LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global automotive collapsible steering column market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The research study by Technavio on the global automotive collapsible steering column market for 2017-2021 provides a detailed industry analysis based on the vehicle type (passenger cars and commercial vehicles) and geography (APAC, EMEA, and the Americas).
|Collapsible steering column consists of two hollow shafts with the smaller shaft placed inside the other. This design structure allows the steering column to collapse during a frontal impact and absorbs the energy of impact. Technavio analysts forecast the global automotive collapsible steering column market to grow to 95.09 million units by 2021, at a CAGR of more than 2% over the forecast period.|
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
The top three emerging trends driving the global automotive collapsible steering column market according to Technavio automotive research analysts are:
- Development of foldable steering wheel concept
- Continuous advances in the automotive steering technology
- Multi-axle dynamic steering system for better handling and driving characteristics
Development of foldable steering wheel concept
“The collapsible steering was initially developed to protect the driver from harm in case of any accident. The collapsible steering column collapses, thereby protecting the driver to safeguard from his/her head hitting the steering column,” says Siddharth Jaiswal, a lead analyst at Technavio for automotive components research.
Apart from protecting the driver in case of any accident, the collapsible steering is also popular among physically challenged or senior citizens. These steering columns can be collapsed to make getting in and out of the vehicle easier for the drivers who need a little extra space in the cockpit.
Continuous advances in the automotive steering technology
The rise in environmental concerns has led to increased investments towards R&D to improve engine efficiency and to reduce vehicle emission levels. Automotive steering system manufacturers are constantly evolving their design and technology to improve performance and ease compliance with the latest emission norms.
The rising use of electronic components in automotive vehicles has also encouraged automobile manufacturers to invest in integrating electronics and safety systems with automotive steering systems. These advances are expected to boost the automotive collapsible steering column market.
Multi-axle dynamic steering system for better handling and driving characteristics
The global automotive industry is witnessing advances and improvements in the field of safety and convenient systems, which aim at enhancing the driving characteristics and output from a vehicle, resulting in optimum performance.
“The automotive system designer and developers have developed multi-axle dynamic steering system, which results in higher handling and better safety of the vehicles. The system incorporates a mechanical mechanism that is simpler in design and low on cost,” says Siddharth.
Browse Related Reports:
- Global Automotive Glove Box Market 2017-2021
- Global Two-Wheeler Catalytic Converter Market 2017-2021
- Global Automotive Fuel Tank Market 2017-2021
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like auto accessories, automotive manufacturing, and wheels and tires. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
If you are interested in more information, please contact our media team at email@example.com.