PUBLISHER: The Business Research Company | PRODUCT CODE: 1770088
PUBLISHER: The Business Research Company | PRODUCT CODE: 1770088
The steering column system plays a crucial role in a vehicle's steering setup by connecting the steering wheel to the steering gear and transferring the driver's commands to the wheels. It mainly features a shaft that allows accurate control of direction by turning the driver's movements into the vehicle's motion.
The main types of steering columns are non-adjustable, manually adjustable, and electrically adjustable. Non-adjustable columns are either fixed or collapsible and cannot be altered to fit the driver's preferences. Different kinds of steering systems include hydraulic power steering, electric power steering, manual rack and pinion, manual worm and roller, and manual recirculating ball and nut steering systems. These systems are utilized in a range of vehicles like agricultural machinery, passenger cars, and construction equipment.
The steering column systems market research report is one of a series of new reports from The Business Research Company that provides steering column systems market statistics, including the steering column systems industry global market size, regional shares, competitors with the steering column systems market share, detailed steering column systems market segments, market trends, and opportunities, and any further data you may need to thrive in the steering column systems industry. This steering column systems 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 steering column system market size has grown strongly in recent years. It will grow from $26.74 billion in 2024 to $28.52 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth during the historic period was driven by several factors, including the implementation of stricter vehicle safety regulations, growing demand for enhanced comfort and customization, a global increase in vehicle production, greater integration of electronic control systems, and the expanding use of power steering technology.
The steering column system market size is expected to see strong growth in the next few years. It will grow to $36.47 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The projected growth in the forecast period can be attributed to the rising demand for autonomous vehicles, increased adoption of steer-by-wire technology, a stronger emphasis on lightweight and fuel-efficient components, the rapid expansion of the electric vehicle (EV) market, and growing investments in automotive research and development. Key trends expected during this period include the growing popularity of advanced steer-by-wire systems, innovations in collapsible steering column designs, advancements in steering system sensor technologies, the integration of electronic control units (ECUs), and the incorporation of steering systems with advanced driver assistance systems (ADAS) features.
The increasing production of vehicles is expected to drive the growth of the steering column system market in the coming years. Vehicle production involves the manufacturing of vehicles and includes the total number of units produced and sold during a specific time period. This rise in production is fueled by growing consumer demand for transportation, prompting manufacturers to expand operations and integrate advanced automotive technologies. Steering column systems play a key role in supporting this trend by facilitating the efficient integration of steering, safety, and electronic control components. This contributes to streamlined assembly processes and improved overall vehicle functionality. For example, in May 2023, the European Automobile Manufacturers Association, based in Belgium, reported that global motor vehicle production reached 85.4 million units in 2022, marking a 5.7% increase compared to 2021. As a result, the growth in vehicle production and sales is significantly contributing to the expansion of the steering column system market.
Companies in the steering column systems market are actively developing new technologies such as electric power steering systems to improve vehicle performance and adapt to a wide variety of models. Electric Power Steering (EPS) systems use electric motors instead of traditional hydraulic mechanisms, offering improved steering precision, increased fuel efficiency, and compatibility with modern driver-assistance features. In April 2025, Nexteer Automotive, a US-based automotive company, introduced its High-Output Column-Assist Electric Power Steering (HO CEPS). This system enhances steering assistance up to 110 Nm and provides scalable solutions for various vehicle platforms, from compact cars to larger models. The innovation supports manufacturers in meeting the evolving demands of the global automotive industry, reflecting Nexteer's commitment to advancing steering system technologies.
In May 2022, NSK Ltd., a Japanese company that produces automotive steering columns, formed a partnership with Thyssenkrupp AG to collaborate on steering system solutions. This partnership brings together their technological expertise with the goal of boosting competitiveness and addressing the changing needs of customers in the steering systems market. Thyssenkrupp AG, based in Germany, is a manufacturer of steering columns and steering systems.
Major players in the steering columns system market are Robert Bosch GmbH, ZF Friedrichshafen AG, DENSO Corporation, ThyssenKrupp AG, Aisin Seiki Co. Ltd., Eaton Corporation plc, Aptiv PLC, Schaeffler Group, JTEKT Corporation, NSK Ltd., Mando Corporation, Nexteer Automotive Corporation, Leopold Kostal GmbH & Co. KG, COBO Group, Yamada Manufacturing Co. Ltd., Oetiker Group AG, Coram Group S.p.A., Pailton Engineering Limited, Marimba Auto LLC, Vishnu Vaibhav Industries Private Limited.
Asia-Pacific was the largest region in the steering column system market in 2024. The regions covered in steering column system report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the steering column system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The steering column system market consists of sales of intermediate steering column, adjustable energy absorbing column, steer-by-wire steering column. 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/or 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 and 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.
Steering Columns System 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 steering columns system 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 steering columns system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The steering columns system 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.