Steering Column Control Modules Market 2021-2025: Scope
The report covers the following areas:
Steering Column Control Modules Market 2021-2025: Vendor Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BorgWarner Inc., DENSO Corp., Eaton Corp. Plc, HELLA GmbH and Co. KGaA, Hyundai Motor Group, ididit LLC, Leopold Kostal GmbH & Co. KG, NEXTEER AUTOMOTIVE GROUP LTD., Valeo SA, and ZF Friedrichshafen AG are some of the major market participants.
Steering Column Control Modules Market 2021-2025: Drivers & Challenges
The growing demand for electric power steering (EPS) systems, demand for fuel-efficient & easy-grip vehicles, and the development of portable steering wheel angle measurement sensors will offer immense growth opportunities. However, factors such as declined use of hydraulic power steering may threaten the growth of the market.
Steering Column Control Modules Market 2021-2025: Key Regions
43% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for steering column control modules in APAC. The increased demand for fuel-efficient and easy grip vehicles will facilitate the steering column control modules market growth in APAC over the forecast period.
Steering Column Control Modules Market 2021-2025: Segmentation
- Distribution Channel
- Geography
- APAC
- Europe
- North America
- South America
- MEA
To help businesses improve their market position, the steering column control modules market provides a detailed analysis of around 25 vendors operating in the market. Also, to leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
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Steering Column Control Modules Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist steering column control modules market growth during the next five years
- Estimation of the steering column control modules market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the steering column control modules market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of steering column control modules market vendors
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Steering Column Control Modules Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.53% |
Market growth 2021-2025 |
USD 3.35 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.47 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 43% |
Key consumer countries |
China, US, Japan, Germany, and South Korea (Republic of Korea) |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
BorgWarner Inc., DENSO Corp., Eaton Corp. Plc, HELLA GmbH and Co. KGaA, Hyundai Motor Group, ididit LLC, Leopold Kostal GmbH & Co. KG, NEXTEER AUTOMOTIVE GROUP LTD., Valeo SA, and ZF Friedrichshafen AG |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Download a free sample now to uncover highlights deployed by Companies of steering column control modules market.
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