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FEATURED COMPANIES
- Huf Hülsbeck & Fürst
- Johnson Electric
- Spark Minda
- STRATTEC SECURITY
- TOKAIRIKA
- Valeo
- MORE
Emergence of all-electric power steering for commercial vehicles to drive growth in the market. Commercial vehicles have always followed passenger vehicles, as far of penetration or adoption of advanced/latest automotive technology is concerned. However, things have changed in the past five years or so. The prominent commercial vehicle OEMs have increased the penetration rate of the latest available technologies in trucks and buses. The same can be seen in steering systems used for commercial vehicles. The analysts have predicted that the automotive steering lock system market will register a CAGR of almost 7% by 2023.
Market Overview
Growing penetration rate of electric power steering systems
The global automotive steering system market is witnessing the growing use of electrically assisted steering systems and electric power steering. Factors such as intensifying competition in the global automotive industry and growing demand for safety, comfort, and convenience are pushing automakers to include advanced steering systems in their product offerings.
Faulty steering column lock can lead to safety concerns
The global automotive steering lock system market is growing in sync with the accelerating sales volume of automobiles. However, some factors are expected to hinder the growth of the concerned market. Any fault or malfunction of steering column lock can lead to safety issues, which can result in accident and collisions.
For the detailed list of factors that will drive and challenge the growth of the automotive steering lock system market during the 2019-2023, view this report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including TOKAIRIKA and Valeo, the competitive environment is quite intense. Factors such as the rising penetration rate of electric power steering systems and the emergence of all-electric power steering for commercial vehicles, will provide considerable growth opportunities to automotive steering lock system manufactures. Huf Hülsbeck & Fürst, Johnson Electric, Spark Minda and STRATTEC SECURITY are some of the major companies covered in this report.
FEATURED COMPANIES
- Huf Hülsbeck & Fürst
- Johnson Electric
- Spark Minda
- STRATTEC SECURITY
- TOKAIRIKA
- Valeo
- MORE
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- Market segmentation by application
- Comparison by application
- Passenger vehicles - Market size and forecast 2018-2023
- Commercial vehicles - Market size and forecast 2018-2023
- Market opportunity by application
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- EMEA - Market size and forecast 2018-2023
- Americas - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
- Market drivers
- Market challenges
- Development of advanced automotive steering system designs
- Emergence of all-electric power steering for commercial vehicles
- Developments in the field of steering system torque sensors
- Overview
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Huf Hülsbeck & Fürst
- Johnson Electric
- Spark Minda
- STRATTEC SECURITY
- TOKAIRIKA
- Valeo
- Research methodology
- List of abbreviations
Exhibit 01: Years in consideration
Exhibit 02: Global automotive components market
Exhibit 03: Segments of global automotive components market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ billions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Application - Market share 2018-2023 (%)
Exhibit 19: Comparison by application
Exhibit 20: Passenger vehicles - Market size and forecast 2018-2023 ($ billions)
Exhibit 21: Passenger vehicles - Year-over-year growth 2019-2023 (%)
Exhibit 22: Commercial vehicles - Market size and forecast 2018-2023 ($ billions)
Exhibit 23: Commercial vehicles - Year-over-year growth 2019-2023 (%)
Exhibit 24: Market opportunity by application
Exhibit 25: Customer landscape
Exhibit 26: Market share by geography 2018-2023 (%)
Exhibit 27: Geographic comparison
Exhibit 28: APAC - Market size and forecast 2018-2023 ($ billions)
Exhibit 29: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 30: EMEA - Market size and forecast 2018-2023 ($ billions)
Exhibit 31: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 32: Americas - Market size and forecast 2018-2023 ($ billions)
Exhibit 33: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 34: Key leading countries
Exhibit 35: Market opportunity
Exhibit 36: Decision framework
Exhibit 37: Impact of drivers and challenges
Exhibit 38: Vendor landscape
Exhibit 39: Landscape disruption
Exhibit 40: Vendors covered
Exhibit 41: Vendor classification
Exhibit 42: Market positioning of vendors
Exhibit 43: Huf Hülsbeck & Fürst - Vendor overview
Exhibit 44: Huf Hülsbeck & Fürst - Business segments
Exhibit 45: Huf Hülsbeck & Fürst - Organizational developments
Exhibit 46: Huf Hülsbeck & Fürst - Key offerings
Exhibit 47: Johnson Electric - Vendor overview
Exhibit 48: Johnson Electric - Product segments
Exhibit 49: Johnson Electric - Organizational developments
Exhibit 50: Johnson Electric - Geographic focus
Exhibit 51: Johnson Electric - Segment focus
Exhibit 52: Johnson Electric - Key offerings
Exhibit 53: Spark Minda - Vendor overview
Exhibit 54: Spark Minda - Product segments
Exhibit 55: Spark Minda - Organizational developments
Exhibit 56: Spark Minda - Segment focus
Exhibit 57: Spark Minda - Key offerings
Exhibit 58: STRATTEC SECURITY - Vendor overview
Exhibit 59: STRATTEC SECURITY - Business segments
Exhibit 60: STRATTEC SECURITY - Organizational developments
Exhibit 61: STRATTEC SECURITY - Segment focus
Exhibit 62: STRATTEC SECURITY - Key offerings
Exhibit 63: TOKAIRIKA - Vendor overview
Exhibit 64: TOKAIRIKA - Business segments
Exhibit 65: TOKAIRIKA - Organizational developments
Exhibit 66: TOKAIRIKA - Geographic focus
Exhibit 67: TOKAIRIKA - Segment focus
Exhibit 68: TOKAIRIKA - Key offerings
Exhibit 69: Valeo - Vendor overview
Exhibit 70: Valeo - Business segments
Exhibit 71: Valeo - Organizational developments
Exhibit 72: Valeo - Geographic focus
Exhibit 73: Valeo - Segment focus
Exhibit 74: Valeo - Key offerings
Exhibit 75: Validation techniques employed for market sizing
Exhibit 76: List of abbreviations
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FEATURED COMPANIES
- Huf Hülsbeck & Fürst
- Johnson Electric
- Spark Minda
- STRATTEC SECURITY
- TOKAIRIKA
- Valeo
- MORE
The author recognizes the following companies as the key players in the global automotive steering lock system market: Huf Hülsbeck & Fürst, Johnson Electric, Spark Minda, STRATTEC SECURITY, TOKAIRIKA, and Valeo.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the emergence of all-electric power steering for commercial vehicles.”
According to the report, one of the major drivers for this market is the rising penetration rate of electric power steering systems.
Further, the report states that one of the major factors hindering the growth of this market is the faulty steering column lock can lead to safety concerns.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
- Huf Hülsbeck & Fürst
- Johnson Electric
- Spark Minda
- STRATTEC SECURITY
- TOKAIRIKA
- Valeo
