Rising Vehicle Production Drives Growth Of The Market Due To Increasing Consumer Demand And EV Adoption Driving Market Acceleration in the Automotive Steering Column Industry, 2025

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How Large Will the Automotive Steering Column Market Size By 2025?
The market size for automotive steering columns has seen a substantial increase in the recent past. It is projected to expand from $16.15 billion in 2024 to $16.98 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%. The significant growth in the past few years can be attributed to a surge in popularity of luxury and premium cars, increasing demand for lightweight and fuel-efficient parts, a growing trend towards vehicle electrification, heightened demand for connected and autonomous vehicles, and an elevated focus on modular steering column designs.

How Big Is the Automotive Steering Column Market Size Expected to Grow by 2029?
In the upcoming years, the automotive steering column market is anticipated to witness consistent growth, with its value reaching $20.56 billion in 2029, at a compound annual growth rate of 4.9%. This expected growth throughout the forthcoming period is credited to increased worldwide vehicle manufacturing volumes, a surging demand for high-tech driver-assistance systems, an increased emphasis on automobile safety regulations, a rise in the adoption of electric power steering (EPS) systems, and a growing consumer inclination towards improved driving comfort. The forecast period will see major trends such as enhanced technology in electric power steering (EPS) systems, the integration of sophisticated driver-assistance systems (ADAS) with steering columns, the advent of steer-by-wire technology for a superior driving experience, the technological merger of adaptive steering systems, and progress in ergonomic steering designs aiming at better driver comfort.

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Which Key Market Drivers Powering Automotive Steering Column Market Expansion and Growth?
The automotive steering column market's expansion is anticipated to be catalyzed by a surge in vehicle production. This refers to the manufacturing and assembly of motor vehicles, taking different parts and combining them into finished products for sale. The bulk of this growth in vehicle manufacturing is attributable to the trend towards electric vehicles (EVs), resulting from significant investments by car manufacturers to meet both regulatory requirements and a growing demand from consumers for eco-friendly transport options. The steering column in a vehicle allows for precise control over driving direction and includes essential features such as ignition operation, airbag deployment, and adjustments to steering for optimal driver comfort. For example, in November 2023, data from the U.S. Energy Information Administration, a government agency, showed that battery-electric vehicles (BEVs) made up 17.7% of new light-duty vehicle sales in the third quarter of 2023, an increase in total new vehicle sales from 16.0% so far this year, compared to 12.5% in 2022 and 9.0% in 2021. Hence, the automotive steering column market has been positively impacted by the rise in vehicle production.

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Which Fast-Growing Trends Are Poised to Disrupt the Automotive Steering Column Market?
Leading firms in the automotive steering column market are concentrating their efforts on creating technologically advanced solutions, including column-assist electric power steering systems, to boost vehicle maneuverability and driver safety. Traditional hydraulic systems are replaced with an electric motor mounted on the steering column that improves vehicle handling and efficiency. Notably, in April 2025, Nexteer Automotive Group, a prominent automotive company from the US, introduced its high-output column-assist electric power steering (HO CEPS) system. This system, which offers up to 110 Nm of steering assist torque, increases its use to larger, heavier vehicles like SUVs and entry-level trucks. The system unites the motor, controller, and sensors directly with the steering column, presenting a more economical and adaptable alternative to intricate under-hood EPS solutions. With improved steering performance, the HO CEPS system not only enhances driving performance and efficiency but also accelerates development processes, giving more flexibility to automakers across different vehicle types.

What Are the Emerging Segments in the Automotive Steering Column Market?
The automotive steering column market covered in this report is segmented -

1) By Steering System Type: Manual Rack And Pinion Steering System, Manual Worm And Roller Steering System, Manual Recirculating Ball And Nut Steering System, Hydraulic Power Steering System, Electric Power Steering System
2) By Vehicle Type: Passenger Vehicles, Commercial Vehicles, Electric Vehicles, Luxury Vehicles
3) By Technology Integration: Traditional Systems, Hybrid Systems, Fully Integrated Systems, Adaptive Steering Technologies
4) By End-User Applications: Original Equipment Manufacturer, Aftermarket, Fleet Management

Subsegments:
1) By Manual Rack And Pinion Steering System: Standard Rack And Pinion, Adjustable Rack And Pinion, Variable Rack And Pinion
2) By Manual Worm And Roller Steering System: Single Worm Gear, Dual Worm Gear
3) By Manual Recirculating Ball And Nut Steering System: Light Duty, Heavy Duty
4) By Hydraulic Power Steering System: Pump-Driven Hydraulic Power Steering, Electro-Hydraulic Power Steering
5) By Electric Power Steering System: Column-Integrated Electric Power Steering System, Rack-Integrated Electric Power Steering System, Pinion-Integrated Electric Power Steering System

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Who Are the Global Leaders in the Automotive Steering Column Market?
Major companies operating in the automotive steering column market are Robert Bosch GmbH, Tata Motors Limited, ZF Friedrichshafen AG, Thyssenkrupp AG, Continental AG, Mitsubishi Electric Corporation, Aisin Corporation, Valeo SA, Schaeffler Group, JTEKT Corporation, Knorr-Bremse SteeringSystems GmbH, NSK Ltd., Mando Corporation, Nexteer Automotive Corporation, Mitsuba Corporation, Rivian Automotive Inc., Kongsberg Automotive, Rane Group, CORAM Group, Pailton Engineering Ltd., Flaming River Industries Inc., Henglong Group

Which are the Top Profitable Regional Markets for the Automotive Steering Column Industry?
North America was the largest region in the automotive steering column market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive steering column market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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