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Introduction of collapsible steering columns in order to reduce the injuries caused by impact on the driver’s body in case of collision while driving is one of the key factor to assist the demand for steering column cowls over the next decade. Growth of the steering column cowls market depends primarily on the steering column market demand across the globe.
Global Steering Column Cowls Market: Segmentation
The global Steering Column Cowls market can be segmented on the basis of vehicle type, type, and sales channel
On the basis of vehicle type, the global steering column cowls market can be segmented into
- Passenger Cars
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
On the basis of type, the global steering column cowls market can be segmented into
- Upper Steering Column Cowl
- Lower Steering Column Cowl
On the basis of sales channel, the global steering column cowls market can be segmented into
- OEM
- Aftermarket
Global Steering Column Cowls Market: Dynamics
Demand for the steering column cowl is primarily related to the growth in the production as well as sales of the vehicles across the globe. Steering column cowls are primarily utilized to provide the convenience as well as provide the safety to the steering column. The aforementioned reasons are found to be the key factor pushing the growth of global steering column cowls market over the near future. Steering column cowl sales will find through OEM installation in a profound extent followed by the aftermarket.
One of the major restraining factor for steering column cowls is that if they are damaged due to accident or other reasons, the whole steering column needs to be replaced as a unit. Moreover, introduction of stringent regulations pertaining to the steering columns are expected to affect the growth of the global steering column cowls market in the near future. For instance, in U.S., steering columns are governed by several federal requirements, Chinese directive obligates manufacturers to incorporated anti-theft mechanism in their vehicles, European Union Commission directives mandates that vehicle must be fitted with anti-theft devices, etc.
Key manufacturers involved in the global steering column cowls are focussing on expanding their steering portfolio in order to provide the wide range of products to the large customer base across the globe.
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Global Steering Column Cowls Market: Regional Outlook
Based on the regions, Asia-Pacific led by China is expected to dominate the global steering column cowls market, owing to the growth in the demand of passenger cars as well as commercial vehicles supported by ever-increasing population. Asia-pacific is anticipated to be followed by North America in the global steering column cowls market, as the U.S. is one of the prominent market for the vehicles after China. North America is anticipated to be followed by Europe and other regions in the global steering columns market over the forecast period. Middle East & Africa is expected to witness low to moderate growth in the global steering column cowls market. Latin America in the global steering column cowls market is anticipated to grow at slow rate over the next decade.
Global Steering Column Cowls Market: Market Participants
Some of the key players involved in the global Steering Column Cowls market include SC Parts Group Ltd., DS Smith, Moss Motors, Ltd., Brown and Gammons, ALLON WHITE SPORTS CARS, Jaguar Land Rover, TVR PARTS LTD., and others.
The global steering column cowls market is anticipated to one of the most consolidated in nature as there are small number of players involved in the manufacturing of the product across the globe. Few global players are anticipated to hold significant share in the global steering column cowls market.
The research report presents a comprehensive assessment of the Steering Column Cowls market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated Steering Column Cowls market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Steering Column Cowls market segments such as geographies, function, and industry.
The report covers exhaustive analysis on:
- Steering Column Cowls Market Segments
- Steering Column Cowls Market Dynamics
- Steering Column Cowls Market Size
- Steering Column Cowls Supply & Demand
- Steering Column Cowls Current Trends/Issues/Challenges
- Steering Column Cowls Competition & Companies involved
- Steering Column Cowls Value Chain
- Steering Column Cowls Technology
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The Steering Column Cowls market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Steering Column Cowls market segments and geographies.
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