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Automotive Power Tilt and Telescopic Steering Column Market Share

Report ID: GMI12558
Published Date: Dec 2024
Report Format: PDF

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Automotive Power Tilt and Telescopic Steering Column Market Share

Automotive Power Tilt and Telescopic Steering Column Company Market, 2024

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NSK, ZF Friedrichshafen, and Bosch collectively held a substantial market share of 25% in the automotive power tilt and telescopic steering column industry in 2024. NSK, ZF Friedrichshafen, and Bosch are industry leaders, focusing on technological advancements and high-quality manufacturing. NSK offers precision engineering for seamless tilt and telescopic features, while ZF Friedrichshafen prioritizes integration with ADAS. Bosch, with its strong R&D capabilities, focuses on the development of energy-efficient, electronically controlled steering columns to cater to premium and electric vehicle segments.

These companies excel through innovation and strategic partnerships with OEMs. NSK's reputation for reliable mechanical systems competes with ZF's advanced, safety-focused solutions. Bosch, with its extensive electrical system expertise, targets high-tech steering columns. Together, these companies drive the market's evolution toward smarter, more customizable, and ergonomically optimized steering solutions for the automotive industry.

Automotive Power Tilt and Telescopic Steering Column Market Companies

Major players operating in the automotive power tilt and telescopic steering column industry are:

Bosch
COBO
Denso
Eaton
Flaming river
JTEKT
Kongsberg
Nexteer
NSK
ZF Friedrichshafen

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of automotive power tilt and telescopic steering column reached USD 4.4 billion in 2024 and is set to grow at a 7.8% CAGR from 2025 to 2034, driven by increasing focus on driver comfort and safety.

In 2024, the power telescopic steering column segment accounted for 42% of the market share and is expected to exceed USD 4 billion by 2034, as automakers prioritize driver comfort and adaptability.

The Asia Pacific market accounted for 36% of the revenue share in 2024 and is expected to exceed USD 3 billion by 2034, fueled by the rise in electric and luxury vehicles and strong government support for electric vehicle production.

The key players in the industry include Bosch, COBO, Denso, Eaton, Flaming River, JTEKT, Kongsberg, Nexteer, NSK, and ZF Friedrichshafen.