PUBLISHER: The Business Research Company | PRODUCT CODE: 1769827
PUBLISHER: The Business Research Company | PRODUCT CODE: 1769827
An automotive power tilt and telescopic steering column is an adjustable steering system that enables drivers to electronically adjust both the tilt (vertical angle) and telescopic (horizontal reach) positions of the steering wheel. This system is designed to enhance driver comfort, improve ergonomics, and support optimal driving posture by accommodating different driver sizes and preferences.
The primary product types include power tilt steering columns, power telescopic steering columns, and combined tilt and telescopic systems. A power tilt steering column allows for the electric adjustment of the steering wheel's angle to enhance driving comfort and position. These systems are available with different technology options such as electric power steering (EPS), hydraulic power steering (HPS), and manual steering. They are utilized in both passenger vehicles and commercial vehicles, with distribution occurring through both original equipment manufacturers (OEMs) and the aftermarket.
The automotive power tilt and telescopic steering column market research report is one of a series of new reports from The Business Research Company that provides automotive power tilt and telescopic steering column market statistics, including the automotive power tilt and telescopic steering column industry's global market size, regional shares, competitors with the automotive power tilt and telescopic steering column market share, detailed automotive power tilt and telescopic steering column market segments, market trends and opportunities, and any further data you may need to thrive in the automotive power tilt and telescopic steering column market. This automotive power tilt and telescopic steering column market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The automotive power tilt and telescopic steering column market size has grown strongly in recent years. It will grow from $3.92 billion in 2024 to $4.24 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. Growth during the historic period can be attributed to the increasing emphasis on vehicle customization, rising demand for driver assistance technologies, heightened focus on ergonomic design, growing awareness of health and wellness, and the expanding adoption of smart vehicles.
The automotive power tilt and telescopic steering column market size is expected to see strong growth in the next few years. It will grow to $5.74 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%. Growth in the forecast period can be attributed to the increasing demand for enhanced vehicle comfort, rising consumer expectations for luxury features, growing adoption of electric vehicles, heightened awareness of driver safety, and the expanding demand for autonomous vehicles. Key trends anticipated during this period include technological advancements in steering systems, the integration of electric power steering, progress in driver assistance technologies, innovations in electric vehicle (EV) architecture, and continued development of autonomous driving capabilities.
The increasing adoption of electric and autonomous vehicles is expected to drive the growth of the automotive power tilt and telescopic steering column market in the coming years. Electric and autonomous vehicles (EAVs) rely on electric propulsion and integrate self-driving technologies to operate with minimal or no human input. The surge in EAVs is largely fueled by the pursuit of environmental sustainability, as these vehicles help reduce carbon emissions, lower air pollution, and decrease reliance on fossil fuels. Power tilt and telescopic steering columns enhance EAV functionality by offering customizable comfort settings and seamless integration with autonomous systems, allowing for manual control when necessary. For example, in December 2024, the U.S. Energy Information Administration reported that the combined market share of hybrid, plug-in hybrid, and battery electric vehicles (BEVs) in new light-duty vehicle sales in the U.S. rose from 19.1% in Q2 2024 to 21.2% in Q3 2024. Therefore, the growing popularity of electric and autonomous vehicles is significantly contributing to the expansion of the automotive power tilt and telescopic steering column market.
Leading companies in the automotive power tilt and telescopic steering column market are innovating with advanced adjustable steering systems to support evolving driver-assistance technologies. These systems allow precise electronic control over tilt and telescopic functions, enhancing both driver comfort and safety while integrating with modern vehicle platforms. For instance, in May 2024, CORAM Group, an Italy-based manufacturer of steering column systems unveiled the TITAN steering column, an advanced tilt and telescopic solution tailored for buses and coaches. Featuring a pneumatic locking system, TITAN enables drivers to adjust the steering wheel's position effortlessly without removing their hands from the wheel, promoting improved ergonomics and reducing fatigue during extended periods of driving.
In May 2022, Thyssenkrupp AG, a Germany-based engineering and manufacturing firm, entered into a joint venture with NSK Ltd., a Japanese company known for its expertise in bearings, automotive components, and precision machinery. The collaboration aims to enhance Thyssenkrupp's global competitiveness in the steering systems market by leveraging NSK's technological capabilities and expanding its international reach through the joint venture.
Major players in the automotive power tilt and telescopic steering column market are Toyota Motor Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, Thyssenkrupp AG, Hyundai Mobis Co. Ltd., Aisin Seiki Co. Ltd., Schaeffler AG, JTEKT Corporation, NSK Ltd., Mando Corporation, Nexteer Automotive Corporation, Kongsberg Automotive, Rane Group, CORAM Group, Delphi Technologies plc, Pailton Engineering Ltd., ONUR Hidromekanik Ltd., Ididit LLC, Flaming River Industries Inc., Sayam Auto Group Co. Ltd., and Zhejiang Shibao Co. Ltd.
Asia-Pacific was the largest region in the automotive power tilt and telescopic steering column market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in automotive power tilt and telescopic steering column report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the automotive power tilt and telescopic steering column market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive power tilt and telescopic steering column market consists of sales of electric actuators, steering column modules, adjustable steering wheel mounts, column integration kits, and position sensors. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Power Tilt And Telescopic Steering Column Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive power tilt and telescopic steering column market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive power tilt and telescopic steering column ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive power tilt and telescopic steering column market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.