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Automotive Power Tilt and Telescopic Steering Column Market Trends

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

Automotive Power Tilt and Telescopic Steering Column Market Trends

In commercial vehicles, the adoption of advanced steering technologies, including power tilt and telescopic systems, is increasing to improve driver comfort during long hours of operation. These systems enhance ergonomics by offering adjustable steering positions, reducing fatigue. Additionally, as safety regulations tighten and automation in commercial transport grows, integrating such systems helps meet both driver needs and evolving industry standards for safety and efficiency.
 

For instance, in November 2024, Tata Motors made a major debut into the Saudi Arabian market with the introduction of the Tata Prima 4440.S AMT, the company's first truck featuring an Automated Manual Transmission (AMT). The truck's contemporary cockpit, which includes a tilt-and-telescopic steering wheel and a pneumatically suspended seat, is designed to enhance driver comfort on lengthy trips.
 

High manufacturing costs are a significant challenge, as advanced steering systems with power tilt and telescopic features require specialized components and precise engineering, which can increase production expenses. These higher costs limit their widespread adoption in mid-range and budget vehicles. Additionally, consumer awareness of these advanced features remains relatively low, which hinders demand. Without proper education and promotion, many drivers are unaware of the comfort and safety benefits these systems offer, preventing them from becoming standard in a broader range of vehicles.

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.

Automotive Power Tilt and Telescopic Steering Column Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 20
  • Pages: 180
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