6.5.6.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.6. Middle East & Africa (MEA)

6.6.1. Market estimates and forecast, 2013-2024

6.6.2. Market estimates and forecast, by vehicle, 2013-2024

6.6.3. Market estimates and forecast, by distribution channel, 2013-2024

6.6.4. Saudi Arabia

6.6.4.1.    Market estimates and forecast, 2013-2024

6.6.4.2.    Market estimates and forecast, by vehicle, 2013-2024

6.6.4.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.6.5. UAE

6.6.5.1.    Market estimates and forecast, 2013-2024

6.6.5.2.    Market estimates and forecast, by vehicle, 2013-2024

6.6.5.3.    Market estimates and forecast, by distribution channel, 2013-2024

6.6.6. South Africa

6.6.6.1.    Market estimates and forecast, 2013-2024

6.6.6.2.    Market estimates and forecast, by vehicle, 2013-2024

6.6.6.3.    Market estimates and forecast, by distribution channel, 2013-2024

Chapter 7. Company Profiles

7.1. Nexteer Automotive

7.1.1. Business Overview

7.1.2. Financial Data

7.1.3. Vehicle Landscape

7.1.4. Strategic Outlook

7.1.5. SWOT Analysis

7.2. Robert Bosch

7.2.1. Business Overview

7.2.2. Financial Data

7.2.3. Vehicle Landscape

7.2.4. Strategic Outlook

7.2.5. SWOT Analysis

7.3. ZF Friedrichshafen AG

7.3.1. Business Overview

7.3.2. Financial Data

7.3.3. Vehicle Landscape

7.3.4. Strategic Outlook

7.3.5. SWOT Analysis

7.4. NSK Ltd.

7.4.1. Business Overview

7.4.2. Financial Data

7.4.3. Vehicle Landscape

7.4.4. Strategic Outlook

7.4.5. SWOT Analysis

7.5. Nissan

7.5.1. Business Overview

7.5.2. Financial Data

7.5.3. Vehicle Landscape

7.5.4. Strategic Outlook

7.5.5. SWOT Analysis

7.6. U-Shin Ltd

7.6.1. Business Overview

7.6.2. Financial Data

7.6.3. Vehicle Landscape

7.6.4. Strategic Outlook

7.6.5. SWOT Analysis

7.7. Johnson Electric.

7.7.1. Business Overview

7.7.2. Financial Data

7.7.3. Vehicle Landscape

7.7.4. Strategic Outlook

7.7.5. SWOT Analysis

7.8. Valeo.

7.8.1. Business Overview

7.8.2. Financial Data

7.8.3. Vehicle Landscape

7.8.4. Strategic Outlook

7.8.5. SWOT Analysis

7.9. Huf Hülsbeck & Fürst GmbH & Co. KG.

7.9.1. Business Overview

7.9.2. Financial Data

7.9.3. Vehicle Landscape

7.9.4. Strategic Outlook

7.9.5. SWOT Analysis

7.10.        Minda VAST Access Systems Pvt. Ltd.

7.10.1.  Business Overview

7.10.2.  Financial Data

7.10.3.  Vehicle Landscape

7.10.4.  Strategic Outlook

7.10.5.  SWOT Analysis

Data Tables

TABLE 1    Global electrical steering column lock market 360º synopsis, 2013 – 2024

TABLE 2    Global electrical steering column lock market, 2013 – 2016, (million units)

TABLE 3    Global electrical steering column lock market, 2017 – 2024, (million units)

TABLE 4    Global electrical steering column lock market, 2013 – 2016, (USD Million)

TABLE 5    Global electrical steering column lock market, 2017 – 2024, (USD Million)

TABLE 6    Global electrical steering column lock estimates by region, 2013 – 2016 (million units)

TABLE 7    Global electrical steering column lock estimates by region, 2017 – 2024 (million units)

TABLE 8    Global electrical steering column lock estimates by region, 2013 – 2016 (USD Million)

TABLE 9    Global electrical steering column lock estimates by region, 2017 – 2024 (USD Million)

TABLE 10    Global electrical steering column lock market estimates by vehicle, 2013 – 2016 (million units)

TABLE 11    Global electrical steering column lock market estimates by vehicle, 2017 – 2024 (million units)

TABLE 12    Global electrical steering column lock market estimates by vehicle, 2013 – 2016 (USD Million)

TABLE 13    Global electrical steering column lock market estimates by vehicle, 2017 – 2024 (USD Million)

TABLE 14    Global electrical steering column lock market estimates by distribution channel, 2013 – 2016 (million units)

TABLE 15    Global electrical steering column lock market estimates by distribution channel, 2017 – 2024 (million units)

TABLE 16    Global electrical steering column lock market estimates by distribution channel, 2013 – 2016 (USD Million)

TABLE 17    Global electrical steering column lock market estimates by distribution channel, 2017 – 2024 (USD Million)

TABLE 18    Industry impact forces

TABLE 19    Competitive landscape

TABLE 20    Global PCV market (million units), 2013 – 2016

TABLE 21    Global PCV market (million units), 2017 – 2024

TABLE 22    Global PCV market (USD Million), 2013 – 2016

TABLE 23    Global PCV market (USD Million), 2017 – 2024

TABLE 24    Global PCV market, by region (million units), 2013 – 2016

TABLE 25    Global PCV market, by region (million units), 2017 – 2024

TABLE 26    Global PCV market, by region (USD Million), 2013 – 2016

TABLE 27    Global PCV market, by region (USD Million), 2017 – 2024

TABLE 28    Global LCV market (million units), 2013 – 2016

TABLE 29    Global LCV market (million units), 2017 – 2024

TABLE 30    Global LCV market (USD Million), 2013 – 2016

TABLE 31    Global LCV market (USD Million), 2017 – 2024

TABLE 32    Global LCV market, by region (million units), 2013 – 2016

TABLE 33    Global LCV market, by region (million units), 2017 – 2024

TABLE 34    Global LCV market, by region (USD Million), 2013 – 2016

TABLE 35    Global LCV market, by region (USD Million), 2017 – 2024

TABLE 36    Global HCV market (million units), 2013 – 2016

TABLE 37    Global HCV market (million units), 2017 – 2024

TABLE 38    Global HCV market (USD Million), 2013 – 2016

TABLE 39    Global HCV market (USD Million), 2017 – 2024

TABLE 40    Global HCV market, by region (million units), 2013 – 2016

TABLE 41    Global HCV market, by region (million units), 2017 – 2024

TABLE 42    Global HCV market, by region (USD Million), 2013 – 2016

TABLE 43    Global HCV market, by region (USD Million), 2017 – 2024

TABLE 44    Global special utility market (million units), 2013 – 2016

TABLE 45    Global special utility market (million units), 2017 – 2024

TABLE 46    Global special utility market (USD Million), 2013 – 2016

TABLE 47    Global special utility market (USD Million), 2017 – 2024

TABLE 48    Global special utility market, by region (million units), 2013 – 2016

TABLE 49    Global special utility market, by region (million units), 2017 – 2024

TABLE 50    Global special utility market, by region (USD Million), 2013 – 2016

TABLE 51    Global special utility market, by region (USD Million), 2017 – 2024

TABLE 52    Global motorcycles market (million units), 2013 – 2016

TABLE 53    Global motorcycles market (million units), 2017 – 2024

TABLE 54    Global motorcycles market (USD Million), 2013 – 2016

TABLE 55    Global motorcycles market (USD Million), 2017 – 2024

TABLE 56    Global motorcycles market, by region (million units), 2013 – 2016

TABLE 57    Global motorcycles market, by region (million units), 2017 – 2024

TABLE 58    Global motorcycles market, by region (USD Million), 2013 – 2016

TABLE 59    Global motorcycles market, by region (USD Million), 2017 – 2024

TABLE 60    Global OEM, market (million units), 2013 – 2016

TABLE 61    Global OEM, market (million units), 2017 – 2024

TABLE 62    Global OEM, market (USD Million), 2013 – 2016

TABLE 63    Global OEM, market (USD Million), 2017 – 2024

TABLE 64    Global OEM, market, by region (million units), 2013 – 2016

TABLE 65    Global OEM, market, by region (million units), 2017 – 2024

TABLE 66    Global OEM, market, by region (USD Million), 2013 – 2016

TABLE 67    Global OEM, market, by region (USD Million), 2017 – 2024

TABLE 68    Global aftermarket market (million units), 2013 – 2016

TABLE 69    Global aftermarket market (million units), 2017 – 2024

TABLE 70    Global aftermarket market (USD Million), 2013 – 2016

TABLE 71    Global aftermarket market (USD Million), 2017 – 2024

TABLE 72    Global aftermarket market, by region (million units), 2013 – 2016

TABLE 73    Global aftermarket market, by region (million units), 2017 – 2024

TABLE 74    Global aftermarket market, by region (USD Million), 2013 – 2016

TABLE 75    Global aftermarket market, by region (USD Million), 2017 – 2024

TABLE 76    North America electrical steering column lock market, 2013 – 2016, (million units)

TABLE 77    North America electrical steering column lock market, 2017 – 2024, (million units)

TABLE 78    North America electrical steering column lock market, 2013 – 2016, (USD Million)

TABLE 79    North America electrical steering column lock market, 2017 – 2024, (USD Million)

TABLE 80    North America electrical steering column lock market by vehicle, 2013 – 2016 (million units)

TABLE 81    North America electrical steering column lock market by vehicle, 2017 – 2024 (million units)

TABLE 82    North America electrical steering column lock market by vehicle, 2013 – 2016 (USD Million)

TABLE 83    North America electrical steering column lock market by vehicle, 2017 – 2024 (USD Million)

TABLE 84    North America electrical steering column lock market by distribution channel, 2013 – 2016 (million units)

TABLE 85    North America electrical steering column lock market by distribution channel, 2017 – 2024 (million units)

TABLE 86    North America electrical steering column lock market by distribution channel, 2013 – 2016 (USD Million)

TABLE 87    North America electrical steering column lock market by distribution channel, 2017 – 2024 (USD Million)

TABLE 88    U.S. electrical steering column lock market, 2013 – 2016, (million units)

TABLE 89    U.S. electrical steering column lock market, 2017 – 2024, (million units)

TABLE 90    U.S. electrical steering column lock market, 2013 – 2016, (USD Million)

TABLE 91    U.S. electrical steering column lock market, 2017 – 2024, (USD Million)

TABLE 92    U.S. electrical steering column lock market by vehicle, 2013 – 2016 (million units)

TABLE 93    U.S. electrical steering column lock market by vehicle, 2017 – 2024 (million units)

TABLE 94    U.S. electrical steering column lock market by vehicle, 2013 – 2016 (USD Million)

TABLE 95    U.S. electrical steering column lock market by vehicle, 2017 – 2024 (USD Million)

TABLE 96    U.S. electrical steering column lock market by distribution channel, 2013 – 2016 (million units)

TABLE 97    U.S. electrical steering column lock market by distribution channel, 2017 – 2024 (million units)

TABLE 98    U.S. electrical steering column lock market by distribution channel, 2013 – 2016 (USD Million)

TABLE 99    U.S. electrical steering column lock market by distribution channel, 2017 – 2024 (USD Million)

TABLE 100    Canada electrical steering column lock market, 2013 – 2016, (million units)

TABLE 101    Canada electrical steering column lock market, 2017 – 2024, (million units)

TABLE 102    Canada electrical steering column lock market, 2013 – 2016, (USD Million)

TABLE 103    Canada electrical steering column lock market, 2017 – 2024, (USD Million)

TABLE 104    Canada electrical steering column lock market by vehicle, 2013 – 2016 (million units)

TABLE 105    Canada electrical steering column lock market by vehicle, 2017 – 2024 (million units)

TABLE 106    Canada electrical steering column lock market by vehicle, 2013 – 2016 (USD Million)

TABLE 107    Canada electrical steering column lock market by vehicle, 2017 – 2024 (USD Million)

TABLE 108    Canada electrical steering column lock market by distribution channel, 2013 – 2016 (million units)

TABLE 109    Canada electrical steering column lock market by distribution channel, 2017 – 2024 (million units)

TABLE 110    Canada electrical steering column lock market by distribution channel, 2013 – 2016 (USD Million)

TABLE 111    Canada electrical steering column lock market by distribution channel, 2017 – 2024 (USD Million)

TABLE 112    Europe electrical steering column lock market, 2013 – 2016, (million units)

TABLE 113    Europe electrical steering column lock market, 2017 – 2024, (million units)

TABLE 114    Europe electrical steering column lock market, 2013 – 2016, (USD Million)

TABLE 115    Europe electrical steering column lock market, 2017 – 2024, (USD Million)

TABLE 116    Europe electrical steering column lock market by vehicle, 2013 – 2016 (million units)

TABLE 117    Europe electrical steering column lock market by vehicle, 2017 – 2024 (million units)

TABLE 118    Europe electrical steering column lock market by vehicle, 2013 – 2016 (USD Million)

TABLE 119    Europe electrical steering column lock market by vehicle, 2017 – 2024 (USD Million)

TABLE 120    Europe electrical steering column lock market by distribution channel, 2013 – 2016 (million units)

TABLE 121    Europe electrical steering column lock market by distribution channel, 2017 – 2024 (million units)

TABLE 122    Europe electrical steering column lock market by distribution channel, 2013 – 2016 (USD Million)

TABLE 123    Europe electrical steering column lock market by distribution channel, 2017 – 2024 (USD Million)

TABLE 124    Germany electrical steering column lock market, 2013 – 2016, (million units)

TABLE 125    Germany electrical steering column lock market, 2017 – 2024, (million units)

TABLE 126    Germany electrical steering column lock market, 2013 – 2016, (USD Million)

TABLE 127    Germany electrical steering column lock market, 2017 – 2024, (USD Million)

TABLE 128    Germany electrical steering column lock market by vehicle, 2013 – 2016 (million units)

TABLE 129    Germany electrical steering column lock market by vehicle, 2017 – 2024 (million units)

TABLE 130    Germany electrical steering column lock market by vehicle, 2013 – 2016 (USD Million)

TABLE 131    Germany electrical steering column lock market by vehicle, 2017 – 2024 (USD Million)

TABLE 132    Germany electrical steering column lock market by distribution channel, 2013 – 2016 (million units)

TABLE 133    Germany electrical steering column lock market by distribution channel, 2017 – 2024 (million units)

TABLE 134    Germany electrical steering column lock market by distribution channel, 2013 – 2016 (USD Million)

TABLE 135    Germany electrical steering column lock market by distribution channel, 2017 – 2024 (USD Million)

TABLE 136    UK electrical steering column lock market, 2013 – 2016, (million units)

TABLE 137    UK electrical steering column lock market, 2017 – 2024, (million units)

TABLE 138    UK electrical steering column lock market, 2013 – 2016, (USD Million)

TABLE 139    UK electrical steering column lock market, 2017 – 2024, (USD Million)

TABLE 140    UK electrical steering column lock market by vehicle, 2013 – 2016 (million units)

TABLE 141    UK electrical steering column lock market by vehicle, 2017 – 2024 (million units)<

Electrical Steering Column Lock Market, By Vehicle

PCVs are anticipated to capture nearly 40% volume share in electrical steering column lock market over the forecast timeframe owing to substantial production of these vehicles across the globe. Rising deployment of electric power steering (EPS) in these vehicles will further support the segment dominance till 2024.

Chinas share in SUVs increased to 48% in 2016 from 27% in 2012. One out of every two cars sold till 2022 is expected to be an SUV. High deployment from local and international brands will further escalate the revenue generation.

Special utility vehicles will depict a CAGR of over 4.5% in the next eight years. Significant growth of the segment is credited to the accelerating production of all-terrain vehicles around the world.

Electrical Steering Column Lock Market, By Distribution Channel

OEMs are expected to capture maximum revenue share over the forecast timeframe owing to their process expertise coupled with customer’s trust towards the manufacturer. High performance vehicles and continuous efforts of industry players for development of cost-effective solutions are the factors responsible for the strong preference towards OEMs. Substantial automobile production will further accelerate OEM demand for electrical steering column lock market size till 2024.

Aftermarket will showcase a significant growth over the coming years. It can be attributed to the rising demand of aftermarket spare parts of vehicles from local and international market due to price competitiveness in these vehicles. Rising vehicle ageing in developed countries will further push the production rate of these automobile spare parts, thereby supporting the industry growth till 2024.

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

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