Product Code: ETC13222419 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Commercial Vehicle Steering Column Market was valued at USD 2.7 Billion in 2024 and is expected to reach USD 4.5 Billion by 2031, growing at a compound annual growth rate of 6.46% during the forecast period (2025-2031).
The Global Commercial Vehicle Steering Column Market is witnessing steady growth driven by increasing demand for commercial vehicles across various industries such as logistics, construction, and agriculture. Technological advancements in steering column systems to enhance safety features and improve overall vehicle performance are also contributing to market expansion. Key players in the market are focusing on developing innovative solutions to cater to the evolving needs of commercial vehicle manufacturers and fleet operators. North America and Europe dominate the market due to the presence of established automotive industries and stringent safety regulations. Additionally, the Asia Pacific region is expected to witness significant growth owing to the rapid expansion of the commercial vehicle sector in emerging economies like China and India. Overall, the market is projected to continue its upward trajectory with a focus on developing advanced steering column technologies to meet the growing demand for efficient and safe commercial vehicles.
The Global Commercial Vehicle Steering Column Market is witnessing a shift towards the integration of advanced technologies such as electronic power steering systems and steer-by-wire systems to improve vehicle performance and safety. Manufacturers are focusing on developing lightweight and durable steering columns to enhance fuel efficiency and reduce emissions in commercial vehicles. Additionally, the increasing demand for electric commercial vehicles is creating opportunities for steering column manufacturers to innovate and provide solutions that cater to the specific requirements of electric vehicle platforms. The market is also seeing a growing emphasis on driver comfort and ergonomics, leading to the development of adjustable and customizable steering columns. Overall, the market is poised for growth driven by technological advancements and the expanding commercial vehicle sector globally.
The Global Commercial Vehicle Steering Column Market faces several challenges including increasing competition among manufacturers leading to pricing pressures, stringent regulations regarding vehicle safety and emissions, and the need for continuous technological advancements to meet the evolving demands of commercial vehicle operators. Additionally, the market is also impacted by fluctuating raw material prices, supply chain disruptions, and the shift towards electric and autonomous vehicles which require innovative steering column solutions. Adapting to these challenges requires companies in the market to invest in research and development, focus on quality control and compliance, establish efficient supply chain networks, and enhance collaboration with key stakeholders to stay competitive and meet the changing market dynamics.
The Global Commercial Vehicle Steering Column Market is primarily driven by the increasing demand for commercial vehicles across various industries such as logistics, construction, and agriculture. The growth in e-commerce activities and the need for efficient transportation solutions have led to an uptick in the sales of commercial vehicles, thereby boosting the demand for steering columns. Additionally, stringent safety regulations mandating the use of advanced steering systems to enhance vehicle control and stability have further propelled market growth. Technological advancements in steering column design, such as the integration of electronic power steering and driver assistance systems, are also driving market expansion by offering improved safety features and enhanced driving experience for commercial vehicle operators.
Government policies related to the Global Commercial Vehicle Steering Column Market can vary by country and region, but generally focus on safety regulations, emissions standards, and vehicle manufacturing requirements. These policies aim to ensure that steering columns meet specific safety standards to protect drivers and passengers, as well as to reduce environmental impact through emissions controls. Additionally, some governments may implement incentives or subsidies to encourage the adoption of cleaner and more efficient steering column technologies in commercial vehicles. Compliance with these regulations is crucial for manufacturers operating in the market, as non-compliance can result in fines, penalties, or restrictions on production and sales. Overall, government policies play a significant role in shaping the commercial vehicle steering column market by promoting innovation, safety, and sustainability.
The Global Commercial Vehicle Steering Column Market is expected to witness steady growth in the coming years due to the increasing demand for commercial vehicles across various industries such as construction, logistics, and transportation. The market is likely to be driven by factors such as technological advancements in steering column systems, growing emphasis on vehicle safety and performance, and the rising trend of electric and autonomous commercial vehicles. Additionally, stringent government regulations regarding vehicle safety standards are expected to propel the market growth further. With the increasing focus on enhancing driver comfort, control, and efficiency, manufacturers are likely to invest in developing innovative steering column solutions to cater to the evolving needs of the commercial vehicle industry.
In the Global Commercial Vehicle Steering Column Market, Asia is expected to witness significant growth due to the increasing demand for commercial vehicles in countries like China and India. North America is likely to experience steady growth driven by technological advancements in steering column systems. Europe is expected to have a mature market with a focus on enhancing safety features in commercial vehicles. The Middle East and Africa region is likely to see moderate growth due to infrastructure development projects boosting the demand for commercial vehicles. Latin America is anticipated to witness a gradual increase in the adoption of commercial vehicles, driven by economic growth and urbanization trends in countries like Brazil and Mexico. Overall, the global commercial vehicle steering column market is expected to show promising growth opportunities across these regions.
Global Commercial Vehicle Steering Column Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Commercial Vehicle Steering Column Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Commercial Vehicle Steering Column Market Revenues & Volume, 2021 & 2031F |
3.3 Global Commercial Vehicle Steering Column Market - Industry Life Cycle |
3.4 Global Commercial Vehicle Steering Column Market - Porter's Five Forces |
3.5 Global Commercial Vehicle Steering Column Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Commercial Vehicle Steering Column Market Revenues & Volume Share, By Column Type, 2021 & 2031F |
3.7 Global Commercial Vehicle Steering Column Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.8 Global Commercial Vehicle Steering Column Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.9 Global Commercial Vehicle Steering Column Market Revenues & Volume Share, By Steering System, 2021 & 2031F |
4 Global Commercial Vehicle Steering Column Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Commercial Vehicle Steering Column Market Trends |
6 Global Commercial Vehicle Steering Column Market, 2021 - 2031 |
6.1 Global Commercial Vehicle Steering Column Market, Revenues & Volume, By Column Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Commercial Vehicle Steering Column Market, Revenues & Volume, By Adjustable Steering Columns, 2021 - 2031 |
6.1.3 Global Commercial Vehicle Steering Column Market, Revenues & Volume, By Non-adjustable Steering Columns, 2021 - 2031 |
6.2 Global Commercial Vehicle Steering Column Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Commercial Vehicle Steering Column Market, Revenues & Volume, By Class 6 (GVWR - 19,501 to 26,000 pounds), 2021 - 2031 |
6.2.3 Global Commercial Vehicle Steering Column Market, Revenues & Volume, By Class 7 (GVWR - 26,001 to 33,000 pounds), 2021 - 2031 |
6.2.4 Global Commercial Vehicle Steering Column Market, Revenues & Volume, By Class 8 (GVWR - Above 33,000 pounds), 2021 - 2031 |
6.3 Global Commercial Vehicle Steering Column Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Commercial Vehicle Steering Column Market, Revenues & Volume, By OEM, 2021 - 2031 |
6.3.3 Global Commercial Vehicle Steering Column Market, Revenues & Volume, By OES, 2021 - 2031 |
6.3.4 Global Commercial Vehicle Steering Column Market, Revenues & Volume, By Aftermarket, 2021 - 2031 |
6.4 Global Commercial Vehicle Steering Column Market, Revenues & Volume, By Steering System, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Commercial Vehicle Steering Column Market, Revenues & Volume, By Manual Worm & Roller Steering System, 2021 - 2031 |
6.4.3 Global Commercial Vehicle Steering Column Market, Revenues & Volume, By Power Steering System, 2021 - 2031 |
6.4.4 Global Commercial Vehicle Steering Column Market, Revenues & Volume, By Manual Recirculating Ball & Nut Steering System, 2021 - 2031 |
6.4.5 Global Commercial Vehicle Steering Column Market, Revenues & Volume, By Manual Rack and Pinion Steering System, 2021 - 2031 |
7 North America Commercial Vehicle Steering Column Market, Overview & Analysis |
7.1 North America Commercial Vehicle Steering Column Market Revenues & Volume, 2021 - 2031 |
7.2 North America Commercial Vehicle Steering Column Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Commercial Vehicle Steering Column Market, Revenues & Volume, By Column Type, 2021 - 2031 |
7.4 North America Commercial Vehicle Steering Column Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
7.5 North America Commercial Vehicle Steering Column Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
7.6 North America Commercial Vehicle Steering Column Market, Revenues & Volume, By Steering System, 2021 - 2031 |
8 Latin America (LATAM) Commercial Vehicle Steering Column Market, Overview & Analysis |
8.1 Latin America (LATAM) Commercial Vehicle Steering Column Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Commercial Vehicle Steering Column Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Commercial Vehicle Steering Column Market, Revenues & Volume, By Column Type, 2021 - 2031 |
8.4 Latin America (LATAM) Commercial Vehicle Steering Column Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
8.5 Latin America (LATAM) Commercial Vehicle Steering Column Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
8.6 Latin America (LATAM) Commercial Vehicle Steering Column Market, Revenues & Volume, By Steering System, 2021 - 2031 |
9 Asia Commercial Vehicle Steering Column Market, Overview & Analysis |
9.1 Asia Commercial Vehicle Steering Column Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Commercial Vehicle Steering Column Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Commercial Vehicle Steering Column Market, Revenues & Volume, By Column Type, 2021 - 2031 |
9.4 Asia Commercial Vehicle Steering Column Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
9.5 Asia Commercial Vehicle Steering Column Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
9.6 Asia Commercial Vehicle Steering Column Market, Revenues & Volume, By Steering System, 2021 - 2031 |
10 Africa Commercial Vehicle Steering Column Market, Overview & Analysis |
10.1 Africa Commercial Vehicle Steering Column Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Commercial Vehicle Steering Column Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Commercial Vehicle Steering Column Market, Revenues & Volume, By Column Type, 2021 - 2031 |
10.4 Africa Commercial Vehicle Steering Column Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
10.5 Africa Commercial Vehicle Steering Column Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
10.6 Africa Commercial Vehicle Steering Column Market, Revenues & Volume, By Steering System, 2021 - 2031 |
11 Europe Commercial Vehicle Steering Column Market, Overview & Analysis |
11.1 Europe Commercial Vehicle Steering Column Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Commercial Vehicle Steering Column Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Commercial Vehicle Steering Column Market, Revenues & Volume, By Column Type, 2021 - 2031 |
11.4 Europe Commercial Vehicle Steering Column Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
11.5 Europe Commercial Vehicle Steering Column Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
11.6 Europe Commercial Vehicle Steering Column Market, Revenues & Volume, By Steering System, 2021 - 2031 |
12 Middle East Commercial Vehicle Steering Column Market, Overview & Analysis |
12.1 Middle East Commercial Vehicle Steering Column Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Commercial Vehicle Steering Column Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Commercial Vehicle Steering Column Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Commercial Vehicle Steering Column Market, Revenues & Volume, By Column Type, 2021 - 2031 |
12.4 Middle East Commercial Vehicle Steering Column Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
12.5 Middle East Commercial Vehicle Steering Column Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
12.6 Middle East Commercial Vehicle Steering Column Market, Revenues & Volume, By Steering System, 2021 - 2031 |
13 Global Commercial Vehicle Steering Column Market Key Performance Indicators |
14 Global Commercial Vehicle Steering Column Market - Export/Import By Countries Assessment |
15 Global Commercial Vehicle Steering Column Market - Opportunity Assessment |
15.1 Global Commercial Vehicle Steering Column Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Commercial Vehicle Steering Column Market Opportunity Assessment, By Column Type, 2021 & 2031F |
15.3 Global Commercial Vehicle Steering Column Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
15.4 Global Commercial Vehicle Steering Column Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
15.5 Global Commercial Vehicle Steering Column Market Opportunity Assessment, By Steering System, 2021 & 2031F |
16 Global Commercial Vehicle Steering Column Market - Competitive Landscape |
16.1 Global Commercial Vehicle Steering Column Market Revenue Share, By Companies, 2024 |
16.2 Global Commercial Vehicle Steering Column Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |