Automotive Steering Systems Market was valued at USD 32.12 Billion in 2022, and is expected to reach USD 44.30 Billion by 2029, exhibiting a CAGR of 4.7% during the forecast period (2023-2029)

Automotive Steering Systems Market Overview

The research on the Automotive Steering Systems Market is based on the detailed dynamics the Automotive Steering Systems market. The report covers market revenue forecasts at global, regional and segment, and national levels. Industry potential is deeply studied. Region wise trend during the forecast period and individual nation market share are all included in Automotive Steering Systems market research.

Automotive Steering Systems Market Report Scope and Research Methodology

The report is a comprehensive analysis of the complementary and Automotive Steering Systems market by region, segment and competitive landscape. The report covers the current trends prevailing in the market & changing consumer preferences towards the industry in the upcoming years helping the companies identify investment pockets and opportunities in the Automotive Steering Systems market. Sales forecasting is the main highlight of the report.

The analysis acts as a guide for stakeholders, investors, market players and followers and new entrants with an overall view of the Automotive Steering Systems formulating investment approaches and marketing tactics. Secondary data was collected from official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the Automotive Steering Systems industry along with paid and free databases. To estimate the segment wise, regional and global Automotive Steering Systems Market size, bottom-up approach was used.

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Automotive Steering Systems Market Regional Insights

The Regional Analysis in the report helps to understand the Automotive Steering Systems market in various countries. The report includes a detailed analysis of the market potential & industry rivalry in all the regions: :North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

Automotive Steering Systems Market Segmentation : 

Based on Vehicle Type, the automotive steering system market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car category is expected to dominate the automotive steering system market during the forecast period, thanks to the rising sales and production in Asia Pacific emerging nations. The increasing use of electric power steering systems in passenger vehicles is also expected to boost growth in this section of the automotive steering system market.

by Component

● Hydraulic Pump
● Steering Column
● Electric Motor
● Steering Wheel Speed Sensor

by Technology

● Electric power steering (EPS)
● Electrically assisted hydraulic power steering (EHPS)
● Hydraulic power steering (HPS)

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Automotive Steering Systems Market Key Players : 

● China Automotive Systems, Inc.
● Nexteer Automotive
● Hitachi Automotive Systems Americas, Inc.
● Hyundai Mobis
● JTEKT Corporation
● The Mando Corporation
● NSK Ltd.
● Robert Bosch GmbH
● Showa Corporation
● ThyssenKrupp AG
● Magna International
● Mitsubishi Electric Corporation
● Denso Corporation
● Sona Corporation
● Knorr-Bremse AG
● ZF Friedrichshafen AG
● Rollax GmbH & Co. KG

Key questions answered in the Automotive Steering Systems Market are:

  • What is Automotive Steering Systems?
  • What are the factors driving the Automotive Steering Systems Market growth?
  • What are the factors are limiting the Automotive Steering Systems Market growth?
  • What was the Automotive Steering Systems market size in 2021?
  • Which trends are expected to generate additional revenue for the Automotive Steering Systems market growth?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Steering Systems Market?
  • What growth strategies are the players considering to increase their foothold in the Automotive Steering Systems Market?
  • Who held the largest market share in the Automotive Steering Systems Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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