Global Automotive Adjustable Steering System Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Manually Adjustable Steering and Electrically Adjustable Steering.

By Mechanism Type;

Collapsible Mechanism, Telescopic Mechanism, and Tilt-& -Telescopic Mechanism.

By Vehicle Type;

Passenger Vehicles, Commercial Vehicles, and Luxury Vehicles.

By Technology Integration;

Basic Integration, Advanced Driver Assistance Systems (ADAS), and Fully Autonomous Systems.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn181742537 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Automotive Adjustable Steering System Market (USD Million), 2021 - 2031

In the year 2024, the Global Automotive Adjustable Steering System Market was valued at USD 2136.52 million. The size of this market is expected to increase to USD 3006.30 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The Global Automotive Adjustable Steering System Market is experiencing significant growth, driven by the increasing demand for enhanced driver comfort, safety, and vehicle customization. Adjustable steering systems allow drivers to modify the position and angle of the steering wheel, improving ergonomics and ensuring a more comfortable driving experience. As consumer expectations for personalized driving experiences rise, automotive manufacturers are increasingly incorporating these systems into a wide range of vehicles, from economy cars to premium models.

Technological advancements and safety regulations have also played a key role in the growth of the market. The incorporation of features like collapsible mechanisms has become more common to improve occupant safety in the event of a collision. Additionally, the rising adoption of electric vehicles (EVs) and autonomous vehicles, which require more flexible and advanced steering mechanisms, is further accelerating the demand for adjustable steering systems. With EVs and autonomous vehicles requiring more intuitive and adaptable controls, the market for adjustable steering systems is expected to expand rapidly.

Regional demand for automotive adjustable steering systems is also increasing, with North America, Europe, and Asia-Pacific being key markets. Europe, in particular, leads the market due to stringent safety regulations and the high demand for luxury and premium vehicles, which often feature advanced adjustable steering mechanisms. As vehicle manufacturers continue to innovate with more advanced and customizable features, the automotive adjustable steering system market is poised for continued growth, with significant advancements in both technology and consumer preferences shaping its future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Mechanism Type
    3. Market Snapshot, By Vehicle Type
    4. Market Snapshot, By Technology Integration
    5. Market Snapshot, By Region
  4. Global Automotive Adjustable Steering System Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Enhanced Driving Comfort and Safety
        2. Advancements in Vehicle Technology and Integration with ADAS
        3. Rising Adoption of Electric Vehicles (EVs) and Autonomous Vehicles
      2. Restraints
        1. High Production Costs and Complexity
        2. Limited Awareness and Acceptance of Advanced Steering Systems
        3. Regulatory and Safety Challenges
      3. Opportunities
        1. Increasing Consumer Preference for Luxury and High-tech Vehicles
        2. Technological Advancements in Autonomous Driving Systems
        3. Integration of Adjustable Steering Systems in Emerging Markets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Adjustable Steering System Market, By Type, 2021 - 2031 (USD Million)
      1. Manually Adjustable Steering
      2. Electrically Adjustable Steering
    2. Global Automotive Adjustable Steering System Market, By MechanismType, 2021 - 2031 (USD Million)

      1. Collapsible Mechanism

      2. Telescopic Mechanism

      3. Tilt-&-Telescopic Mechanism

    3. Global Automotive Adjustable Steering System Market, By Vehicle Type, 2021 - 2031 (USD Million)

      1. Passenger

      2. Vehicles

      3. Commercial Vehicles

      4. Luxury Vehicles

    4. Global Automotive Adjustable Steering System Market, By Technology Integration, 2021 - 2031 (USD Million)

      1. Basic Integration

      2. Advanced Driver Assistance Systems (ADAS)

      3. Fully Autonomous Systems

    5. Global Automotive Adjustable Steering System Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. DENSO Corp.

      2. JTEKT Corp.

      3. Nexteer Automotive Corp

      4. NSK Ltd

      5. Robert Bosch GmbH

  7. Analyst Views
  8. Future Outlook of the Market