Global Electrical Steering Column Lock Market is expected to grow at a CAGR of 7.1% throughout the forecast period, to reach US$ 38.08 Bn. by 2029. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report Electrical steering column lock market is majorly segmented by the vehicle, distribution channel, and region wise. Based on vehicle segment PCV is expected to dominate the global Electrical steering column lock market in 2022 owing to the substantial production of these vehicles across the globe. Rising deployment of electric power steering (EPS) in these vehicles will further support the segment dominance till 2029. Electrical steering column lock can be also classified based on the distribution channel, where the OEM segment held the highest market share owing to their process expertise coupled with customer’s trust towards the manufacturer. High-performance vehicles and continuous efforts of industry players for the development of cost-effective solutions are the major factors responsible for the strong preference towards OEMs. High demand for electric power steering (EPS) vehicles across the globe will primarily boost the adoption of electrical steering column lock market share from 2023 to 2029. Growing demand for EPS can be attributed to its benefits such as considerable fuel savings and quick response. Various government bodies have imposed certain regulations to mandate EPS adoption, instigating immense growth potential in the industry. Rising security concerns among customers will further escalate the revenue generation for electric steering column lock market over the forecast timeline. Strengthening electrical vehicles penetration coupled with stringent regulations regarding fuel economy will further contribute to the industry growth significantly. Frequent innovations in column lock mechanism have induced immense potential and these advancements have led to enhanced and simplified vehicle design. For instance, NSK Ltd. introduced an innovative steering wheel column lock mechanism wedge gear system that enhances occupant safety during automotive collisions. It is designed with a wedge in the receiving gear surface and provides over 25% improvement in steering wheel position lock force over traditional design. Moreover, this innovative vehicle uses 70% less components than the conventional design. Geographically, the Electrical Steering Column Lock Market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia-Pacific held the highest market in 2022 which can be attributed to high automobile production, especially passenger cars across the region. China was counted among the largest automobile market in 2022 whereas India showcased a growth of the utility vehicles by almost 30% in the same year. Rising penetration of electric vehicles will further help in supporting the region’s dominance over the next eight years. Key player across the electrical steering column lock industry are Nexteer Automotive, Robert Bosch, ZF Friedrichshafen AG, NSK Ltd., and Nissan. For instance, in March 2017, Nissan took an initiative to replace the conventional steering lock with an electrical steering column lock for cost-free in Nissan Altima and Maxima models. This strategy helped the company to gain traction among the customers. Manufacturers are also indulged in new vehicle parts development for gaining the competitive edge. For instance, in 2013, NSK Ltd. introduced an innovative column lock mechanism that improves the overall system design and performance. The objective of the report is to present comprehensive analysis of Global Electrical Steering Column Lock market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Global Electrical Steering Column Lock market dynamics, structure by analyzing the market segments, and project the Global Electrical Steering Column Lock market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Electrical Steering Column Lock market make the report investor’s guide.
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Global Electrical Steering Column Lock Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 23.56 Bn. Forecast Period 2023 to 2029 CAGR: 4.5% Market Size in 2029: US $ 38.08 Bn. Segments Covered: by Vehicle PCV LCV HCV Special Utility Motorcycles by Distribution Channel OEM Aftermarket Global Electrical Steering Column Lock Market, by Geography:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Key Players, Global Electrical Steering Column Lock Market:
1. Nexteer Automotive 2. Robert Bosch 3. ZF Friedrichshafen AG 4. NSK Ltd. 5. Nissan FAQ 1] What segments are covered in the Global Electrical Steering Column Lock Market report? Ans. The segments covered in the Global Market report are based on Vehicle, Distribution Channel. 2] Which region is expected to hold the highest share in the Global Electrical Steering Column Lock Market? Ans. Asia-Pacific region is expected to hold the highest share in the Global Market. 3] What is the market size of the Global Market by 2029? Ans. The market size of the Global Market by 2029 is expected to reach US$ 38.08 Bn. 4] What is the forecast period for the Global Market? Ans. The forecast period for the Global Market is 2023-2029. 5] What was the market size of the Global Market in 2022? Ans. The market size of the Global Market in 2022 was valued at US$ 23.56 Bn..
1. Electrical Steering Column Lock Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Electrical Steering Column Lock Market: Dynamics 2.1. Electrical Steering Column Lock Market Trends by Region 2.1.1. North America Electrical Steering Column Lock Market Trends 2.1.2. Europe Electrical Steering Column Lock Market Trends 2.1.3. Asia Pacific Electrical Steering Column Lock Market Trends 2.1.4. Middle East and Africa Electrical Steering Column Lock Market Trends 2.1.5. South America Electrical Steering Column Lock Market Trends 2.2. Electrical Steering Column Lock Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Electrical Steering Column Lock Market Drivers 2.2.1.2. North America Electrical Steering Column Lock Market Restraints 2.2.1.3. North America Electrical Steering Column Lock Market Opportunities 2.2.1.4. North America Electrical Steering Column Lock Market Challenges 2.2.2. Europe 2.2.2.1. Europe Electrical Steering Column Lock Market Drivers 2.2.2.2. Europe Electrical Steering Column Lock Market Restraints 2.2.2.3. Europe Electrical Steering Column Lock Market Opportunities 2.2.2.4. Europe Electrical Steering Column Lock Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Electrical Steering Column Lock Market Drivers 2.2.3.2. Asia Pacific Electrical Steering Column Lock Market Restraints 2.2.3.3. Asia Pacific Electrical Steering Column Lock Market Opportunities 2.2.3.4. Asia Pacific Electrical Steering Column Lock Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Electrical Steering Column Lock Market Drivers 2.2.4.2. Middle East and Africa Electrical Steering Column Lock Market Restraints 2.2.4.3. Middle East and Africa Electrical Steering Column Lock Market Opportunities 2.2.4.4. Middle East and Africa Electrical Steering Column Lock Market Challenges 2.2.5. South America 2.2.5.1. South America Electrical Steering Column Lock Market Drivers 2.2.5.2. South America Electrical Steering Column Lock Market Restraints 2.2.5.3. South America Electrical Steering Column Lock Market Opportunities 2.2.5.4. South America Electrical Steering Column Lock Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Electrical Steering Column Lock Industry 2.8. Analysis of Government Schemes and Initiatives For Electrical Steering Column Lock Industry 2.9. Electrical Steering Column Lock Market Trade Analysis 2.10. The Global Pandemic Impact on Electrical Steering Column Lock Market 3. Electrical Steering Column Lock Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 3.1.1. PCV 3.1.2. LCV 3.1.3. HCV 3.1.4. Special Utility 3.1.5. Motorcycles 3.2. Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 3.2.1. OEM 3.2.2. Aftermarket 3.3. Electrical Steering Column Lock Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Electrical Steering Column Lock Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 4.1.1. PCV 4.1.2. LCV 4.1.3. HCV 4.1.4. Special Utility 4.1.5. Motorcycles 4.2. North America Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 4.2.1. OEM 4.2.2. Aftermarket 4.3. North America Electrical Steering Column Lock Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 4.3.1.1.1. PCV 4.3.1.1.2. LCV 4.3.1.1.3. HCV 4.3.1.1.4. Special Utility 4.3.1.1.5. Motorcycles 4.3.1.2. United States Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 4.3.1.2.1. OEM 4.3.1.2.2. Aftermarket 4.3.2. Canada 4.3.2.1. Canada Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 4.3.2.1.1. PCV 4.3.2.1.2. LCV 4.3.2.1.3. HCV 4.3.2.1.4. Special Utility 4.3.2.1.5. Motorcycles 4.3.2.2. Canada Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 4.3.2.2.1. OEM 4.3.2.2.2. Aftermarket 4.3.3. Mexico 4.3.3.1. Mexico Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 4.3.3.1.1. PCV 4.3.3.1.2. LCV 4.3.3.1.3. HCV 4.3.3.1.4. Special Utility 4.3.3.1.5. Motorcycles 4.3.3.2. Mexico Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 4.3.3.2.1. OEM 4.3.3.2.2. Aftermarket 5. Europe Electrical Steering Column Lock Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 5.2. Europe Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 5.3. Europe Electrical Steering Column Lock Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 5.3.1.2. United Kingdom Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 5.3.2. France 5.3.2.1. France Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 5.3.2.2. France Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 5.3.3.2. Germany Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 5.3.4.2. Italy Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 5.3.5.2. Spain Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 5.3.6.2. Sweden Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 5.3.7.2. Austria Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 5.3.8.2. Rest of Europe Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 6. Asia Pacific Electrical Steering Column Lock Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 6.2. Asia Pacific Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 6.3. Asia Pacific Electrical Steering Column Lock Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 6.3.1.2. China Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 6.3.2.2. S Korea Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 6.3.3.2. Japan Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 6.3.4. India 6.3.4.1. India Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 6.3.4.2. India Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 6.3.5.2. Australia Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 6.3.6.2. Indonesia Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 6.3.7.2. Malaysia Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 6.3.8.2. Vietnam Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 6.3.9.2. Taiwan Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 6.3.10.2. Rest of Asia Pacific Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 7. Middle East and Africa Electrical Steering Column Lock Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 7.2. Middle East and Africa Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 7.3. Middle East and Africa Electrical Steering Column Lock Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 7.3.1.2. South Africa Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 7.3.2.2. GCC Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 7.3.3.2. Nigeria Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 7.3.4.2. Rest of ME&A Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 8. South America Electrical Steering Column Lock Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 8.2. South America Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 8.3. South America Electrical Steering Column Lock Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 8.3.1.2. Brazil Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 8.3.2.2. Argentina Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Electrical Steering Column Lock Market Size and Forecast, by Vehicle (2022-2029) 8.3.3.2. Rest Of South America Electrical Steering Column Lock Market Size and Forecast, by Distribution Channel (2022-2029) 9. Global Electrical Steering Column Lock Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Electrical Steering Column Lock Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Nexteer Automotive 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Robert Bosch 10.3. ZF Friedrichshafen AG 10.4. NSK Ltd. 10.5. Nissan 11. Key Findings 12. Industry Recommendations 13. Electrical Steering Column Lock Market: Research Methodology 14. Terms and Glossary