DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/x35wd2/global_steering) has announced the addition of the "Global Steering Lock Systems Market 2014-2018" report to their offering.
The Global Steering Lock Systems market to grow at a CAGR of 6.8 percent over the period 2013-2018.
This report covers the present scenario and the growth prospects of the Global Steering Lock Systems market for the period 2014-2018. The report covers the sales generated, in units, through Steering Lock Systems across all geographies. It covers product segments with a growing application for steering lock systems. It also presents the vendor landscape and a corresponding detailed analysis of the top three vendors in the market. In addition, the report discusses major drivers that influence the growth of this market. It also outlines the challenges faced by vendors and the market at large, as well as key trends that are emerging in the market.
With increased market consolidation, the vendors, through strategic acquisitions, have an opportunity to diversify growth in the Global Steering Lock market, especially when they operate in a non-fragmented industry.
According to the report, Safety against vehicle theft has become a prime driver for the Global Steering Lock Systems market. With over 7 million vehicle thefts in 2013, automobile manufacturers and automotive parts manufacturers are investing considerable time and resources into the development of vehicle security systems.
Further, the report states that new products need to comply with government regulations prior to being marketed, which is a major concern for steering lock systems manufacturers. Changes made in the regulations can have a negative impact on the financial position of a company and its performance. Companies have to comply with several business and investment approvals and adhere to import and export regulations.
- Delphi Automotive Systems plc
- Tokai Rika Co. Ltd.
- TRW Automotive Holdings Corp.
- U-Shin Ltd.
Other Prominent Vendors
- CI Car International
For more information visit http://www.researchandmarkets.com/research/x35wd2/global_steering
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Source: Research and Markets