Steering Columns System Market Forecast, Trends, Opportunities And Growth Drivers 2025-2034

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How has the steering columns system market size changed in recent years, and what is the outlook ahead?
The steering columns 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 in the historic period can be attributed to increasing vehicle safety regulations, rising demand for comfort and customization, a rise in vehicle production globally, increasing integration of electronic control systems, and rising adoption of power steering technology.

The steering columns 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 growth in the forecast period can be attributed to growing demand for autonomous vehicles, increasing integration of steer-by-wire technology, rising focus on lightweight and fuel-efficient components, expanding electric vehicle (EV) market, and growing investments in automotive R&D. Major trends in the forecast period include advanced steer-by-wire systems gaining traction, advancements in collapsible steering column designs, innovation in steering system sensor technologies, integration of electronic control units (ECUs), and integration of steering systems with ADAS features.

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What are the top economic and technological drivers pushing steering columns system market growth?
The increasing vehicle production are expected to propel the growth of the steering column system market going forward. Vehicle production refer to the manufacturing of vehicles, including the total number of units produced and sold within a specific period. Vehicle production is rising due to higher consumer demand for transportation, boosting manufacturers to scale up operations and adopt advanced automotive systems to meet growing market needs. Steering column system supports vehicle production by enabling efficient integration of steering, safety, and electronic control components, thereby streamlining assembly and enhancing vehicle functionality. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based standards group of the automobile industry, the number of motor vehicles manufactured globally in 2022 was 85.4 million, an increase of 5.7% over the year 2021. Therefore, the increasing vehicle production and sales are driving significant growth in the steering column system market.

How is the steering columns system market segmented by product, application, and end-user?
The steering columns system market covered in this report is segmented –

1) By Type: Non-Adjustable Steering Columns, Manually Adjustable Steering Columns, Electrically Adjustable Steering Columns
2) By Steering System: Hydraulic Power Steering System, Electric Power Steering System, Manual Rack and Pinion Steering System, Manual Worm and Roller Steering System, Manual Recirculating Ball And Nut Steering System
3) By Application: Agricultural Vehicles, Passenger Cars, Engineering Vehicles

Subsegments:
1) By Non-Adjustable Steering Columns: Fixed Steering Columns, Collapsible Steering Columns
2) By Manually Adjustable Steering Columns: Tilt Steering Columns, Telescope Steering Columns
3) By Electrically Adjustable Steering Columns: Electric Tilt Steering Columns, Electric Telescope Steering Columns, Power-Assist Steering Columns

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What are the top market trends driving innovation in the steering columns system industry?
Major companies operating in the steering column systems market are focusing on developing advanced products such as electric power steering systems to enhance steering performance and support a broader range of vehicles. Electric Power Steering (EPS) uses an electric motor to assist steering, replacing traditional hydraulic systems. It improves steering accuracy, boosts fuel efficiency, and seamlessly integrates with advanced driver-assistance technologies. For instance, in April 2025, Nexteer Automotive, a US-based automotive industry company, introduced its High-Output Column-Assist Electric Power Steering (HO CEPS). This advancement allows automotive manufacturers to optimize both performance and scalability across diverse vehicle platforms by enhancing steering assist capacity to 110 Nm. It addresses the evolving demands of the global automotive market, particularly with increased requirements for flexibility in steering systems. HO CEPS offers an efficient solution for a range of vehicle types, from compact cars to larger models. This development underscores Nexteer's commitment to advancing steering technology for future automotive needs.

Which leading companies are dominating the steering columns system market landscape?
Major companies operating 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

Which geographic areas are expected to offer the highest growth opportunities in thesteering columns system market?
Asia-Pacific was the largest region in the steering column system market in 2024. The regions covered in the steering columns system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Can Companies Use The Steering Columns System Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.

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