openPR Logo
Press release

Future Growth of Electrical Steering Column Lock Market Global Analysis by Key Players - Robert Bosch, Nexteer Automotive, NSK Ltd., ZF Friedrichshafen AG, Nissan, and Valeo

01-11-2019 08:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport

/ PR Agency: marketstudyreport
Future Growth of Electrical Steering Column Lock Market Global

Electrical Steering Column Lock Market is estimated to surpass USD 31 billion by 2024; according to a new research report by Global Market Insights, Inc.

Global electrical steering column lock market share is anticipated to surpass 180 million units by 2024. Shifting trends towards adoption of automobile features from mechanical solutions to electronic based units has created the need for electronically operated locking systems. Rising demand for advanced products is boosting the industry growth over the forecast timespan.

Industry gains are attributed to advancements in miniaturization of the units and developments in PCBs that are replacing multiple mechanical units. Further, product development is anticipated to generate higher revenues for the industry players.

Request a sample Report of Electrical Steering Column Lock Market at: https://www.marketstudyreport.com/request-a-sample/701830?utm_source=openpr.com&utm_medium=Deepak

Government has implemented certain rules and regulations to support security and safety of vehicles. For instance, in the U.S. regulatory body such as National Highway Traffic Safety Administration (NHTSA) addresses automobile safety issues mandating the automakers to install the product in all vehicles.

European directives intend to establish uniform provisions for performance and layout of vehicles systems operating on the road. These regulations ensure vehicle security and is expected to boost the electrical steering column lock market from 2017 to 2024.

Innovations in the product have led to improved flexibility, functionality, reduced space consumption, theft security, quality, and efficiency for vehicles. Moreover, increasing automobile production will support the product penetration over the period.

Electric power steering will enhance the product adoption rate owing to its technical specifications such as space saving and high level of compatibility. With such notable features product acceptance is expected to rise over the forecast timeline.

Ask for Discount on Electrical Steering Column Lock Market Report at: https://www.marketstudyreport.com/check-for-discount/701830?utm_source=openpr.com&utm_medium=Deepak

Fully autonomous cars may pose a threat to the electrical steering column lock market in the forecast period. For instance, in September 2017, Audi unveiled a fully autonomous car concept in Germany without a steering wheel that uses artificial intelligence assistance to deliver services. Moreover, in California, vehicles without steering wheels will be available to customers from 2018.


Light commercial vehicles will exhibit over 6% CAGR till 2024 in global electrical steering column lock market. Modern vehicles are equipped with advanced products for the comfort of driver, thus escalating the product penetration. In Europe, it is anticipated that half of the trucks operating on the road will have the lock installed by 2024.

Transformation of auto industry as the technology matures will influence industry trends and automaker relationships. Innovative features are becoming common in new upmarket automobiles. Industry share may shift to new participants while conventional OEMs will be pressurized to escalate their drive for innovation. Aftermarket segment is expected to grow faster than OEMs and is likely to reach USD 6 billion by 2024.


Asia Pacific is estimated to dominate the global electrical steering column lock market till 2024. The growth can be attributed to increased automobile production across the region, especially in emerging economies including China, India, and Indonesia. China is recognized as the substantial contributor in the revenue generation. Increasing vehicle manufacturing along with rising domestic demand will enhance the country's share over the estimated time.

Enquiry about Electrical Steering Column Lock market report before Buying at: https://www.marketstudyreport.com/enquiry-before-buying/701830?utm_source=openpr.com&utm_medium=Deepak


North America was valued for over USD 4 billion in 2016 and will register gains at over 6.5% by 2024 owing to the mature automotive industry. Moreover, with the presence of established manufacturers the regional business will enhance over the forecast period.


Robert Bosch, Nexteer Automotive, NSK Ltd., ZF Friedrichshafen AG, Nissan, and Valeo are among the significant producers in the electrical steering column lock market. Other notable manufacturers include U-Shin Ltd., Minda VAST Access Systems Pvt. Ltd., and Huf Hülsbeck & Fürst GmbH.

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:

Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Future Growth of Electrical Steering Column Lock Market Global Analysis by Key Players - Robert Bosch, Nexteer Automotive, NSK Ltd., ZF Friedrichshafen AG, Nissan, and Valeo here

News-ID: 1492173 • Views: 680

More Releases from marketstudyreport

Medical Automation Technologies Market Analysis by Top Manufacturers, Shares, Gr …
Market Study Report, LLC's latest research report on Medical Automation Technologies Market, delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, Medical Automation Technologies market valuations which illustrates its growth trends and competitive landscape as well as the key players in the business. Request a sample Report of Medical Automation Technologies Market at: https://www.marketstudyreport.com/request-a-sample/1524757?utm_source=openpr.com&utm_medium=PC Medical automation technologies is an independent of efficient, effective and equitable…
What's driving the Automotive Diagnostic Scan Tools Market trends? Key Players a …
MarketStudyReport.com Adds New Report Automotive Diagnostic Scan Tools Market 2019 - 2025 research report providing information and data By Offering, Diagnostic Software, Diagnostic Services, By Application, By Tool Type, Industry Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast spreading across 320 Pages with table and figures in it. Europe is anticipated to be the prominent region in the automotive diagnostic scan tools market with the market share of over…
Comprehensive analysis on Endpoint Security Market| Key Players are F-Secure, We …
MarketStudyReport.com Adds New Endpoint Security Market 2017 - 2024 research report providing information and data By Component, By Service, By Application, Industry Analysis, Regional Outlook, Growth Potential, Trends, By Deployment Model, Competitive Market Share & Forecast spreading across 380 Pages with table and figures in it. North America dominated the endpoint protection market in 2016 and is projected to maintain the dominance throughout the forecast period, primarily due to large-scale deployment…
Veterinary Vaccines Market is Booming 2019 | By Players include Zoetis Inc. Merc …
Vaccines play a crucial role in protecting animals from a large spectrum of diseases caused due to virus, bacteria, protozoa, and other multicellular pathogens. Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1513665/?utm_source=Openpr&utm_medium=RV The global veterinary vaccines market is expected to benefit from the growing concern over food safety. The dependency on livestock products…

All 5 Releases


More Releases for Electric

Electric Motors vehicles
Electric Car Batteries- Reuse and Recycling: There are several advantages to operating an electric vehicle (EV). Electric Vehicles pump fewer CO2 into the environment and less noise pollution in communities. When competition pushes down battery costs, they are also becoming more available to middle- and low-income consumers and policymakers are adopting national and local policies aimed at promoting EV production. It is extremely relevant when it comes to their batteries, which usually…
New Electric Wheelchair
The wheelchair is controlled by a motor. With safety light. Convenient to use at night. Freely adjusting the backrest angle is more comfortable for the user. The average driving speed is 1-6km/h. The marketplace was wholly developed by the Jiangsu Medwish Network Technology Co., Ltd., a private corporation based in Jiangsu, China. Through substantial previous international B2B e-commerce field experience, Jiangsu Medwish is dedicated to establishing a globally recognized framework and…
Global Electric Truck Market
Global Electric Truck Market – Industry Analysis and Forecast (2018-2026) – by Electric, Truck, Application Type and Region. Global Electric Truck Market was valued at US$ XXX Mn in 2017 and is expected to reach US$ XXX Mn by 2026, at a CAGR of XX% during a forecast period. Major driving factors of the Electric Truck Market the trucking industry is in the stages of a technological changes, with a particular focus…
India pushes Electric Vehicles
The Indian government’s recent tweaking of the licensing policy for Electric Vehicles (EV) promises to address the infrastructure obstacle holding back the sector. The setting up of EV charging stations by the government would no longer require a license from the Ministry, paving the way for the faster construction of these stations. Earlier this year, Ola – the cab firm – initiated ‘Mission: Electric’ with plans to put 10,000 electric auto-rickshaws and…
Folding Electric Bicycle
In this report, the global Folding Electric Bicycle market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Folding Electric Bicycle in these regions, from 2012 to 2022…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…