Steering Columns System Market Report 2026

The steering columns system market size has grown strongly in recent years. It will grow from $28.52 billion in 2025 to $30.38 billion in 2026 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to vehicle safety regulations, adoption of adjustable columns, passenger comfort demand, automotive manufacturing growth, mechanical steering column usage.

The steering columns system market size is expected to see strong growth in the next few years. It will grow to $38.7 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to electric vehicle architecture evolution, autonomous vehicle requirements, demand for ergonomic interiors, lightweight vehicle design trends, advanced safety standards. Major trends in the forecast period include shift toward electrically adjustable steering columns, integration of collapsible safety designs, demand for lightweight materials, growth of steering customization, adoption of power-assist columns.

The increasing vehicle production are expected to propel the growth of the steering column system market going forward. Vehicle production refer to the manufacturing of vehicles, including the total number of units produced and sold within a specific period. Vehicle production is rising due to higher consumer demand for transportation, boosting manufacturers to scale up operations and adopt advanced automotive systems to meet growing market needs. Steering column system supports vehicle production by enabling efficient integration of steering, safety, and electronic control components, thereby streamlining assembly and enhancing vehicle functionality. For instance, in May 2025, according to the European Automobile Manufacturers’ Association (ACEA), a Belgium-based motor vehicle manufacturing company, South American car production grew by 1.7% in 2024 compared to 2023, largely driven by Brazil, which experienced a 6.3% rise, producing approximately 1.9 million cars. Meanwhile, global bus production reached 362,005 units last year, marking a 10.3% increase from 2023. Therefore, the increasing vehicle production and sales are driving significant growth in the steering column system market.

Major companies operating in the steering column systems market are focusing on developing advanced products such as electric power steering systems to enhance steering performance and support a broader range of vehicles. Electric Power Steering (EPS) uses an electric motor to assist steering, replacing traditional hydraulic systems. It improves steering accuracy, boosts fuel efficiency, and seamlessly integrates with advanced driver-assistance technologies. For instance, in April 2025, Nexteer Automotive, a US-based automotive industry company, introduced its High-Output Column-Assist Electric Power Steering (HO CEPS). This advancement allows automotive manufacturers to optimize both performance and scalability across diverse vehicle platforms by enhancing steering assist capacity to 110 Nm. It addresses the evolving demands of the global automotive market, particularly with increased requirements for flexibility in steering systems. HO CEPS offers an efficient solution for a range of vehicle types, from compact cars to larger models. This development underscores Nexteer's commitment to advancing steering technology for future automotive needs.

In July 2024, Rane Holdings, an India-based automotive manufacturing company, acquired the remaining 51% stake in its joint venture JMA Rane Automotive Systems for an undisclosed amount. With this acquisition, Rane Holdings aims to gain full operational control and strengthen its position in the automotive components market, enabling integrated production and strategic decision-making. JMA Rane Automotive Systems is an India-based automotive manufacturing company that specializes in producing steering and suspension components for the automotive industry.

Major companies operating in the steering columns system market report include ZF Friedrichshafen AG, Robert Bosch GmbH, Thyssenkrupp AG, JTEKT Corporation, NSK Ltd., Nexteer Automotive Corporation, Aisin Corporation, DENSO Corporation, Mando Corporation, Leopold Kostal GmbH & Co. KG, COBO Group, Yamada Manufacturing Co. Ltd., Pailton Engineering Limited, Showa Corporation, Hitachi Astemo Ltd., Magna International Inc., Valeo SE, Hyundai Mobis Co. Ltd., Rane Holdings Limited, Bosch Automotive Steering GmbH, Dana Incorporated, KYB Corporation, China Automotive Systems Inc., Marimba Auto LLC, Vishnu Vaibhav Industries Private Limited.

Asia-Pacific was the largest region in the steering column system market in 2025. The regions covered in the steering columns system market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the steering columns system market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The steering column system market consists of sales of intermediate steering column, adjustable energy absorbing column, steer-by-wire steering column. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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