Electrical Steering Column Lock Market Share

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.