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The Increasing Adoption Of Electric And Autonomous Vehicles Is Fueling The Growth Of The Market Due To Enhanced Safety And Precision In Steering Control: Pivotal Factor Influencing Automotive Rigid Steering Columns Market Growth in 2025
Automotive Rigid Steering Columns
Automotive Rigid Steering Columns Market Size Growth Forecast: What to Expect by 2025?
The market for automotive rigid steering columns has witnessed a robust expansion in the past few years. The market is set to scale from $6.91 billion in 2024 to $7.29 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.5%. Several elements have contributed to this historic growth, including increased preference for budget-friendly cars, a surge in light-duty and utility vehicles, expansion of shared mobility services, a growing interest in vintage and classic car restorations, and a boost in vehicle exports.
How Will the Automotive Rigid Steering Columns Market Size Evolve and Grow by 2029?
Predictions indicate a robust expansion of the automotive rigid steering columns market which is poised to reach a market size of $8.92 billion by 2029, growing at a compound annual growth rate of 5.2%. This expected growth during the forecast period is fueled by increased demand for advanced car safety features, a surge in electric power steering systems and electric vehicle adoption worldwide, coupled with a rise in automobile manufacturing. The forecast period will also likely witness key market trends such as technological evolution, sensor merging, the use of collapsible rigid columns, the addition of electronic steering locks, and the rise of electric tilt technology.
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What Drivers Are Propelling the Growth of Automotive Rigid Steering Columns Market Forward?
The uptick in the use of electric and self-driving cars is projected to drive the automotive rigid steering columns market's growth in the future. These vehicles, which operate on electric power and advanced technology that doesn't need human intervention, are growing in popularity due to environmental issues. Cleaner transportation aids in reducing emissions and tackling climate change. Automotive rigid steering columns contribute to electric and autonomous vehicles by offering a compact, robust, and reliable steering interface, easing the integration with electronic control systems. For example, the National Highway Traffic Safety Administration, a US government agency, predicted in December 2024 that there would be 4.5 million autonomous vehicles on US roads by 2030. Moreover, according to Kelley Blue Book, a company under Cox Automotive in the US, EVs represented 7.6% of the entire U.S. vehicle market in 2023, which shows a considerable rise from 5.9% in 2022. As such, the increased adoption of electric and autonomous vehicles is fueling the expansion of the automotive rigid steering columns market.
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Which Emerging Trends Are Transforming the Automotive Rigid Steering Columns Market in 2025?
Key companies engaged in the automotive rigid steering column market are concentrating efforts on advancing their products. Notably, the development of an electronically controlled system-oriented steering column is a significant innovation, which is integral to the merging of advanced driver-assistance systems (ADAS). These steering columns use electronic systems to streamline steering changes, enhancing precision while marrying with contemporary vehicle technologies. Highlighting an instance from October 2022, Japan's JTEKT Corporation put forth an advanced, compact, and lightweight motorized steering column with rake tilt and telescopic capabilities. This innovative steering mechanism enables automatic adjustments of the steering wheel, both tilt (vertical) and telescopic (horizontal) through a single switch. Integrating novel elements like a link-type tilt mechanism, which reduces the column height by 30%, and a refined energy absorption structure to increase crash safety. Furthermore, these developments enhance the space around the driver's legs, increase fuel efficiency, and foster improved vehicle ergonomics overall.
What Are the Key Segments in the Automotive Rigid Steering Columns Market?
The automotive rigid steering columns market covered in this report is segmented -
1) By Type: Upper Steering Column, Lower Steering Column
2) By Material Type: Steel, Aluminum, Plastic, Composite Materials
3) By Technology: Traditional Mechanical Columns, Electromechanical Steering Columns, Smart Steering Columns
4) By Application: Commercial Vehicles, Passenger Vehicles
5) By End-User: Original Equipment Manufacturers, Aftermarket Suppliers, Automotive Service Providers
Subsegments:
1) By Upper Steering Column: Steering Column Lock, Ignition Switch Housing, Steering Angle Sensor Mount
2) By Lower Steering Column: Intermediate Shaft, Universal Joint, Column Jacket Assembly
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Who Are the Key Players Shaping the Automotive Rigid Steering Columns Market's Competitive Landscape?
Major companies operating in the automotive rigid steering columns market are ZF Friedrichshafen AG, Thyssenkrupp AG, Aisin Seiki Co. Ltd., Schaeffler Group, JTEKT Corporation, NSK Ltd., Mando Corporation, Leopold Kostal GmbH & Co. KG, Kongsberg Automotive, JLG Industries Inc., COBO Group, Yamada Manufacturing Co. Ltd., R.H. Sheppard Co. Inc., Pailton Engineering Ltd., IDIDIT LLC, Swaraj Automotive Pvt. Ltd., Rane Holdings Limited, Coram Srl, Godrej Enterprises, Namyang Nexmo Co. Ltd.
What Geographic Markets Are Powering Growth in the Automotive Rigid Steering Columns Market?
North America was the largest region in the automotive rigid steering columns market in 2024. The regions covered in the automotive rigid steering columns market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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