Press release
Electrical Steering Column Lock Market Global Forecasts by Key Players: Nexteer Automotive, Nissan, ZF Group, Valeo, U-Shin, Huf Group
Global Electrical steering column lock market share is expected to cross 180 million units by 2024. Rising adoption of electronic units in the vehicles has led the demand for electrically operated locking devices. High demand for advanced products is fueling the industry over the projected time span.
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Top Key Players:-
The key players of global Electrical steering column lock market are Nexteer Automotive (U.S.), Nissan (Asia), ZF Friedrichshafen AG (Europe), Valeo (Europe), Minda VAST Access Systems Pvt. Ltd. (Asia), U-Shin Ltd. (Europe), and Huf Hülsbeck & Fürst GmbH (Europe).
Regional Segmentations:-
Asia Pacific electrical steering column lock is projected to be dominant till 2024 which can be credited to increased vehicle manufacturing across the region. China witnesses increasing SUV sector and is likely to be one out of every two cars sold over the predicted time span thereby contributing in regional revenue generation. Rising automobile production coupled with high domestic demand will improve the country’s share over the study period.
North America was worth USD 4 billion in 2016 and will register gains approximately at 6.5% by 2024 due to its matured automobile industry. Further, presence of well-established industry participants in the region will influence the regional business demand over the projected period.
Major Points of Table Of Content:-
1. Methodology and Scope
2. Executive Summary
3. Electrical Steering Column Lock Industry Insights
4. Electrical Steering Column Lock Market, By Vehicle
5. Electrical Steering Column Lock Market, By Distribution channel
6. Electrical Steering Column Lock Market, By Region
7. Company Profiles
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Industry participants may observe intense competition owing to strong distribution channels, design expertise, and innovations. Players will focus on product advancements leading to efficient automobile functioning and enhanced security for catering customer demands. For instance, in March 2017, Nissan started with an initiative to replace the conventional locking units with advanced products for cost free in few of its models. This strategy supported the company to attract more customers.
Related Report:
Aerospace Landing Gear Market Size By Position (Main Landing Gear, Nose/Tail Landing Gear), By Arrangement (Tail Wheel, Tandem, Tri-cycle), By Aircrafts (Commercial Aircraft {Narrow Body, Wide Body}, Regional Jet, Business Jet, Helicopter, Military Aircraft), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, Netherlands, Sweden, China, India, Japan, South Korea, Singapore, Australia, Brazil, Mexico, Argentina, Saudi Arabia, Qatar, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024
https://www.gminsights.com/industry-analysis/aerospace-landing-gear-market
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