Automotive Collapsible Steering Column Global Market Report 2025

The automotive collapsible steering column market size has grown strongly in recent years. It will grow from $3.35 billion in 2024 to $3.56 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth during the historic period can be attributed to strengthening automotive safety regulations, increased vehicle production in emerging economies, rising consumer awareness about crash protection, technological advancements in passive safety systems, and OEMs’ focus on reducing vehicle weight to improve fuel efficiency.

The automotive collapsible steering column market size is expected to see strong growth in the next few years. It will grow to $4.52 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth anticipated in the forecast period can be attributed to the rising demand for electric and autonomous vehicles, increased adoption of advanced driver-assistance systems (ADAS), growing investments in research and development for smart steering components, regulatory initiatives aimed at enhancing pedestrian safety, and the integration of collapsible steering columns with connected car ecosystems. Key trends during this period include the integration of electronic steering lock systems, the use of lightweight composite materials, the adoption of energy-absorbing mechanisms to improve crash safety, the development of modular and customizable column designs, and the increasing automation of manufacturing processes to boost precision and efficiency.

The growing number of road accidents is expected to boost the growth of the automotive collapsible steering column market in the coming years. Distracted driving is a leading cause of this rise, as drivers often use their phones or multitask, diverting attention from the road and increasing the likelihood of collisions. Automotive collapsible steering columns help reduce injuries from road accidents by absorbing impact energy and preventing the steering wheel from causing severe harm to drivers during crashes. For example, in March 2025, Eurostat, the statistical office of the European Union based in Luxembourg, reported that in 2022 there were 20,652 road accident fatalities in Europe, marking a 3.7% increase compared to 19,912 deaths in 2021. Thus, the rising incidence of road accidents is fueling the growth of the automotive collapsible steering column market.

Key players in the automotive collapsible steering column market are focusing on developing advanced products such as steering wheels equipped with airbags to improve driver protection during collisions and meet strict vehicle safety standards. Steering wheels with airbags contain built-in airbags that deploy during frontal collisions to cushion the driver and minimize injury risk. These work together with seatbelts as essential components of a vehicle’s passive safety system. For instance, in November 2023, Genesis Motor, a South Korean vehicle manufacturer, introduced a foldable steering wheel that preserves airbag safety. This innovative design allows the steering wheel rim to fold downward, creating more space to facilitate easier vehicle entry and exit. This feature is especially valuable for autonomous vehicles where the steering wheel is not always in use. The system ensures the airbag remains correctly positioned toward the driver even when the wheel is folded, maintaining occupant safety in all situations.

In September 2024, Rane Holdings Ltd., an India-based automotive component manufacturer, acquired a 51% equity stake from NSK Ltd. for an undisclosed amount. This acquisition aims to strengthen Rane Holdings Ltd.’s position in the steering systems market by leveraging NSK Ltd.’s advanced technology and expanding its product offerings to meet the increasing demand for components used in electric and autonomous vehicles. NSK Ltd. is a Japan-based company that produces automotive collapsible steering columns.

Major players in the automotive collapsible steering column market are Mercedes-Benz Group AG, Ford Motor Co., Nissan Motor Co. Ltd., Volvo Car Corp., Magna International Inc., Mitsubishi Electric Corp., Subaru Corporation, Mazda Motor Corp., Aptiv Plc, Peugeot, Autoliv Inc., NSK Ltd., Visteon Global Technologies Inc., Itt Inc., Nastech Europe Ltd., Motors Liquidation Co., Robert Eckels Family Trust, Koyo Seiko Co. Ltd., Drivesol Watertown Inc., Steering Solutions IP Holding Corp.

North America was the largest region in the automotive collapsible steering column market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in automotive collapsible steering column report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the automotive collapsible steering column market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Automotive collapsible steering columns are safety-engineered components designed to collapse or compress upon impact during a collision, thereby reducing the risk of injury to the driver. These columns typically feature telescoping shafts or breakaway mechanisms that absorb energy and limit the force transmitted to the driver’s body.

The main types of automotive collapsible steering columns include manual, electric, and hydraulic. Manual collapsible steering columns utilize mechanical components such as telescoping shafts and shear pins to absorb impact energy during a crash, providing a cost-effective and long-established safety solution. They are made from various materials including steel, aluminum, composites, and plastic, and feature different mechanism types, such as energy-absorbing and non-energy-absorbing designs. These steering columns are used across several vehicle types, including passenger and commercial vehicles, and serve various end users like original equipment manufacturers (OEMs) and the aftermarket.

The automotive collapsible steering column market research report is one of a series of new reports that provides automotive collapsible steering column market statistics, including the automotive collapsible steering column industry global market size, regional shares, competitors with the automotive collapsible steering column market share, detailed automotive collapsible steering column market segments, market trends, opportunities, and any further data you may need to thrive in the automotive collapsible steering column industry. This automotive collapsible steering column market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automotive collapsible steering column market consists of sales of telescopic steering column, rigid collapsible columns, folding or collapsible shaft steering columns, and collapsible column with damper mechanism. Values in this market are ‘factory gate’ values, meaning the value of goods sold by manufacturers, whether to downstream entities (including OEMs, wholesalers, and distributors) or directly to end customers. The value also includes services provided by the manufacturers, such as installation support or customization.

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 and 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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