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Steering Columns System Market to Reach USD 15.7 Billion by 2020

Steering Columns System Market to Reach USD 15.7 Billion by 2020

Steering Columns System Market: Europe has huge scope for steering wheel column in automotive industry during 2015-2020
According to MarketIntelReports, “Steering Columns System Market Analysis & Forecast By Vehicle Type (Passenger, Commercial, Sports & Others); By Steering Systems and Steering Columns; By Geography – Forecast 2020″,

The steering wheel column in automotive is used for connecting the steering wheel to the steering mechanism of the vehicle. The input torque applied by the driver of the vehicle is transferred through the steering column. There is high scope for the Steering Columns System Market in various regions across the globe during 2015-2020.

Browse 180 Pages and an in-depth TOC on Steering Columns System Market 2020 http://www.marketintelreports.com/report/atr0015/steering-columns-system-market-analysis–forecast-by-vehicle-type-passenger-commercial-sports–others-by-steering-systems-and-steering-columns-by-geography–forecast-20152020

Scope and Regional Forecast of the Steering Columns System Market:

In the Steering Columns System Market, companies are expected to invest high capital for production and designing of the steering column for better function of the vehicle. The rise in sales of automotive is propelling the demand of steering columns by 2020.

North America is expected to have healthy demand in the Steering Columns System Market with many companies from this region involved in this market. Europe is one of the leading regions due to the prominent automotive industry.

Asia Pacific is expected to have high scope in the Steering Columns System Market. China and India are the major markets for steering columns during 2015-2020.

The Steering Columns System Market is a fast growing market with high demand for steering column components in automotive industry for different types of vehicles in various regions across the globe. This market is expected to witness high growth owing to the increasing R&D expenditure for steering mechanism and steering wheel design by manufacturers, growing production of adjustable steering column and steering wheel in automotive industry and marginalizing steering column repair cost with lowering car steering system cost in various regions across the globe during 2015-2020.

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Segmentation and Key Players of the Steering Columns System Market:

The Steering Columns System Market is segmented into various categories by vehicle type, by pivot alignment, by steering system, by column type and by geography as follows:

By vehicle type: passenger cars, heavy commercial vehicles and light commercial vehicles

By pivot alignment: lower pivot steering column, upper pivot tilt and telescopic steering column, lower pivot tilt and telescopic steering column, lower pivot tilt steering column

By steering system: hydraulic power steering system, electric power steering system, manual rock and pinion steering system, manual worm and roller system, manual recirculating ball and nut steering system

By column type: nonadjustable steering columns, rake adjustable steering columns, tilt adjustable steering columns, power adjustable steering columns, active energy absorbing steering columns, power one touch adjustability columns, touch control electronic transmission shifter steering column

By geography: North America, South America, Europe, Asia Pacific and ROW

The key players in the Steering Columns System Market are as follows:

  • Bosch (Germany)
  • C.O.B.O International (Italy)
  • Marimba Auto (USA)
  • Pailton Engineering Ltd. (UK)
  • Delphi Automotive PLC (UK)

The rise in sales of cars and other types of vehicles is propelling the demand and sales of the steering wheel column in automotive industry during 2015-2020.

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