Future of the Steering Columns System Market: Trends, Innovations, and Key Forecasts Through 2034

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Steering Columns System Market Size Growth Forecast: What to Expect by 2025?
The market for steering column systems has seen significant growth of late. Its value is expected to increase from $26.74 billion in 2024 to $28.52 billion in 2025, yielding a compound annual growth rate (CAGR) of 6.7%. This growth during the historical period can be credited to factors like heightened vehicle safety norms, growing demand for comfort and customization, an increase in global vehicle production, increased implementation of electronic control systems, and a surge in the incorporation of power steering technology.

How Will the Steering Columns System Market Size Evolve and Grow by 2029?
The market size of the steering columns system is projected to experience significant expansion in the upcoming years, with an expected valuation of $36.47 billion in 2029 and a compound annual growth rate (CAGR) of 6.3%. This anticipated growth within the projection period is primarily due to factors such as increasing demand for self-driving vehicles, escalating adoption of steer-by-wire technology, mounting emphasis on lightweight and fuel-efficient components, a growing market for electric vehicles (EV), and larger investment flows into automotive R&D. Key trends expected to shape the market during this forecast period encompass the gaining popularity of advanced steer-by-wire systems, enhancements in collapsible steering column designs, innovative advancements in steering system sensor technologies, incorporation of electronic control units (ECUs), and the fusion of steering systems with ADAS functionalities.

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What Drivers Are Propelling the Growth of Steering Columns System Market Forward?
The surge in vehicle production is predicted to fuel the expansion of the steering column system market in the future. The term vehicle production encompasses the manufacture of vehicles, denoting the total quantity of units created and sold within a distinct timeframe. As a result of escalating consumer demand for transportation, vehicle production is on the rise. This prompts manufacturers to expand activities and embrace sophisticated automotive systems in response to the escalating market requirements. The steering column system contributes to vehicle production by ensuring smooth incorporation of steering, safety, and electronic control components, thereby simplifying assembly processes, and improving vehicle performance. For instance, in May 2023, the European Automobile Manufacturers Association, a Belgium-based automobile industry standards consortium, reported that the global production of motor vehicles in 2022 was 85.4 million, marking a 5.7% increase from 2021. Consequently, the rise in vehicle production and sales is stimulating substantial growth in the steering column system market.

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Which Emerging Trends Are Transforming the Steering Columns System Market in 2025?
Key players in the steering column systems market, such as Nexteer Automotive, are investing in the creation of cutting-edge products like electric power steering systems. These systems are designed to improve steering performance and cater to a wider spectrum of vehicles. Electric Power Steering (EPS), which uses an electric motor to replace conventional hydraulic systems, enhances steering precision, increases fuel efficacy, and syncs effortlessly with advanced driver-assistance technology. In April 2025, Nexteer Automotive, a renowned American automotive company, launched its High-Output Column-Assist Electric Power Steering (HO CEPS). A significant industry advancement, it equips car manufacturers with the ability to balance performance and scalability across various vehicle platforms by augmenting steering assist capability to 110 Nm. This innovative approach caters to the changing needs of the global automotive market, especially the growing demand for flexible steering systems. HO CEPS serves as an effective solution catering to diverse vehicle classes, extending from compact cars to larger models. With its recent launch, Nexteer reaffirms its dedication to advancing steering technology to meet future automotive demands.

What Are the Key Segments in the Steering Columns System Market?
The steering columns system market covered in this report is segmented -

1) By Type: Non-Adjustable Steering Columns, Manually Adjustable Steering Columns, Electrically Adjustable Steering Columns
2) By Steering System: Hydraulic Power Steering System, Electric Power Steering System, Manual Rack and Pinion Steering System, Manual Worm and Roller Steering System, Manual Recirculating Ball And Nut Steering System
3) By Application: Agricultural Vehicles, Passenger Cars, Engineering Vehicles

Subsegments:
1) By Non-Adjustable Steering Columns: Fixed Steering Columns, Collapsible Steering Columns
2) By Manually Adjustable Steering Columns: Tilt Steering Columns, Telescope Steering Columns
3) By Electrically Adjustable Steering Columns: Electric Tilt Steering Columns, Electric Telescope Steering Columns, Power-Assist Steering Columns

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Who Are the Key Players Shaping the Steering Columns System Market's Competitive Landscape?
Major companies operating in the steering columns system market are Robert Bosch GmbH, ZF Friedrichshafen AG, DENSO Corporation, ThyssenKrupp AG, Aisin Seiki Co. Ltd., Eaton Corporation plc, Aptiv PLC, Schaeffler Group, JTEKT Corporation, NSK Ltd., Mando Corporation, Nexteer Automotive Corporation, Leopold Kostal GmbH & Co. KG, COBO Group, Yamada Manufacturing Co. Ltd., Oetiker Group AG, Coram Group S.p.A., Pailton Engineering Limited, Marimba Auto LLC, Vishnu Vaibhav Industries Private Limited

What Geographic Markets Are Powering Growth in the Steering Columns System Market?
Asia-Pacific was the largest region in the steering column system market in 2024. The regions covered in the steering columns system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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