Global Electrical Steering Column Lock Market 2018 Key Players are Nexteer Automotive, Robert Bosch, ZF Friedrichshafen AG, NSK, Nissan

Market Overview:-

Electrical Steering Column Lock Market has been witnessing a profitable growth rate since the last few years, pertaining to the growing popularity of the electric power steering (EPS). The EPS technology is lately being preferred in automobiles for its ease of use and the fuel efficiency. Also, there has been a paradigm shift in the deployment of automotive components from mechanical to electronic solutions, which has led to electrical steering column lock (ESCL) market carving out a positive growth trajectory. By 2024 ESCL market size is predicted to surpass a valuation of USD 31 billion, driven by innovations in the automotive sector and the existence of a favorable regulatory landscape that mandates the adoption of EPS in new automobiles. As electrical steering column locks make vehicles much more resistant to thefts, there has been an increase in consumer demand for purchasing cars embedded with these products, thereby augmenting ESCL industry share.

Request For Sample Copy Of This Report @ https://www.gminsights.com/request-sample/detail/2178          

With the emergence of new economies and the rising affordability of vehicles, global automobile manufacturing and sales are expected to soar higher in the years to come. This in consequence, would lead to a robust rise in the sales of automobile integrated with security features, which in turn would impel ESCL market. With security being one of the consumers’ principal concerns, cars incorporated with anti-theft features will make them highly viable choice, which will boost the overall electrical steering column lock market size.

Top Key Players:-     

The key players of global Electrical Steering Column Lock Market are Nexteer Automotive, Robert Bosch, ZF Friedrichshafen AG, NSK Ltd., and Nissan.

Regional Segmentations:-

Due to the robust progress of the automotive sector in countries such as China, India and Indonesia, APAC electrical steering column lock market is expected to witness a substantial growth rate over 2017-2024. China alone, in 2016, accounted for 48% of the global SUV shares. In fact, estimates claim Asia Pacific to dominate the overall electrical steering column lock industry by 2024, with a revenue projection of USD 13 billion.

Government directives for better vehicle security has been the driving force for the growth of North America electrical steering column lock market. The National Highway Traffic Safety Administration (NHTSA), for instance, a traffic regulatory body of U.S. has mandated the use of electrical steering column locks in all vehicles. Uniform provision for performance and layout of all vehicle systems as authorized by the European directives will also ensure the implementation of these security products in all vehicles, giving Europe electrical steering column lock market a commendable boost over 2017-2024.

Make an inquiry before buying this report @ https://www.gminsights.com/inquiry-before-buying/2178      

Major Points of Table Of Content:-

Chapter 1. Methodology and Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope, definition and forecast parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. Electrical steering column lock industry 3600 synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Vehicle trends

2.1.3. Distribution channel trends

2.1.4. Regional trends

Chapter 3. Electrical Steering Column Lock Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1. Suppliers

3.3.2. Manufacturers

3.3.3. Profit margin analysis

3.3.4. Customers

3.3.5. Distribution channel analysis

3.3.5.1.    OEM

3.3.5.2.    Aftermarket

3.4. Pricing analysis

3.4.1. By region

3.4.1.1.    NA

3.4.1.2.    Europe

3.4.1.3.    APAC

3.4.1.4.    LATAM

3.4.1.5.    MEA

3.5. Cost structure analysis

3.6. Technology landscape

3.7. Regulatory landscape

3.7.1. U.S.

3.7.2. EU

3.7.3. China

3.8. Industry impact forces

3.8.1. Growth drivers

3.8.1.1.    North America

3.8.1.2.    Europe

3.8.1.3.    Asia Pacific

3.8.1.4.    LATAM

3.8.1.5.    MEA

3.8.2. Industry pitfalls & challenges

3.9. Innovation & sustainability

3.10. Growth potential analysis

3.11. Porter's analysis

3.12. Competitive landscape, 2016

3.12.1.  Company market share

3.12.2.  Strategy dashboard

3.13.    PESTEL analysis

Browse Full Report @ https://www.gminsights.com/industry-analysis/electrical-steering-column-lock-market

One of the key threats that electrical steering column lock industry will face in the ensuing years is the introduction of fully autonomous vehicles which come essentially without a steering wheel, a fact that will make the electrical steering column locks redundant. However, security risks, lack of consumer understanding and slow rate of market penetration of autonomous vehicles will not make them commercially viable before 2030, which would prove to be an advantage for ESCL industry. For now, OEMs and other major ESCL market players are focusing on making the electrical steering column lock systems in vehicles much better, ensuring not only security but also attracting a wider customer base with better and innovative safety technologies.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Auto Blog: http://freeautomotivenews.com
Email: sales@gminsights.com
Web: www.gminsights.com

This release was published on openPR.