Automotive Collapsible Steering Column Market Report 2026

The automotive collapsible steering column market size has grown strongly in recent years. It will grow from $3.56 billion in 2025 to $3.79 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to vehicle safety standards, passive safety adoption, automotive production growth, steel-based column usage, crash safety awareness.

The automotive collapsible steering column market size is expected to see strong growth in the next few years. It will grow to $4.79 billion in 2030 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to electric vehicle platform growth, lightweight material innovation, advanced safety regulations, integration with adas, modular steering systems. Major trends in the forecast period include rising adoption of advanced safety columns, integration with electronic steering systems, lightweight material usage, growth in passenger vehicle production, focus on crash safety.

The increasing occurrence of road accidents is expected to drive the growth of the automotive collapsible steering column market in the coming years. Distracted driving is a key factor contributing to the rise in road accidents, as frequent mobile phone use and multitasking divert drivers’ attention from the road and heighten the risk of crashes. Automotive collapsible steering columns help reduce injuries in road accidents by absorbing collision impact energy and limiting the force exerted by the steering wheel on the driver during an impact. For instance, in April 2025, according to a report published by the National Highway Traffic Safety Administration, a US-based government organization, 1,820 fewer fatalities were recorded on U.S. roads in motor vehicle traffic crashes during 2023. Therefore, the growing incidence of road accidents is contributing to the growth of the automotive collapsible steering column market.

Major companies operating in the automotive collapsible steering column market are focusing on developing advanced products such as steering wheels with airbag safety to enhance driver protection during collisions and comply with stringent vehicle safety regulations. Steering wheels with airbags feature a built-in airbag that inflates during frontal collisions to cushion the driver and reduce injury risk. They work alongside seatbelts as a key component of a vehicle’s passive safety system. For instance, in November 2023, Genesis Motor, a South Korea-based vehicle manufacturer, invented a foldable steering wheel that maintains airbag safety. This innovative design allows the steering wheel rim to fold downward, creating more space for easier entry and exit, and is particularly useful for autonomous vehicles where the wheel is not always needed. The system ensures the airbag remains properly oriented toward the driver at all times, even when the wheel is folded, preserving occupant safety in all scenarios.

In September 2024, Rane Holdings Ltd., an India-based company that manufactures automotive components, acquired a 51% equity stake from NSK Ltd. for an undisclosed amount. With this acquisition, Rane Holdings Ltd. aimed to strengthen its position in the steering systems market by leveraging NSK Ltd.’s advanced technology and expanding its product portfolio to cater to the growing demand for electric and autonomous vehicle components. NSK Ltd. is a Japan-based company that manufactures automotive collapsible steering column.

Major companies operating in the automotive collapsible steering column market report include Mercedes-Benz Group AG, Ford Motor Co., Nissan Motor Co. Ltd., Volvo Car Corp., Subaru Corporation, Mazda Motor Corp., Peugeot, Magna International Inc., Mitsubishi Electric Corp., Aptiv Plc, Autoliv Inc., NSK Ltd., Visteon Global Technologies Inc., Koyo Seiko Co. Ltd., ITT Inc., Nastech Europe Ltd., Drivesol Watertown Inc., Steering Solutions IP Holding Corp., Hyundai Mobis Co. Ltd., ZF Friedrichshafen AG, Robert Bosch GmbH, JTEKT Corporation, Nexteer Automotive, Schaeffler AG, Continental AG.

North America was the largest region in the automotive collapsible steering column market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive collapsible steering column market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive collapsible steering column market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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 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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