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Electrical Steering Column Lock Market Share

  • Report ID: GMI2178
  • Published Date: Oct 2017
  • Report Format: PDF

Electrical Steering Column Lock Market Share

  • Nexteer Automotive
  • Robert Bosch
  • ZF Friedrichshafen AG
  • NSK Ltd.
  • Nissan

are among the prominent participants in electrical steering column lock market. The industry players focus on catering the customer demands owing to rising security concerns. For instance, in March 2017, Nissan took an initiative to replace the conventional steering lock with an electrical steering column lock for cost free in Nissan Altima and Maxima models. This strategy helped the company to gain traction among the customers.
 

Manufacturers are also indulged in new vehicle parts development for gaining competitive edge. For instance, in 2013, NSK Ltd. introduced an innovative column lock mechanism that improves the overall system design and performance.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of electrical steering column lock was worth over USD 17 billion in 2016.

The industry share of electrical steering column lock is predicted to grow at more than 7.1% CAGR between 2017 and 2024.

Electrical Steering Column Lock Market Scope

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Premium Report Details

  • Base Year: 2016
  • Companies covered: 10
  • Tables & Figures: 407
  • Countries covered: 22
  • Pages: 300
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