The Market Reports

Synopsis
The global market for Steering Columns was estimated to be worth US$ 6877 million in 2024 and is forecast to a readjusted size of US$ 7767 million by 2031 with a CAGR of 2.3% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Steering Columns cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
The steering column is the core transmission component of the automobile steering system. It adopts a tubular rigid structure. The upper end is connected to the steering wheel, and the lower end is connected to the steering mechanism (such as gear rack) through an intermediate shaft, forming a complete steering torque transmission path. Its core function is to efficiently transmit the driver's steering input torque and ensure accurate control of the steering angle. As the hub of the steering input and actuator, its dynamic characteristics directly affect the vehicle's handling, functional safety (such as failure protection mode) and the control accuracy of the intelligent driving system.
The emerging steer-by-wire technology poses a certain market threat to traditional steering columns. As steer-by-wire technology develops, part of the steering columns market will be replaced by it.
The global steering columns market is witnessing steady growth, driven by advancements in vehicle safety, electrification, and autonomous driving technologies. Key growth drivers include increasingly stringent safety regulations—such as Euro NCAP and NHTSA standards—mandating collapsible steering columns, as well as the growing adoption of electric power steering (EPS) and steer-by-wire systems in next-generation vehicles.
The Asia-Pacific region, led by China, dominates production due to its robust automotive manufacturing base, while Europe and North America emphasize premium, safety-enhanced steering solutions. The transition toward autonomous and connected vehicles is also reshaping market demand, spurring interest in innovations such as telescopic and tilt-adjustable columns and steering systems integrated with driver monitoring features.
Despite its positive trajectory, the market faces challenges including high R&D costs associated with advanced steering technologies and ongoing supply chain disruptions—particularly semiconductor shortages impacting EPS systems. Looking ahead, the market's future will be shaped by lightweight materials (such as aluminum and composites), intelligent steering functions, and modular designs tailored for both electric and internal combustion engine vehicles.
This report aims to provide a comprehensive presentation of the global market for Steering Columns, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Steering Columns by region & country, by Type, and by Application.
The Steering Columns market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Steering Columns.
Market Segmentation
By Company
Bosch
ThyssenKrupp
ZF
NSK
Hubei Henglong Automotive System
JTEKT
Mando China Holdings
Nexteer
Hitachi Astemo
Yamada
NAMYANG NEXMO
Segment by Type
Fixed Steering Columns
Manual Adjustable Steering Columns
Power Adjustable Steering Columns
Segment by Application
Passenger Vehicle
Commercial Vehicle
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Steering Columns manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Steering Columns in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Steering Columns in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index